How to crack the Examination

Note:

1.   Lot of prospecting candidates who are ready to appear the next Appendix III (IREM) examination are requested me to tell the tips to crack the examination. These tips are just illustrative and general in nature, not exhaustive.

2.                       I advise the candidates to design their own plan, depend on their knowledge, skills, comfortability etc. Because every human being is unique.   

How to Crack the Examination

Ø Make familiar with the syllabus and keep the same on study table.

Ø  Collect the hard copy of Study material. Take print of all soft copies. It’s one time investment.

Ø  Don’t depend on soft copy of the material in the computers.  It remains there. Not move into your brain.

Ø  Practice, practice and practice is what you need. There are no shortcuts to success.

Ø  Group Study is the best idea , if like-minded friends are writing the same examination.

Ø Preparing Notes is wonderful strategy. I assure you 100 %, that this single tip will sit you in the list of successful candidates.

Ø Turn off your gadgets i.e., Mobile, TV, Computer etc as far as possible.

Ø Stay away from Social networking like Whatsapp, Facebook etc as much as possibl.e. ( I agree, it’s not possible.  At least distance from them during study time)

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Railway Budget

Railway budget preparation from Nageswara Rao M

PSB Suspense

PSB SUSPENSE (Public Sector Bank Suspense)

v  It is a new sub head under Major Head 8658 - Suspense Accounts introduced w.e.f October, 1993.

v  Object: to watch the adjustments of Railway transactions in the Banks (both Debit and Credit) - except Pension payments.

v  It is operated for clearance of Cheques & Bills suspense head and RIB-Remittance Into Bank suspense head.

 Cheques & Bills  and PSB Suspense

v  When Individual cheques are encashed: Public Sector Bank branches forward (through their Focal Point branch) daily main scrolls accounting for individual cheques encashed.  After verification of the statement received from focal point branch, the DMS-Date wise Monthly Statement, the amount there of will be adjusted in the accounts as under:

Date	Particulars	Debit (Rs)	Credit(Rs)
	Cheques & Bills A/c		(-) 100
	PSB Suspense A/c		100

v  When the PSBs adjust the amount of payment of encashed cheques against with RBI:

Date	Particulars	Debit (Rs)	Credit(Rs)
	PSB Suspense A/c		(-) 100
	Deposits with RBI A/c		100

v  Thus the PSB Suspense head in respect of cheques encashed will be cleared thus.

v  Similar way, the operation of PSB Suspense head is operated in respect of clearance of RIB-Remittance Into Bank.  This is shown as below.

RIB-Remittance Into Bank and PSB Suspense

v  When accounted receipts through TR-Treasury Remittance notes:  Public Sector Bank branches forward (through their Focal Point branch) daily main scrolls accounting for receipt of TR Notes.  After verification of the statement received from focal point branch, the DMS-Date wise Monthly Statement, the amount there of will be adjusted in the accounts as under:

Date	Particulars	Debit (Rs)	Credit(Rs)
	Remittance Into Bank (RIB) A/c	(-) 100
	PSB Suspense A/c	100

v  When the PSBs adjust the amount of receipts against TR-Treasury Remittance notes with RBI:

Date	Particulars	Debit (Rs)	Credit(Rs)
	PSB Suspense A/c	(-) 100
	Deposits with RBI A/c	100

v  Thus the PSB Suspense head in respect of T.R.Notes will be cleared thus.

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TENDER DOCUMENTS/CONTRACT DOCUMENTS

TENDER DOCUMENTS/CONTRACT DOCUMENTS

1.  Tender Notice

2.  Tender Schedule

3.  G.C.C – General Conditions of Contract

      ( 65 clauses)

4.  Specifications/Drawings/Samples

5.  Special conditions

6.  Schedule of Rates

7.  LOA – Letter of Acceptance

8.  Agreement

9.   Subsidiary Agreement, if any.

10.                   Termination notice, if any.

Accounts Code II - Revised (for Traffic)

After 30 years , Indian Railways Accounts Code Part 2 (deals with rules and procedures of  accountal of Traffic Receipts) has been revised and published by Railway Board on 30.08.2016.

Click here for Accounts Code Part Two 

(useful for candidates who opt for Traffic Accounts)

Accounts Code Part Two 

PDF version of Accounts code Part II

Social Service obligations - NITI Aayog report

Very analytical review of Indian Railways by NITI Aayog 
(20 pages Report)
 Click here

NITI Aayog report

Seigniorage Charges - Important short notes question

                                                 Seigniorage Charges

ü   Are reference to excavating earth moorum, sand and other minerals.

ü  Fixed by the State Government.

ü  Recovered by the Railways from the contractors from “On Account” and “Final Bills” and remitted the same to the State Government.

ü  The rates quoted by the tenderer shall be inclusive of these charges.

ü  Seigniorage may be counted as revenue for a government when the money that is created is worth more than it costs to produce it. This revenue is often used by governments to finance a portion of their expenditures without having to collect taxes. 

example   It costs the government Rs.5 to produce a Rs.100 currency note, the seigniorage is Rs.95 or the difference between the two amounts.

ü  The revised seigniorage charges as fixed by the Government in G.O.Ms. No. 331 Industries and Commerce (M-1) Department dated 21-6-2000 read with the G.O.Ms.No.466 Industries & Commerce (M-1) Department, dated 24.8.2000, may be adopted as :

Sl No.	Name of the Mineral	Rate of Seigniorage Fee
1	Building Stone	Rs. 33/- per CMT
2	Rough Stone	Rs. 33/- per CMT
3	Road Metal	Rs. 33/- per CMT

Note:

 If any change in the above rates/instructions, readers are hereby requested to bring to the  notice of the Blogger for updation.

                                                                ********

Railway Convention Committee (An Important Short Notes question)

RAILWAY CONVENTION COMMITTEE     - R C C

1988,1992,1995 (with out Books) & 1987,1990 (with Books)  - short notes

       Þ       is an ad hoc Parliamentary committee constituted from time to time on Resolution adopted by Lok Sabha and concurred in by Rajya Sabha.

       Þ       The appointment and functions of Railway Convention Committee is a part of Parliamentary control over Indian Railway Finances.

       Þ       Composition of RCC - 12 members from Lok Sabha nominated by Speaker and 6 Members from Rajya Sabha nominated by Chairman.

       Þ       The Chairman of the Committee is appointed by the Speaker from amongst the members of the Committee.

      

       Þ       After Independence, first RCC constituted in the year 1949. Since then, each Lok Sabha has been having a Railway Convention Committee.

       Þ        The Committee becomes functus officio after presenting its final Report regarding rate of dividend payable to General Revenues.

       Þ       The Report of the Committee on the Rate of Dividend is considered by the House on a Resolution moved by the Minister of Railways.

       Þ       After a Report has been presented to the House, the Ministry of Railways and other concerned Ministries are required to take action on various observations and recommendations contained in the Report. The replies of the Government are examined and an ATR- Action Taken Report is then presented to the House.

       Þ       is formed once in five years (normally with the formation of New Loksabha)

       Þ       Its rules generally applicable for a period of five years.

       Þ       R C C recommends on the following aspects:

ü Rate of Dividend payable to the General Revenues. (This may not require now, due to merger of Railway Budget with General Budget)

ü Appropriation to the D.R.F.

ü Modification of rules of expenditure allocation between Capital and Revenue.

ü How Rly Surplus (after the payment of Dividend) should be distributed among various Railway Funds.

ü To introduce flexibility in the administration of the Railway finances.

ü Accounting matters and aspects of Management practices on Railways.

ü Express views on Rolling Stock Production and any short earnings and how the same should be overcome.

ü And any other subject matter brought to its notice by the Minister of Railways.

                                   *&*&*&*&

Audit Objections and Draft Para - Very important question

Audit objections draft para & audit para in Indian Railways from Nageswara Rao M

Handwriting - Importance

Handwriting - Importance

ü  You will get additional five marks, if your handwriting is legible.  Conversely  you will lose five marks, if your handwriting is illegible.

ü  Though the hand-written letter, note or document is fast becoming a thing of past due to computers and emails, still handwriting is more important in the descriptive examinations like Appendix3A examination, LDCE etc

ü  For candidates appearing Appendix3A examination, LDCE etc., there is no need to explain again and again the importance of good handwriting in the examinations.

ü  National Handwriting day - January, 23rd . 

ü  The average human being hand-writes at 31 words per minute for memorized text and 22 words per minute while copying.

ü  Check your speed by using stopwatch and improves your speed if it falls below average.

ü  Put efforts sincerely for getting good handwriting skills along with speed writing.

ü  Browse internet for easy tips on practicing good handwriting skills or contact Shri Y.Mallikarjuna Rao, Founder & Director, National Handwriting Academy, Hyderabad. His email is handwriting56@gmail.com or mobile 09849546608 or browse the below given website link.

http://www.handwritingtoday.com/

                                                                                               

                                                                    ALL THE BEST

RSF-Railway Safety Fund - Source of Finance

   RSF-Railway Safety Fund

Ø  OBJECT:   (1) Conversion of unmanned level crossings into manned level crossings and (2) Conversion of busy manned level crossings into Grade Separator i.e., ROBRoad Over Bridge/RUB-Road Under Bridge,/FOB-Foot Over Bridge/Sub-way.

Ø Since inception of Railways, there has been policy to provide unmanned level crossings where Train Vehicle Units (TVU) are low and manned if expected TVU is on higher side. 

•  Road Over Bridge can be build over level crossings with Train Vehicle Unit (TVU) more than one lakh provided state government or local body is agreed to share 50 percent cost of the project.

ØAs on date (30.07.2016), Indian Railways have 28607 level crossings out of which,19267 (67 %) are manned and balance 9340 (33%) are unmanned. These unmanned level crossings account for maximum number of consequential train accidents.

                At present Indian Railways has deployed "Gate Mitras" (Gate counsellors) at unmanned Level Crossings on contract basis to avoid casualties.

Ø RSF created w.e.f 01st April, 2001

Ø created based on the recommendations of RCC - Railway Convention Committee, 1999.

Ø It is Non-Interest bearing Fund.

Ø SOURCES:   1.   Surplus after meeting the dividend liability in Railway Revenues.  2. Transfer of funds from CRF - Central Road Fund (12.5 % of CRF - to Railways) by the Central Government.  3. The present contribution 20 % out of the Dividends payable to RSWF - Railway Safety Works fund (operated in the books of Ministry of Finance)

Ø New Plan Head 2900 - for conversion of unmanned level crossings into manned level crossings.

Ø New Plan head 3000 - construction of ROB/RUBs in place of manned level crossings.

SRSF-Special Railway Safety Fund (Closed in year 2008)

ü  Object:   To wipe out the accumulated arrears of renewal of over-aged assets,  especially safety related ones i.e., tracks, bridges, signaling gears and Rolling stock. 

ü  SRSF has been created w.e.f   1st April, 2001  and  closed  from 1st April, 2008.

ü On closing, the balance in SRSF  Rs.597.73 Crores transferred to DRF - Depreciation Reserve Fund.

ü It is Non-lapsable and Non-Interest  bearing Fund.

ü Sources: created with an amount of Rs.17,000 Crores.  Out of this, Rs.12,000 Crores recd. from Finance Ministry in the form of Dividend Free Capital and Rs.5,000 Crores raised through by levying Safety surcharge on Passenger fares w.e.f. 01.10.2001.

ü The Safety surcharge on Passenger fares was discontinued w.e.f 01.04.2007, but subsumed in passenger fares "ON AS IS WHERE IS BASIS" and renamed as Development Fund to the DFC - Dedicated Freight Corridor.

ü carved out of the recommendations of "Railway Safety Review Committee" headed by Justice H.R.Khanna, Retd. Supreme Court Judge in the year 1998.

ü GREEN BOOK -  All SRSF works sanctioned are incorporated in the Book named as GREEN BOOK.

ü Progress/Results of creation of SRSF are mentioned below.

Renewal of	Target	Achieved	Percentage
Tracks	16538 Kms	15624 Kms	94 %
Bridges	2286 Nos	2191 Nos	96 %
Signaling gears	1448 stations	1282 stations	89 %

•  With sustained efforts in the last decade, Indian Railways have reduced the number of accidents per million train kilometers from 0.44 in 2003-04 to 0.13 in 2012-13.

ü  The creation of Second SRSF with an proposed amount of Rs.40,000 Crores is on the news.

ü So it is best time for contemplation as "Is it require SRSF's to the Indian Railways ?"   .  The simple answer is NO, as long as provide sufficient amounts to DRF - Depreciation Reserve Fund for replacement of Railway assets.

ü  Let us observe CAG remarks on SRSF  (CAG report on Railway finances of 2009-10 year)

ü  "Railways need to maintain a reserve with a minimum amount under DRF

accumulation to facilitate the timely execution of renewals with a view to

maintain the assets at the highest standard of efficiency. Accumulation of

arrears in renewal/replacement may at later stage create a need to set up

another fund (as done in the year 2001 when Special Railway Safety Fund was created) to wipe out the arrears of renewal/replacement.

Codes - Must for preparation of Appendix III (IREM) exam.

Remember, the entire examination of Appendix III (IREM) exam is based on the Indian Railways Codes on different subjects, manuals and other circulars issued by Railway Board from time to time.  Hence I request all the candidates to refer to all the Codes, especially Accounts Code, Finance Code & Engineering Code & other Codes. After that refer the guides/study material for further grasping of the subjects.


Accounts Code Volume 1

Accounts Code Volume 2 (Traffic Accounts)

Finance Code Volume 1

Finance code Volume 2 (Allocations/Classifications)

Engineering Code

Allocations/Classification of accounts - various practicals given in previous question papers of Appendix III (IREM) exam.

Practicals - Allocations/Classification examples - Previous year question papers

Click below

Allocations - Practicals


Note:

1.These allocations along with answers are contributed by Smt. Chaitali Dasgupta, SSO(A)/Gauhati.  I conveyed thanks to her behalf of all the candidates

2. The veracity/correctness of the allocations may please be checked with the help of given Finance Code Volume II through the link given below.  If at all any corrections, the same may please be brought to the notice of me.  So that the same will be corrected and published.

Finance Code Volume 2

COE - Control Over Expenditure in Indian Railways - Important question for Expenditure paper

Click below

COE - Control Over Expenditure

OLWR - No more a Source of Finance in Indian Railways

• Board(FC) has approved abolition of Allocation Head - OLWR - Open Line Works (Revenue). 
• Existing work if any under OLWR, the same may be transferred to DRF or DF as the case may be.
• As Such there is no allotment of Grant under OLWR in Demand NO.16 from the year 2015-16 onwards.
• 
  
• Necessary correction slip to the Accounts Code will be issued on receipt of approval from CGA - Controller General of Accounts and C&AG- Comptroller and Auditor General of India. 
• Reason: Insignificant expenditure under OLWR in Annual Plan of Works Expenditure.  For example in the year 2013-14 -  Rs.28 Crores expenditure under OLWR against huge Budget under Demand No. 16 (approximately around 63,000 Crores)

      Click here for the Railway Board letter on the above subject 

 OLWR - Board's Letter