IRFA - Indian Railway Financial Adjustments
Short notes question in
2016 Books & Budget (with books)
● Para 869 of Indian Railway Finance Code Volume one.
● Relates to the Receipt / Charges on account of Adjustments carried amongst Zonal Railways on account of A) Repairs B) Maintenance & C) Depreciation in respect of Rolling Stock (Locos & Coaches only) of One Zonal Railway used in other Zonal Railways.
●
In respect of transactions/adjustments of
Wagons, IRCA - Indian Railways Conference Association will take care of it.
●
Such mechanism i.e., IRFA, is necessitated to
perform Zonal Railway as a "Profit Centre" to calculate the
"Operating Ratio" in its truest sense to assess their (Zonal Railway)
performance.
●
Chargeable to SMH - Sub
Major Head No. 7 (erstwhile Demand No.09)
-09-750-33
● Zonal Railways are responsible for raising charges on other Zonal Railways.
●
Basis for calculation - Locos :
i.
Unit cost based on the total engine hour on outage basis (i.e.
from the time it leaves from the shed & till it returns to the shed) earned
by the engines on the using Railway.
ii. It should be ensured that the constituent elements of
the debit viz., repairs and maintenance, and depreciation charges are shown
under relevant heads.
● Basis for
calculation - Coaches:
i. The
credit/debit adjustments should be worked out on the basis of kilometers earned
through rakes/passenger coaches running on more than one railway system.
Vehicle kilometers in respect of through
coaches should be worked out on the basis of the working time table periods and
the rake links.
ii. Ensured that the three distinct constituent elements,
viz., Repairs, maintenance and Depreciation charges shown separately. Unit cost
should be worked out by the Zonal Railways separately for each of these
constituent elements per vehicle kilometre and the individual rates should be
applied.
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