NFIR's letter to Railway Board - Regarding Appendix3 exam

Click below for NFIR's letter urging to conduct Appendix3 exam early

NFIR's Letter

Quiz on Sources of finance

Please attempt the below quiz for checking your preparedness for upcoming Appendix3 Exam

Quiz on Sources of Finance

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RRSK – Rashtriya Rail Sanraksha Kosh

RRSK – Rashtriya Rail Sanraksha Kosh

·         Dedicated fund for Railway Safety.

·         Established in the year 2017-18 (announced in Budget speech of 2017-18)

·         Based on the recommendations of High Level Safety Review Committee, 2012 headed by Shri Anil Kakodkar, former chairman of Atomic Energy Commission.

·         Period – Five years

·         Fund proposed – Rs.1,00,000 Crores (i.e., Rs.20,000 Crores for every year)

·         Rs.20,000Crores for this year i.e., 2017-18 is proposed to be funded as follows.

Central Road Fund	Rs.10,000 Crores	So far, the amount goes to SRF.
Ministry of Finance	Rs.5,000 Crores	Promised
Railway Internal Resources	Rs.1,000 Crores	(from Budget document 2017-18)
By collecting Cess on fares ( proposed)	Rs.4,000 Crores
Total	Rs.20,000 Crores	For FY 2017-18

·         Objects: 1 ) Strengthen the safety measures on the Rail Network to prevent accidents in order to accomplish the “ZERO ACCIDENT MISSION”

·         Unique feature of this Fund is Non-lapsable .  That means the grant allotted for this Fund is not lapsed with the completion of financial year.

·         Works falling under this Fund category: -

1.       Track renewals &upgradation

2.       Bridge rehabilitation

3.       Elimination of LC gates on BG routes by 2022  

4.   Construction of ROBs/RUBs     

5.       Replacement & Improvement of Signaling system.

6.       Improvement & up gradation of Rolling Stock.

7.       Replacement of Electrical assets

8.       HRD – Human Resources Development.

·         Likely probability:

 SRF – Special Railway Safety Fund may be merged with the above Fund.  This conclusion arrived based on the two factors.  1) CRF – Central Road Fund – so far it is a source of finance for existing RSF – Railway Safety Fund.  Now it is going to be credited to new Fund that is NRSF or RRSK.  2 ) LC Gates (Plan Head 2900) and ROBs/RUBs (Plan Head 3000) so far met from the existing fund RSF.  Now these two objects are included in the proposed new Fund NRSF or RRSK.  Don’t come to any conclusion. Let’s wait and see for further guidelines from Railway Board.

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Test Balance Sheet

Test Balance Sheet

2016 Station Accounts without books -5 marks

·         Prepared in the Proforma Appendix XIII/Commercial Manual.

·         The TIAs should prepare Test Balance Sheet in respect of both coaching and goods traffic ( at the time of Inspection of Stations) and submit to the Accounts Officer along with their inspection reports.

·         Debit Side :  1) Closing Balance of previous month 2) The 'To-pay' way-bills for parcels and Motor cars eetc received during the current month to date 3) Any special items

·         Credit Side: 1) The collections on account of inward parcels and motor-cars, etc 2) any special credits 3) the outstanding on date.

·         The test balance for the closing period of the month should be made as soon as the returns are closed.

·         The outstanding being detailed on the reverse of the Balance sheet.

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