Railway Accounts Department Examinations

Monday, March 13, 2023

Excess Grants

 


Excess Grant - Regularisation of Excess Expenditure


  • Authority: Article 115 of the Constitution of India


  • Excess grants are made when the expenditure has been incurred after a Financial Year has expired. 


  • Actual expenditure incurred (out of Consolidated Fund) in excess of Grant voted by the Parliament will be regularised by: 


  • Reasons to be fully explained by the spending authorities. 

  • On the recommendation of PAC as a result of scrutiny of Appropriation Accounts of Railways and Audit Report of CA&G.  

  • Presented after obtaining the recommendation of the President of India. 



—-end—-


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Shri Sun Shyam Singh, SSO(A)/Malda, ER  - Accounts Dept



Shri Gaurav Chandan, SSO(A)/Baroda House/New Delhi, NR - Accounts Dept

Shri Nagendra, CDMS/Hubli, SWR - Stores Dept



Shri Dhananjaya Mishra, CRS, IRITM, Lucknow  - Commercial Dept







Smt Laxmi Iyer, SSO(A)/Nagpur, SECR - Accounts Dept



Smt Gomathi Balaji, SSO(A), Chennai, SR  - Accounts Dept



Shri Shravan Kumar, SSO(A), BLW, Varanasi - Accounts Dept



Shri Ravi, AFA, Allahabad, NCR  - Accounts Dept



Shri Sayantan Saha, JAA, Rangiya, NFR  - Accounts Dept


Smt Vibha, AA, Mumbai, CR  - Accounts Dept



Smt Vijaya Durai, AFA, Hubli, SWR  - Accounts Dept



Shri Prahlad Kumar, SSE, JMPW, ER - Mechanical Dept



Shri Dharmaraja, AA & Shri Dhasarathan, AA of Salem, SR - Accounts Dept




Smt Sujitra, SSO(A), Madurai, SR - Accounts Dept

Shri Niraj Singh, SSO(A), Hazipur, ECR  - Accounts Dept 



Shri Ankit Verma, AWM, RCF, Kapurthala - Mechanical Dept


Shri Balyogeshwar Prasad, Commercial Inspector, Howrah, ER - Commercial Dept


Shri  Rajesh Kak, SSO(A), RCF, Kapurthala - Accounts Dept


Smt Laxmipriya, SSO(A), Madurai, SR - Accounts Dept



Shri Sreevalsan, Sr. TIA, SR - Accounts Dept


Ms Heena Rani, AA, Hubli, SWR - Accounts Dept

Shri Pratap Kumar, SSO(A), Palghat, SR - Accounts Dept



Thursday, March 9, 2023

Advances to Contractors


Advances to Contractors


  • 1264 E -Para No.64 of the 12th chapter of the Indian Railways Engineering Code   

 

  •  ACS (Engineering Code ) 58 dated 27.04.2022  Click here  

 

Salient features: 


  • As far as possible abstain from giving advances to Contractors.  That means No payment is made except for work actually done. 


  • GMs may, however, sanction subject to


  1. Within the delegation of powers of GM

  2. Works should be capital intensive. 

  3. Works should be specialized in nature.  

  4. The estimated value of the Tender should exceed Rs. 50 Crores (Exception: for Advances in exceptional cases - There is no minimum value.)


Advances to Contractors - 4 kinds 


SN

Advance to 

Contractors

Maximum Advance

Minimum value of Tenders

Other features & conditions

1

Mobilization Advance

10 %  of the Contract value

Above Rs.50 Crores

Stage I -  5% (on signing the Agreement)

Stage II - 5% - on submission of utilization certificate of Stage I advance by the Contractor and mobilization of site establishment, setting up offices, bringing in equipment and commencement of work 


Irrecoverable Guarantee (Bank Guarantee from Nationalized Bank,  FDR, KVP, NSC)  for 110% of the value of sanctioned advance (covering principal & Interest) 

2

Against Machinery & Equipment

10 % of the Contract value 

 Or 

75% of the Purchase price

Whichever is less

Above Rs. 50 Crores

Hypothecated to the President of India by a suitable Bond 

Or  

Irrecoverable Bank guarantee for full cost of Plant & Equipment from Nationalised Bank

  

Insured for the full value for the entire period of completion of work. 


Against New one 


Shall not be removed from the site without the permission of the Engineer 

3

Accelerating progress of the work

5% of the Contract value

Above Rs.50 Crores

Decided on the merits of each case 


Recommended by Engineer and consultation with the associate finance


No extension of Date of completion on account of Contractor 


Irrecoverable Guarantee (Bank Guarantee from Nationalized Bank,  FDR, KVP, NSC)  for 110% of the value of sanctioned advance (covering principal & Interest)  

4

Exceptional cases

Rs. 20 Lakhs

For all contracts (no minimum limit)

Decided on the merits of each case 


Recommended by Engineer and consultation with the associate finance


Irrecoverable Guarantee (Bank Guarantee from Nationalized Bank,  FDR, KVP, NSC)  for 110% of the value of sanctioned advance (covering principal & Interest)  



Other features:  


  • Interest rate to be decided by the Railway Board at the beginning of the Financial Year.  The same will be applicable to the tenders to be opened in that Financial Year.  

 

  •  The recovery shall commence - When the value of the contract executed reaches 15% of the original contract value 

 

  •  The recovery shall be complete - When the value of the work executed reaches 85% of the original contract value. 

 

  •  The installments on each "on account bill" will be on a pro-rata basis; 

 

  •  Grant of advance is primarily in Railway's own interest 

 

  •   Not eligible - same Advance for same work from different officers. 

 

  •   Accounts Office - responsible for payment & recovery of such advances.


Recovery of Interest:


  •  Interest shall be recovered on the advance outstanding for the period commencing from the date of payment of advance till the date of the particular on-account bill 

 

  •  Adjusted fully against the on-account bill along with pro-rata principal recovery.  


Key Takeaways for MCQ 


  1. 12th Chapter (Para 64) of Engineering Code and ACS 58 dated 27.04.2022 


  1. The estimated value of the Tender - should exceed Rs. 50 Crores (However this rule will not be applicable for Advances in exceptional cases.) 


  1. Exceptional cases - Maximum Advance is Rs.20 Lakhs.   


  1. Mobilisation Advance  - Two stages (each stage 5%) - Maximum is 10% of Tender Value. 


  1. Advance against Machinery & Plant  - Maximum Advance is 10 % of Tender Value or 75% of purchase price whichever is less.  


  1. Advance for accelerating progress of work  - Maximum Advance is 5% of Contract Value.  


  1. All kinds of Advances except against Machinery & Equipment -  Irrecoverable Guarantee (Bank Guarantee from Nationalized Bank,  FDR, KVP, NSC)  for 110% of the value of sanctioned advance (covering principal & Interest)  


  1. Recovery shall commence - the value of the Contract executed reaches 15%  of the original Contract value and shall be completed when the value of the contract reaches 85 % of the Original Contract value. 

***


Tuesday, March 7, 2023

BPT - Blank Paper Ticket

BPT - Blank Paper Ticket

 

Source: Chapter 2 of Commercial Manual



  • When tickets are required to be issued in the exchange of concession orders, and Police Warrants etc.

 

  • Issued in Local & through booking (separate series) 



  • Machine numbered 



  • Distinct colours for different value ranges, as shown below—

 

Value range

Colour

Up to Rs. 10 (inclusive)

White

Rs. 10 to Rs.30

Yellow

Rs. 30 to Rs. 50

Pink

Above Rs.50

Green

 

  • Entries in BPT - Block capitals 

 

  • Amount in BPT - Bold figures 

 

  •  Prepared in Double sided carbon 

 

  • Letter R in Red bold type  -  For Return tickets 

 

  • 3 foils  (1-Accounts, 2-Passenger & 3- Station Record)

 

  • Each BPT - Only One Passenger (Adult or Child) 

 

  • At times of heavy rush, One BPT for a party of more than 4 persons will be issued (for the purpose of Reservation)  - Separate series of tickets with White colour (regardless of value range) 



  • The upper limit of the value of tickets should be written in the space provided for the “ value under Rs________” .  For example, if the fare is Rs. 120 /-, the value under Rs. 121 /- will be shown. 

 —---end—---