DA / DR Freezing

Freezing of Dearness Allowance(DA) and Dearness Relief(DR)

 Source: click here for Govt notification

As responsible citizens, we  have to forego and ready to face many more cost cutting exercises to get out of the current COVID -19 crisis, which is looming the entire world.

·         Additional DA & DR to Central Government employees and Pensioners respectively due from 01.01.2020 (i.e., 4 %)  and also to be due on 01.07.2020 and 01.01.2021  - Not to be paid.

·          After 01.07.2021, as and when Govt decides, the same may be restored prospectively and subsumed in the cumulating revised DA & DR with effect from 01.07.2021

·         But, arrears for the past period  (i.e., 01.01.2020 to 30.06.2021) is not allowed.

·         However, existing DA rate and DR rate ( i.e., 17%)  is continue and paid as usual.

Example

At present DA Rate (from 01.07.2019) - 17 %

From Date	DA Rate %	Cumulative	Paid	Remarks
01.07.2019	5	17	17
01.01.2020	4	21	17	enhanced DA for 18 months is give up/sacrifice equallingg one month salary approx
01.07.2020	4 (assumed)	25	17
01.01.2021	4 (assumed)	29	17
01.07.2021	4 (assumed)	33	33	Restored prospectively and paid

WGR in Workshop Accounts

WGR - Workshop General Register

                       Shri Uday Kiran Bora, PS to PFA/SCR, 

Mobile: 9242323381

 

·         A Workshop has number of shops viz. Lathe, Assembly, Saw mill, Smithy etc.,

 ·         A work order is an authority issued by Production Control Office to initiate any work in a shop.

 ·         A work order will be enclosed with Route card (process of operations), material required etc.

 ·         Job card will move along with physical work, on which the timings of staff worked on this work are noted.

 

·         Average Rate per hour =        Total wages paid (incl. Allowances)

§  Total no of hours worked in a month.

 

 ·         Necessity of Costing in Workshops: To know the output/outturn of any work and also to check whether the work is financially viable or not.  

Costs are divided into
Prime Costs (Direct Costs)	On Costs (Indirect costs)

 

 ·         Prime costs = direct labour costs + direct material costs

 ·         Oncosts = indirect labour costs + indirect material costs

 ·         Note: In workshops – Oncosts and in Productions it is overhead charges.

 

Calculation of cost for a work:

 

Material used for all works in a shop	Labour for all works in a shop
1. Stores from stores depot	1. Total labour cost = total no. Of hours * average rate per hour
2. Direct Purchases	2. Incentive cost based on job card
3. Received from other railways	3. Misc. Costs
4. Credits (Returned stores)
Total: Stores subledger of the shop (1+2+3+4)	Total: Labour subledger of the shop (1+2+3)
All shops added: Stores subledger of the workshop	All shops added: Labour subledger of the workshop.
Workshop General Register
Out Turn Statement Part – I	Out Turn Statement Part – II
Outlay adjustable during the month	Outlay on works in progress & completed works – awaiting acceptance by the concerned parties.

 ·         Parallelly Check Sheet is prepared from the summary of the stores subledgers and labour subledger to see that all the entries are entered in WGR.   

 ·         Workshop General Register: The totals of Stores subledger of the workshop and Labour subledger of the shop are noted in a register, shop wise and work order wise, for a month is called Workshop General Register.

 ·         Out Turn Statement: From workshop general register, the Out Turn Statement Part- I and Out Turn Statement Part-II are prepared. Out Turn Statement is prepared to check whether it is booked to proper heads of account or not.

 

***

 

 

iMMS

 

iMMS

By Shri Damodar Prasad, Sr.AFA (Retd)

 

Source: Official Twitter account of Indian Railways Click here

·         Acronym of Integrated Material Management System.

 

·         Initially  Materials  Management  Information  System  (MMIS)  was  developed  by  Central Railway  in  1998 year.

 

·         Covered PCMM office, Stores Accounts Office and Major Depots of  the Central Railway.

 

·         MMIS  - Areas

Purchases	Issues	Generating PO - Purchase Order
Generating ERM - Electronic Requirement Mandate	RO - Receipt Order	Issue Note

 

·         MMIS - Generation of the following Reports

A.      Details of slow moving items.

B.      Quantities available as on date.

C.      Pending POs (Purchase Orders)

 

·          MMIS  has  undergone  several  customizations  and  is  implemented  at  most  of  the  Stores Depots; Divisions  & Stores finance  branches  all  over  Indian  Railways. 

 

·         MMIS  to iMMS - This decentralized  MMIS  running  on  individual server  in  Zonal  Railways  is  being  integrated  at  CRIS  (Centre  for  Railway  Information Systems),  New  Delhi  with  the  iMMS  (Integrated  Material  Management  System)  web  based application  on  central  servers. 

 

·         First phase of iMMS - Local  purchase  module  of  iMMIS  has  been rolled  out  for  implementation  in  all  depots  and  divisions  of  stores  department  of  Zonal Railways,  both  for  Stock  &  Non-Stock  items.   

 

·         iMMS  -  catering  depot  transaction (Issue/  Receipt)  of  all  the  Indian  Railways.

 

·          iMMS  to IPAS   - Once  this  application  is  fully  implemented  and integrated  with  IPAS  it  will  take  care  of  all  the  payments  and  suspense  head  operated  in Stores Accounts.

******

 

 

 

 

 

 

Homophones for LDCE English

Click https://wikidiff.com/ to learn Homophones.  Useful for LDCE Preparation

Railway Accounts Vs Commercial Accounts

Railway Accounts Vs Commercial Accounts

Railway Accounts	Commercial Accounts
Demands Recoverable A/c	Debtors A/c
Traffic A/c	Debtors A/c
Sales Suspense A/c	Debtors A/c
Labour  Suspense A/c	Creditors A/c
Purchase Suspense A/c	Creditors A/c
Demands Payable A/c	Creditors A/c
Cheques & Bills A/c	Bank A/c
RIB - Remittance Into Bank A/c	Bank A/c
Stores A/c	Purchases A/c or Sales A/c

Notes:

·         The above list is not exhaustive.

  

·         Though the nomenclature is different in Indian Railways, but the recording of Journal Entries in the Railways is always abide by the Golden Rules of Double Entry system.