Key points - CBT - LDCE by NAIR 20.11.2022
16 Zonal Railways and 7 Production Units has covered
BLW and RDSO have not been covered.
AME Post - Highest - 15 Zonal Railways / PUs
ASTE Post - Lowest - 6 Zonal Railways / PUs
Eastern Railway - Highest Departments - 8 (except ASTE)
Approximately 15k candidates appeared the LDCE Examination
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PFMS - Public Finance Management System
A web based online software application
Developed and implemented by CGA - Controller General of Accounts, Department of Expenditure, Ministry of Finance, Government of India
Started in 2019
Object: Tracking funds released under all Plan schemes of Government of India & real time reporting of expenditure.
Covers all payments, Exchequer control, all receipts, compilation of accounts, preparation of Fiscal Reports
Interface with the treasury system of all the 28 States and 2 UTs with legislatures.
Integrated with the core banking system of over 300 Banks in the country.
Interface with the NPCI - National Payments Corporation of India
Key takeaways for MCQ
PFMS stands for Public Finance Management System
Launched in 2019
Developed and maintained by CGA, Department of Expenditure
CGA stands for Controller General of Accounts
CGA is a Principal Accounting Officer to the Government of India. (Apex accounting authority in Government of India)
Old name of PFMS is CPSMS - Central Plan Scheme Monitoring System.
NPCI stands for National Payments Corporation of India
Option Clause in Stores Contracts
Source: Railway Board letter dated 04.03.2022 Click here for download
Para 3800 of IRS Conditions of Contract Click for download
Applicable for all tenders wherever specifically mentioned in the tender as Special condition.
For Fixed Quantity Contracts only
The purchaser (i.e., Railways) reserves the right to increase the order quantity by a quantity not exceeding 30 % of the ordered quantity.
Provision of Minus 30 % Option Clause shall not be inserted in the Tenders.
Minimum Purchase value is Rs. 1.5 Crores
There is no bar to include this clause for below value of Rs. 1.5 Crores, if accrues the benefits to the Railways.
Example: As per contract, the quantity ordered is 100 Nos. Under this clause, Purchaser has the right to increase up to 130 Nos depending on the requirements.
Same price, same terms & conditions are applicable.
During the currency of the contract including extension period, if any.
Before resorting to such an increase, reasonable notice and time should be given to the contractor/supplier.
Railways can resort to increasing the quantity, though the contractor/supplier who delivered the ordered quantity has been supplied in full before the last date of delivery.
Approval of Option Clause: While deciding the acceptability of Tenders/Contracts, the value of +30% quantity will be excluded from the value of Tenders for determining the level of Competency of sanction.
Performance of the firm on whom option is proposed to be exercised should be satisfactory.
Operated only where there is clear demand for additional quantities and benefits accrue to Railways in terms of existing contractual rates being reasonable or lower than newly opened tendered rates, if available.
Operation of Option Clause:
TC cases - Finance Concurrence is not required. By Competent authority within his powers of Tender acceptance (original quantity plus 30 % under option clause. Operation of plus 30% clause, Finance vetting of modification advice is required.
Non TC cases - Finance concurrence is required -If the value of contract (including plus 30%) is within vetting limit of PO - Purchase Order.
Key Takeaways:
Plus 30 % only
Minimum purchase value : Rs. 1.5 Crores
There is no bar to include this clause for below value of Rs. 1.5 Crores, if accrues the benefits to the Railways.
Same Price and Same conditions
Applicable to extended date of delivery
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GFR - General Financial Rules, 2017
Nageswara Rao 9492432160
Click for GFR 2017 with amendments up to 31.07.2022
Railway Board vide its letter No.2017/ F(X)II/PW/R dated 09.02.2018 advised all concerned to refer the rules under the GFR- General Financial Rules, 2017 and used them as broad principles while making financial decisions.
Indian Railways being part of Govt of India, it is incumbent on Indian Railways to refer GFR in discharging financial powers.
Although, historically processes have evolved on Indian Railways considering operational requirement of field, however, with merger of Railway Budget with General Budget, any substantive deviation from GFR has become part of reporting through the monthly PCDO by respective PFAs to Member Finance /Indian Railways in order to reporting to Ministry of Finance.
Issued by the Ministry of Finance, Dept of Expenditure.
Consists of 208 pages and 12 Chapters.
First GFR in 1947. Then Revised in 1963 and 2005.
What is the Need of Revised GFR in 2017 ?
1. Removal of distinction in non-plan and plan expenditure.
2. Merger of Railway Budget with General Budget in 2017-18.
3. Focusing on outcomes through an improved Outcome Budget document.
4. Reliance on DBT - Direct Benefit Transfer scheme to ensure efficient delivery of entitlements.
5. Introduction of new e-sites like Central Public Procurement Portal, GeM Government e-Marketing portal, Non-Tax Revenue portal.
6. Increased focus on the Public Finance Management System(PFMS).
Key Takeaways - For MCQ
1. First GFR – 1947
2. Latest GFR – 2017
3. GFR stands for General Financial Rules
4. PFMS stands for Public Finance Management System.
5. Any substantive deviation -
At Zonal Level - Brought to the notice of Member Finance by PFA.
At Board level – Brought to the notice of the Ministry of Finance by Member Finance.
6. DBT stands for Direct Benefit Transfer
7. Removal of distinction in non-plan and plan expenditure
8. Total Number of Chapters in GFR = 12 (total pages 208)
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