Railway Accounts Department Examinations

Friday, August 16, 2019

Results - Appendix 3 Exam



Today - No Results of Appendix 3 Exam   

Hope the same will be declared in last week of August or First week of September. 



Image result for No today

Monday, August 12, 2019

Link of Accounts Directorate - If declared Results of Appendix3 Exam

RIDF- Rail India Development Fund



RIDF - Rail India Development Fund



·         Conceptual stage - proposed in 2017

·         Govt has circulated a draft cabinet note for setting up a RIDF

·         Estimated fund - 5 Billion Dollars  (approximately Rs. 35000 Crores)

·         Anchored by World Bank and will serve as an vehicle to arrange funds from the Market. 

·         Managed independently by a Non-Govt entity.

·         Leveraging the funds from multilateral (all sides) sources such as Pension Funds from India and the Rest of the World and Other borrowing agencies.

·         Indian Railways as well as private players i.e., SPVs (Special Purpose Vehicles), Concessionaires etc in the railway sector are eligible to draw from this Fund in the form of Equity and Debt. .

·         Hope the above fund will be materialized in future.


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Friday, August 9, 2019

Results-Appendix 3 IREM examination

No chance for results today. Hope next week

Results

Today likely publish the results of Appendix 3 exam. All the best. Check Accounts directorate of railway board website.

Click below for Accounts directorate for results

http://www.indianrailways.gov.in/railwayboard/view_section.jsp?id=0,1,304,366,498

Sunday, July 28, 2019

Codes - Indian Railways


Codes - Indian Railways

SN
Code
Index Letter
Dept
Year of First edition
Year of Latest edition
No of volumes
Remarks
1
Accounts Department
A
Accounts
1940
1983
2
Part I - General Accounts. Chapters 1 to 19
Part II - Traffic Accounts. Chapters 20 to 34 
2
Engineering Code
E
All Depts


1
19 chapters
3
Administration & Finance - An introduction
G
All Depts
1976
1991
1
12 chapters
4
Finance Code
F
All Depts

1981
2
Part 2 -  Classification of expenditure & receipts
5
Establishment Code
R
Personnel
1940
1985
2
Part I - 1 to 12 chapters
Part II -
6
Stores Code
S
Stores
1938
1990
2
Part I - 1 to 11 chapters
Part II - 12 to 33
7
Traffic Dept (Commercial)
T
Commercial
1939

1
19 chapters
8
Rolling Stock
W
Mechanical
1940
2016
1
11 chapters. Previous name is Mechanical Dept code (workshops)

Notes:
·         The erstwhile Indian Railway General Code (provisional edition published in the year 1938) was re-written in two separate texts under the titles " The Indian Railway Administration and Finance—An Introduction " and " Indian Railway Finance Code ".

·         Code Revision cell was constituted in 1973 year

·          Paragraphs Numbers.-For convenience of indexing and of reference, the paragraphs have been numbered according to a 3/4 figure "Code".  First 1 or 2 digits indicates chapter number.  Last 2 digits indicates Para Number.
examples:
1) 1302 - A I- paragraph 2 of Chapter XIII of Accounts Code Volume I

2) 116 - F I indicates Paragraph 16 of chapter I of Finance Code volume I

·         Forms indicate as follows.  The index letter of the code in question being prefixed to the number of the paragraph in which the form is Illustrated Code Index letter is prefixed (unlike suffixed in case of Paragraphs)
                Example: S-1313  .  That is form that is described and illustrated in Paragraph 13 of Chapter XIII
                                                  of Stores Code.  (combined Requisition and issue Note for drawing materials
                                                  from stores Depots)
·                  Simply, The Index letter of the Code is prefixed for Form Number and is suffixed for Paragraph
             Number.

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Accounts office - Various Sections


Accounts office - Various Sections

1.       Administration  - All the staff matters of Accounts dept. such as appointment, posting, fixation of pay, preparation of seniority list and other personal matters.

2.       Establishment  -  Passing of salary bills & other misc bills of Gazetted and Non gazetted staff

3.       Finance Expenditure - Scrutiny of all the proposals effecting railway finances & tendering financial advice to the executive concerned, critical examination of the tender documents including contract agreements etc.

4.       Finance Establishment - Scrutiny of proposals for creation of new posts, extensions of the currency of temporary posts, up gradation of certain posts.

5.       Provident section: Maintenance of PF/NPS account of all the employees, settlement of PF/NPS at the tune of retirement, death etc. passing of various advances & withdrawals from PF, transfer of PF account, in case of transferred employees.

6.       Pension & Settlement section: All the matters in connection with arranging the payments of final settlement due, DCRG, pension, leave salary etc. in favour of the railway employees who have retired from the Rly service or ceased to be an Rly employee due to various reasons.

7.       Books / Booking -  Maintenance general books  i.e. cash book, journal, ledger etc. preparation of monthly & annual account current, consolidation and submission of monthly & annual returns to the Rly Board, raising & accepting debits / Credits issued to any by various divisions / Rlys. Other Govt. Depts. Etc,  preparation of cheques & post Audit of all the paid vouchers are dealt with this section unpaid wages, pay orders are passed by this section.

8.       Budget -  Compilation of Budget estimates recd from various depts  & timely submission of the same to the Rly. Board Office, compilation of appropriation accounts, preparation of Monthly, Quarterly financial reviews as a managerial tool of financial control.

9.       Expenditure -  Make prompt payment of all the works bills preferred against the railways including contractors bills for work done,

10.   Inspection & Audit -  Examine the initial books/records maintained by various executive dept. including accounts offices. Prompt disposal of all the audit objection including inspection reports / draft Para / audit notes.

11.   R & D ( Receipts & Dispatch) / record section - Receipts & Dispatch of all the communications in the account office. Similarly systematic various types of paid vouchers making available the same as & when required, storing of the forms & stationary including various types of books & registers and supply of the same to the various sections when demanded for.

12.   Traffic Accounts - primarily deals in the internal check & compilation of Traffic earnings from the station returns. In addition, It conducts inspection by its inspectional staff to check the primary document from which the station returns are prepared. Maintenance of traffic book,

13.   Cash and Pay - Responsible for the receipt of all the department cash receivable to the Rly Admn. on account of various services rendered by the Rlys, prompt deposit of the same in the RBI/ SBI . Disbursement of all the cash in respect of various types of bills passed for payment by the account officers from time to time.

14.   Stores - A. Advising to Stores dept in respect of procurement of Material & deciding the policies for effective inventory management. B. Arranging prompt & correct payment to all suppliers & vendors. C. Maintenance of accountal of material procured. D. Watching of liabilities incurred against Budget Grant. E. Accountal & arranging payment of Fuel i.e. Diesel & Lubricants purchased for the purpose of traffic operations. F. Assistance in sale of Scrap material & accountal thereof. G. Maintenance of Books & Ledgers as per the requirement of Govt. Accounting. H. Periodical inspection of Livestock & Dead Stock of all over the Zonal Rlys. Offices. I. Dealing with the proposal required for Rolling Stock & Workshops material and accountal thereof.

15.   Workshop Accounts - Maintenance of costing data in related to workshops, Preparation of WMS account, Raising of Debits of work done against the various railways, Calculation of Incentive etc
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