DHR - Debt Head Report

DHR - DEBT HEAD REPORT - An Important question for Books and Budget paper and GRP paper

Click below for PPT on DHR & 7th Chapter of Accounts Code (DHR)

                                     DHR         7th Chapter of Accounts Code ( covering DHR)

DHR - DEBT HEAD REPORT IN INDIAN RAILWAYS from Nageswara Rao M

CIPS - Centralised Integrated Payment System-

CIPS - Centralized Integrated Payment Solution from Nageswara Rao M

Appendix 3 exam - 2018 = Mark lists of Northern Railway

GCC for Works - New clause - Bonus for early completion of work

Bonus for early completion of work 

● New initiative to encourage the Contractors to complete works as early as  possible by offering incentives in the form of Bonus.  

● Contractor is entitled a Bonus for early completion of work i.e., before the  prescribed date for completion. 

● New clause in GCC for works - 17C of GCC - General Conditions of Contracts  for Works 

● Bonus - 1 % of Contract value for each 30 days early completion of work. ● Less than 30 days shall be ignored for working out the Bonus 

● The completion date reckoned - the date of issuance of completion  certificate by the Engineer.  

● Maximum Bonus is 5 % of the original contract value.  

● Conditions for availing Bonus by Contractors are :  

1. Open Tenders having advertised value of more than Rs. 50 Crores 

2. Original period of completion is 12 months or more 

3. No reduction in original scope of work by more than 10 % 

4. No extension granted on either Railway or Contractor’s account

● This clause is very good. Because it encourages the contractors for early  completion of work for availing the Bonus to the extent of 5 % of Contract  value. Also avoids the time overruns and cost overruns in Projects. 

• Suggestion is the Bonus shall be 0.25 % for every one week in lieu of 1 % for every 30 days  period.

Example:  

A work costing 60 Crores whose completion period is 18 months was awarded to  the Contractor ABC Co, ltd on 01.10.2019. The completion date for this work is  31.03.2021. The scope of work is not reduced during the contract period. If the  contractor completes the work on 15.12.2020, what is the eligible amount of Bonus  entitled to the Contractor? 

Answer:  

Saving period: 31.03.2021 Minus 15.12.2020 = 116 days.  

Bonus is 1 % for every 30 days subject to maximum of 5 % 

Bonus calculation = 3 % of 60 Crores = Rs. 180 Lakhs 

 

Material for MCQ

1. Bonus is 1 % of Contract Value for each 30 days of early completion of work.

2. Maximum Bonus is 5 % of Contract Value

3. Original period of Completion is 12 months or more

4. Advertised value of Tender should be Rs.50 Crores and more

5. Eligible for Open Tenders only

6. No reduction in original scope of Work by more than 10 % 

7. No extension granted either on Contractor’s account or on Railway’s Account 

8. Less than 30 days is ignored for calculation of Bonus

9. New Clause in GCC for Works - 17C

*****

Objective type questions - Departmental examinations (except Accounts & RPF)

Click for Railway Board letter - Objective type questions

Salient features of Railway Board Letter No.E(NG)I/2018/PM I/4 dated 14.12.2018 – RBE 196 -Objective question paper (multiple choice questions)

·         Applicable to  1) Promotion of staff within Group C by Selection or Non-selection process and 2) Group D to Group C

·         Question paper will be 100 % objective type. That means all the questions will be of multiple choice only.

·         Applicable to all Departments, except Accounts and RPF.

·         Large Question Bank may be created.  Questions can be selected randomly from the Question Bank.

·         Examination may be in CBT (Computer Based Test) or Pen & Paper mode.

·         Negative marks.  1/3^rd of marks will be deducted for wrong answers.

·         These new instructions would apply for those selections which are notified after the date of these instructions i.e., from 14.12.2018.

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 Reforms needed for Appendix 3 (IREM) Examination

Herein suggested the following few measures in connection with the Appendix 3 (IREM) examination conducted by the Railway Board. 

v It's time to initiate the reforms by revisit the structure, syllabus, pattern of the Appendix 3 (IREM) examination to suit the changing trends.

v The existing examination pattern, i.e., consists of six papers (descriptive nature) and syllabus areoutdated one.  It should be replaced by the two parts like “Prelims” and “Mains” in Civil Services exams, JEE, or many other competitive exams.

v The Preliminary exam should consists of multiple choice questions.  It is easy to conduct as well as test the basic knowledge of candidates, before allowing them to appear in Mains examination. Tests on English skills, Reasoning skills, computer skills should be included apart from General Rules & Procedures (covering all subjects) for selection of talented supervisors in Accounts Dept.

v The preliminary examination should be conducted online by taking advantage of Information Technology.  Thereby lot of time, expenditure will be saved with good transparency.

v  Removal of "With Books" Examination, because it has not served its purpose.  Instead, it creates confusion in the minds of candidates with the long list of carrying the codes and manuals.

Existing Papers	Proposed Papers
1. General Rules & Procedures – GRP	1. GRP –proposed to be held in multiple choice format instead of descriptive in Prelims stage
2. Advanced Book Keeping	2. Continued
3. Optional one (with Books)	3. To be deleted
4. Optional One (without Books)	4. Continued
5. Optional Two (with Books)	5. To be deleted
6. Optional Two (Without Books)	6. Continued

OVERALL

Existing	Proposed
Six Descriptive papers	One multiple choice Paper and Three Descriptive papers

v Lot of advantages to the Administration, if adopted the pattern as two stages instead of single stage (6 Descriptive papers)

v Example: If 2000 candidates are appearing Appendix -3 exam, the savings to the Administration is as follows.

In One stage (existing)	In Two stages (proposed)	Savings
12,000 Descriptive Answer sheet	3,000 Descriptive Answer sheets	9,000 Descriptive Answer Sheets
(Evaluation of 12,000 Descriptive answer papers i.e., 2000 x 6	(Evaluation of 3,000 Descriptive answer papers i.e., 1000 x 3 (descriptive) –With the assumption of filtration of 50 % candidates only in prelims exam (multiple choice questions)	Almost 3/4th savings - evaluation of 9,000  Descriptive answer papers

v Like other recruiting agencies i.e., UPSC, SSC, Time Table of Appendix-3 examinationto be announced in the beginning of year.  It enables the candidates to plan their preparedness for attempting the examination.

v  It should include a) Examination notification date, Last date for receipt of applications, Examination date, Date of announcement of results.

v Syllabus to be redesigned and made it simple and define clearly to suit the present trends, as the existing one is outmoded.  Subjects like Accrual accounting/Commercial accounting, costing, Information technology should be added to the syllabus.

v Many more changes may be initiated depending on the present requirements of Indian railways Accounts dept.