Question papers of 2003 year, 2004 year, 2008 year, 2011 year and 2013 year
Tuesday, February 25, 2020
Sunday, February 9, 2020
NIF - National Investments Fund
NIF - National
Investments Fund
·
One of the
sources of finance for Indian Railways Capex - Capital Expenditure
·
Established in 2005
·
Maintained by :
DIPAM - Dept of Investments & Public Asset Management
·
Credits: Proceeds from disinvestment of CPSEs
- Central Public Sector Enterprises.
Initially the proceeds are kept under Public Account of India.
·
Corpus(Amount) of NIF - Permanent nature. That means
the money with the NIF is permanent in nature and is professionally
managed to provide returns (income) to the Government without depleting its
value (corpus)
·
Managed by : Professional Managers such as SBI
Funds Managment pvt ltd, UTI Asset Management Company ltd, LIC Mutual Fund
Asset Management Company ltd.
·
NIF income- utilised
for the following purposes.
1.
Subscribing - shares being issued by the CPSE on
Rights basis or Preferential allotment of shares as per SEBI regulations ( to ensure 51% ownership by the Govt)
2.
For capital infusion in Public Sector Banks
& Public Sector Insurance companies to meet BASEL III norms.
3.
Investments in Regional Rural Banks/NABARD-
National Bank for Agriculture & Rural Development/EXIM Bank - Export -
Import Bank/IIFCL - India Infrastructure Finance Company Limited.
4.
Equity infusion in Metro Projects
5.
Investment in Bhartiya Nabhikiya Vidyut Nigam
Limited (BNVNL) & Uranium Corporation of India Limited.
6.
Investment in
Indian Railways towards Capital Expenditure.
&&&&
CRIF - Central Road & Infrastructure Fund
CRIF - Central Road
& Infrastructure Fund
·
One of the Sources of
Finance under Capital Expenditure (Capex) of Indian Railways
·
Rs. 18,500 Crores -
allocated to Capex of Indian Railways in 2020-21 Budget (Rs. 15,250 Crores in
2019-20) - Usually spend on LC Gates and ROB/RUBs under Plan Heads 2900 & 3000 through RSF - Railway Safety Fund. CRIF is the main source for RSF.
·
Established in 2000 (The
Central Road and Infrastructure Act, 2000)
F
·
Old name is CRF -
Central Road Fund
·
Managed by Dept of Economic Affairs (DEA) under
Ministry of Finance. (Previously it is under Ministry of Road Transport &
Highways)
·
Source of Fund - Levy & collect by way of Cess, a duty of
excise and duty of customs on Petrol and Diesel (in 2018-19 - Rs. 1,13,000 Crores collected). It is approximately Rs. 10 per liter of
Diesel / Petrol.
·
Object: To
finance infrastructure projects such as Railways, Inland Waterways, Roads &
Bridges, Ports, Shipyards, Urban Public Transport, Energy, Water &
Sanitation, Communication & Social infrastructure (educational institutions)
·
Ministerial panel on CRIF - 4 Ministers (of Finance,
Railways, Road transport & Highways, HRD) - for allocation of funds under
CRIF
·
The 15-member sub-committee has Secretaries from
different Ministries - Examine and evaluate proposals received from Ministries
on infrastructure projects.
****
2020-21 Railway Budget financials
2020-21 Railway Revenue Budget - Financials
click for Statement of Railway receipts and Expenditure Budget 2020-21
click for Statement of Railway receipts and Expenditure Budget 2020-21
SN
|
Receipts
|
Amount
(Rs. in Crores)
|
Percentage
|
SN
|
Expenditure
|
Amount
(Rs. in Crores)
|
Percentage
|
|
1
|
Coaching Earnings
|
67500
|
30 %
|
1
|
Ordinary Working Expenses
|
163157.17
|
75 %
|
|
2
|
Goods Earnings
|
147000
|
65 %
|
2
|
Appropriation to DRF
|
800
|
1 %
|
|
3
|
Sundry Earnings
|
11013
|
5 %
|
3
|
Appropriation to Pension Fund
|
53160
|
24 %
|
|
4
|
Gross Earnings (1+2+3)
|
225513
|
100 %
|
4
|
Gross Working Expenses (1+2+3)
|
217,117.17
|
100 %
|
|
5
|
Suspense
|
100
|
5
|
Suspense
|
- 404.17
|
|||
6
|
Gross Receipts (4+5)
|
225613
|
6
|
Gross Expenditure (4+5)
|
216713
|
|||
7
|
Misc Receipts
|
300
|
7
|
Misc. Expenditure
|
2700
|
|||
8
|
Total Receipts (6+7)
|
225913
|
8
|
Total Expenditure
|
219413
|
Net Revenue = Total Receipts
- Total Expenditure
Net Revenue = 225913 - 219413
Net Revenue = 6500
Rs. 6500 Crores Net Revenue
is appropriated to
1.
Development
Fund - Rs. 1500 Crores
2.
RRSK -
Rashtriya Rail Sanraksha Kosh - Rs. 5000 Crores
Nil appropriations to Capital
Fund and RSF - Railway Safety Fund
Operating Ratio = Gross Working
Expenses / Gross Earnings x 100
Operating Ratio = 217117.17 /
225513 x 100
Operating Ratio = 96.28 %
Highest & Lowest Operating
Ratio of Zonal Railways
Zonal Railway
|
OR
|
Rank
|
Metro Railway, Kolkata
|
250.3
|
HIghest
|
Eastern Railway, Kolkata
|
171.1
|
Second Highest
|
East Coast Railway, Bhubaneswar
|
50.9
|
Lowest
|
South East Central Railway, Bilaspur
|
52.3
|
Second Lowest
|
Single Demand Number for Ministry of Railways - 83
Single
Demand Number for Ministry of Railways is 83
(as
per Budget documents 2020-21)
Note:
The
reason why the Government changes the number of Demand pertaining to Railways
is not clear. Initially i.e., when Railway Budget was merged with General
Budget in 2017-18, Single Demand No. 80 was allotted for Railways. Subsequently, 80 was changed to 81, again changed to 82. Finally as per latest budget documents of
2020-21 year, it is again changed to 83.
May be due to intervening of some new ministries/ depts and alphabetical order are the reasons for such change.
May be due to intervening of some new ministries/ depts and alphabetical order are the reasons for such change.
Union Government of India - Demands for Grants
Total number of Demands for Grants for all Ministries - Government of India - 101
Total number of Demands for Grants for all Ministries - Government of India - 101
·
54 Ministries
-101 Demands for Grants
·
Demand Numbers assigned to the Ministries as per
alphabetical order. For example,
Agriculture ministry Demand Numbers are 1 & 2. Atomic Energy Demand number is 3. Last Demand Number 101 is assigned to Youth
affairs & sports.
·
Summary of Demands for Grants of Union of India
Ministry
|
Number of Demands
|
Finance
|
12
|
Home Affairs
|
11
|
Defence
|
4
|
Railways
|
1
|
Other Ministries (50)
|
73
|
Total
|
101
|
Thursday, February 6, 2020
Sunday, February 2, 2020
Stock Sheets
Stock Sheets / Stock Verification
Sheets
·
Source: Stores Code Chapter 12
·
Whether book balances of Stores agree
with physical balances? This is the item
to be replied while submitting Annual Statement of Stores transactions of Zonal
Railway to Railway Board duly signed by PFA and PCMM.
·
Object: To achieve the above object, an
independent stock verification is to be done by Accounts Stock Verifiers
(ASVs).
·
To brought out the discrepancies between Ground balances and
Ledger balances of the stores
·
Prepared by SV - Stock Verifier
·
prepared in triplicate from the Field Book of SV in Form
No. S 1260
·
A Stock Verification Report has to be prepared at the time of
posting the Priced Ledger showing the book balance, the ground balance as per
the Stock Sheet and the excess / shortage, if any.
·
Numbering of Stock sheets serially for each unified group of
stores
Instructions:
1.
Stock sheets / Stock
Verification Reports for different categories and qualities of stores should be
clearly so marked.
2.
Entries should be made on one
side only.
3.
Space of 1 or 2 lines - Between two entries
4.
Ensure that all the entries in
the Field book are carried to Stock sheets or not, by giving cross
reference to the field book number and
its page & item number.
5.
The columns of PL Balances, Rate
& Value - filled up by Accounts
Office at the time of posting of Priced Ledgers (PL)
6.
For items that have not
verified - Remarks such as 'Average
weighment', ' Measurement' , ' book balance accepted' should be given in the
remarks column.
7.
Signed by the Stock Verifier (SV)
and Subordinate incharge of the Stores verified such as DMS - Depot Material
Superintedent.
8.
Adjustment / Supplementary
Stock Sheets - Quantities that found subsequent to their verification.
9.
All stock sheets should be
entered in manuscript register in Form S 3261
10. Finalized - within 6 months.
11. In case, the responsible staff for shortage is to retire, this
matter should be finalized before his/her retirement.
12. The Stock sheets and the
explanations there on should be scrutinized by the Sr.ISA (Sr Inspector of
Stores Accounts) to see that every discrepancy has been explained or not. Further explanations should be called for in
regard to remarks that are unsatisfactory. "Accounts Note" will be
issued in such cases.
13. The explanations should be represent facts, clear, intelligible
and definite.
14. In case of analogous/similar items (where sizes only differ) -
adjustments i.e., excess in one category adjusted into shortage of another
category may be passed up to 2 % of the transaction since the date of last
verification.
15. Cost of the missing articles is invariably recovered from the
responsible staff and the same should be noted in manuscript register of
recoveries in Form No. S. 3263
Items
|
Shrinkage
admissible Percentage
|
1. Chalk, White
2. Pumice 3. Asbestos packing |
Not more than 2.5%
moisture
|
4. Coir, loose.
5. Coir, yarn 6. Cotton , raw 7. Cotton , spun 8. Cotton, waste 9. Gum country 10. Jute, country 11. Jute, gasketing 12. Log line 13. Ropes 14. String, scotly 15. Wool, Worsted |
Not more than 5%
|
16. Band, Catgut
17. Brooms, Goa 18. Cane, split 19. Hides and leather goods 20. Moonj, Raw 21. Moonj, Raw 22. Soap |
Not more than 10%
|
·
Additional items (for above shrinkage percentages) may be added with the approval of the General manager.
Additional items (for above shrinkage percentages) may be added with the approval of the General manager.
Accounts Note:
·
Incorporated - All
discrepant items for which satisfactory explanations have not been offered by
the executive
·
Form S 3266
·
Care should be taken to
group all items of similar nature where identical information is required
·
The salient features of
each case of discrepancy should be pointed out in the form of Accounts Notes
·
Submitted to Stores
Accounts Officer for final disposal.
·
Monitoring and control
of Issue Notes - A manuscript register of Accounts Notes in Form No. S. 3267 -
maintained with separate part for the various divisions/depts/depots.
·
The date of final
disposal should be noted in the above register.
·
Register of Important
Irregularities detected by Stock Verification staff to incorporate the result
of the internal check. Maintained in the Accounts Section. - To facilitate the
preparation of the memorandum of results of internal check required to be
submitted to the Railway Board.
·
Half - yearly Report
to GM - on General review of Stock Verification work
·
Depot Stock Sheets -
Prepared by Stores Depots. The object
and disposal is as same as of Stock Sheets prepared by Accounts Dept.
****