Railway Accounts Department Examinations

Sunday, February 2, 2020

WMS - Workshop Manufacturing Suspense Budget

Click for PDF copy of the WMS Budget

WMS Specimen Budget for the year 2020-21 of XYZ Railway

SN	Debits	Inner column	Amount (Rs.)	SN	Credits	Inner column	Amount (Rs.)
A	Opening Balance as on 01.04.2020
	i) Works in Progress	15
	ii) Amount outstanding for realisation - scrap	5
	iii) Bills to be raised for completed works	10
	Total (i + ii + iii)	30	30

B	Debits during the year (2020-21)			E	Credits during the Year (2020 -21)
	i) Wages to Labour	120			i) To Works	35
	ii) Material -Stores suspense (Depots)	100			ii) To Stores Suspense	115
	iii) Materials - Direct purchases	75			iii) To Revenue Demands of Home Railway (Labour & Materials)	130
	iv) Materials - Adjustments	15			iv) To Revenue Demands of Foreign Railways (Labour & Materials	25
	v) Contracts	10			v) To RSP - Rolling Stock Programme	20
	vi) Energy charges (Electricity)	5			vi) To Deposit Works for outsiders	5
	Total ( i to vi )	325	325		Total ( i to vi)	330	330

C	Deduct for Issues from WMS to Services/Works - within the Demand (2020-21)			F	Deduct for Issues within the Demand		(-) 50
	i) Issues to Works	35
	ii) Issues to Stores Suspense	15
	Total ( i + ii )	50	(-) 50

D	Total Debits during the Year (2020-21) B - C	325 - 50	275	G	Total Credits during the Year (2020-21) E -F	330 - 50	280

				H	Closing Balance as on 31.03.2021
					i) Works in Progress	15
					ii) Amount outstanding for realisation	5
					Iii ) Bills to be raised for completed works	5
					Total ( i + ii + iii)	25	25

E	Grand Total ( Opening Balance + Total Debits during the Year)	30 + 275	305	I	Grand Total (Total Credits during the year + Closing Balance)	280 + 25	305

· Budget Allotment required under WMS (Plan Head 7200 ) for XYZ Railway of the

Year 2020-21 is Rs. 275 /- (Total Debits during the year under Sl.No. D).

The Principle is Gross Budgeting. Credits should be shown as footnotes under the

Demands for Grants.

Indian Railways - Budget 2020-21 Highlights

Indian Railways - Budget 2020-21 Highlights

· Financials

Segment	Target (Rs. in Crores)	Percentage
Coaching Earnings	61000	27
Goods Earnings	147000	65
Sundry Earnings	17613	8
Gross Earnings	225613	100

· Capex - Capital Expenditure - Rs. 1,61,000 Crores

· Budgetary support - Rs. 70,000 Crores (44% of Total outlay)

· Freight target - 1265 Million Tonnes

· Operating Ratio - 96.2 % (2019-20 Revised - 97.5%)

· Salary payout - Rs. 93,000 Crores (Approx) - 43 % of Total Working Expenses

· Eliminated unmanned Level Crossings

· Setting up of large solar power capacity alongside the Rail tracks

· Redevelopment of 4 Railway Stations . They are 1. Chandigarh 2. Surat (Gujarat) 3. Anand Vihar (New Delhi) 4. Bijwasan (New Delhi)

· Already in progress - Habibganj (Bhopal)- WCR - 93 % completed and Gandhi Nagar (Gujarat) - WR - 91 % completed

· 150 Passenger trains - Private players.

· HSR - High Speed Rail Project between Mumbai to Ahmedabad - to be complete by 2023

· Bengaluru Suburban Transport Project -148 Kms - Rs. 18,600 Crores (20 % equity by Central Govt. and Up to 60 % by External assistance) - Fares on Metro model (So don't expect subsidized fares like in other suburbans i.e., Mumbai, Hyderabad etc. )

· More Tejas type trains

· Kisan Rail through PPP - for carrying of perishable products like milk, meat,fish etc through Refrigerated coaches attached to Passenger and Goods Trains.

· Electrification as on 01.04.2019 - Indian Railways Network - in Route Kilo Meters (RKMs)

Total	Broad Gauge	Electrified
69182 RKMs	64298 RKMs (93 % of Total Track)	35488 RKMs ( 55 % of BG Track )

· Achieve electrification of 27000 kms of track

India - Budget 2020-21

(Rs. in Crores)

Segment	Receipts	Expenditure
Revenue	2020926	2630145
Capital	1021304	412085
Total	3042230	3042230

Thursday, January 30, 2020

NINFRIS - New, Innovative Non Fare Revenue Ideas Scheme

NINFRIS - New, Innovative Non Fare Revenue Ideas Scheme

· New scheme - to increase Non Fare Revenue

· Announced by Ministry of Railways in 2018. Click here for Railway Board letter on NINFRIS

· Object: Promote new ideas and concepts for enhancement of NFR (Non Fare Revenue) and improve passenger convenience on IR

· To classify an idea/concept as innovative - a similar proposal should not have been implemented on the concerned Division before.

· Replication - Divisions are encouraged to report success of such ideas and give wide publicity for possible replication across Indian Railways.

Salient features:

ü At Divisional level

ü DRM – Divisional Railway manager -Full powers.

ü Nodal Officer – Branch officer of Commercial Dept (Sr.DCM / DCM)

ü Committee of Branch Officers of Commercial Dept, Finance Dept and Dept holding the assets to be used scrutinizes the proposals received and recommended to DRM for approval.

ü Terms & conditions of the Agreement are accepted by the such committee with the approval of DRM

ü Savings in expenditure if any, is added notionally as “deemed earnings” for the purpose of evaluation of project.

ü Token non Refundable application fees Rs. 1000 – should be accompanied to each proposal. Object of levying such fees is to avoid non serious ideas/concepts.

ü Based on the importance of the proposal, DRMs are authorize to decide the EMD – Earnest Money Deposit of not less than Rupees 10,000 /-

ü Projects may be executed directly by the Divisions using their own manpower or through any Railway PSU or outside agencies such as NGO – Non Governmental Organisation, SHG – Self Help Group, Cooperative society etc.

ü Period – One year or part there of. Can be extended beyond one year with the approval of DRM. If Extended, Licence fees for extended period may be decided depending on the realization of the earnings of the Project.

Safeguards/Precautions

· Should not be political or religious in nature.

· No permanent structure should be constructed

· Not violating the norms of aesthetics, environmental concerns, decongestion, safety and security, free movement of passengers, sanitation standards, temporary structures, fire, safety etc as prescribed under Railway rules.

Success Stories - NINFRIS

1. Paid Gaming fun zone opens at Visakhapatnam Railway Station for passenger convenience. Rs. 3.6 Lakhs per Annum.

2. Health check kiosk was established at Kacheguda on payment basis.

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Railway Accounts Department Examinations