No Results Today
Designed to help the candidates appearing the Appendix 3, LDCE, 70% etc of Railway Accounts
Friday, August 30, 2019
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.
Monday, August 12, 2019
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.
*****
Friday, August 9, 2019
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
Thursday, August 1, 2019
Change in Demand Number of Ministry of Railways
Ministry of Railways
Single Demand No.82
(Earlier referred as Demand No.80)
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.
***
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
***
Functions of Accounts Department
Functions of Accounts
Department
( First Para of First chapter of Accounts Code Volume 1 -
101- A )
1.
Maintain/ Keeping the
Railway Accounts as per prescribed rules. (General Books such as Daily Cash
Book, Monthly Cash Book, Journal and Ledger)
2.
Preparation various periodical accounts such as
Account Current, Appropriation Accounts, Profit & Loss Account, Balance
Sheet etc
3.
Internal Check : Check
of all receipts and expenditure of railway with reference to rules/orders.
4.
Prompt settlement of
proper claims against the railway. (payments thereof is arranged by drawing the
cheques on Banks) That is without
delay, settle the claims in reasonable time. Also ensures the claims should be
proper (not fake/duplicate).
5.
The primary responsibility for the
allocation of all receipts and payments rests with the concerned departmental
officers. Each bill or voucher received from them should show the correct
allocation of the receipt/expenditure in the fullest detail. The Accounts Department is responsible for seeing, to the
extent it is possible for them to do so, that the allocation shown on the
initial document is not prima facie incorrect.
(217-A)
6.
Compilation
of Budget in consultation with other
depts(however preparation of budget lies with executive depts only), Monitoring
the budget during the year and Budgetary reviews.
7.
Tendering/Advice to the administration whenever
required or necessary in all matters involving railway finance.
8.
Management accounting functions - A) Providing
financial data for management reporting B) participation in
purchase/contracting decisions (as Member in Tender Committees)
9.
Seeing that there are no
financial irregularities in the transactions of the Railway.
***
Saturday, July 27, 2019
Force Majeure clause
Force Majeure clause
·
Literary meaning is "Irresistible (uncontrollable)
force"
·
Force Majeure means "unforeseeable
circumstances that prevent someone from fulfilling a contract". That is unforeseeable course of events
excusing from the fulfillment of contract by the contractor/supplier.
·
Object : To protect the contractor/supplier from
such a liability arising from
circumstances beyond his control.
·
The so called
circumstances are acts of God such as wars or revolutions, hostility, acts of
public enemy, civil commotion, sabotage, fires, floods, explosion, epidemics,
quarantine restrictions, strikes, lock outs and freight embargoes etc.
·
By virtue of Force Majeure clause, the Contractor/supplier does not become liable to pay LD -
Liquidated Damages, rather shall have extension of the time of delivery. Because the circumstances/events which forced
to prevent the supplier from supplying the stores are beyond his control.
·
Such situations - The supplier shall notify the
Purchaser i.e., Indian Railways within21 days and 30 days for Stores contracts and Works
contracts respectively from commencement thereof with reasonable evidence thereof.
·
Such cases - Either
party shall have the option to terminate the contract on expiry of 60 days and 120
days for Stores contracts and Works contracts respectively of
commencement of such force majeure without financial repercussion on either
side.
·
Action on this clause is equally can be taken by
the purchaser i.e., Indian Railways, if Force Majeure situation affecting the
Railways.
Friday, July 19, 2019
Tuesday, July 9, 2019
Railway Budget 2019-20 - At a glance
2019-20 Railway Budget - At a glance
Click here for Railway Board link
Statement
of Receipts & Outgoings of Indian Railways - 2019-20
|
|||||
Outgoings
|
Amount ( Rs. in Crs)
|
SN
|
Receipts
|
Amount ( Rs. in Crs)
|
|
OWE - Ordinary Working Expenses - Net
|
155000
|
1
|
Gross Traffic Receipts
|
216675
|
|
Appropriation to Pension Fund
|
50000
|
2
|
Misc Receipts
|
260
|
|
Appropriation to Depreciation Reserve Fund
|
500
|
||||
Misc Expenditure
|
2400
|
||||
Appropriation to Capital Fund
|
3035
|
||||
Appropriation to Development Fund
|
1000
|
||||
Appropriation to RRSK - Rashtriya Rail Sanraksha Kosh
|
5000
|
||||
Total
|
216935
|
Total
|
216935
|
2019-20 Railway Budget
|
Rs. In Crores
|
Percentage
|
Coaching earnings
|
62000
|
29
|
Goods earnings
|
143000
|
66
|
Sundry other earnings
|
11575
|
5
|
Gross Earnings
|
216575
|
100
|
Bifurcation
of
Gross Working expenses -2019-20
|
||
Category
|
Rs. In Crores
|
Percentage
|
Genl Suptd & Services
|
8851
|
4
|
Repairs & Maintenance of Railway
Assets
|
48456
|
24
|
Operating Expenses
|
79161
|
38
|
Staff welfare
|
7915
|
4
|
Miscellaneous
|
8253
|
4
|
NPS- New Pension Scheme
|
2713
|
1
|
Appropriation to DRF - Depreciation
Reserve Fund
|
500
|
1
|
Appropriation to Pension Fund
|
50000
|
24
|
Gross
working expenses
|
205849
|
100
|
OR- Operating Ratio for Indian Railways - 2019-20
Operating Ratio formulae = Gross Working Expenses / Gross Earnings x 100
Operating Ratio for 2019-20 = 205849/216575 x 100 = 95.05 % ( say 95% )
2017-18 Actual
|
2018-19 Revised
|
2019-20 Budget
| |
OR (%)
|
98.4
|
96.2
|
95.0
|
Sub Major Head under Major Head 3002
|
Erstwhile Demand No
|
Rs. In Crores
|
Percentage
|
1
|
3
|
8851
|
4
|
2
|
4
|
16007
|
8
|
3
|
5
|
6952
|
3
|
4
|
6
|
16561
|
8
|
5
|
7
|
8936
|
4
|
6
|
8
|
15716
|
8
|
7
|
9
|
30670
|
15
|
8
|
10
|
32775
|
16
|
9
|
11
|
7915
|
4
|
10
|
12
|
8253
|
4
|
11
|
13
|
2713
|
1
|
12
|
14
|
50500
|
25
|
Gross working expenses
|
205849
|
100
|
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