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FROM THE DESK
OF FINANCIAL COMMISSIONER (RAILWAYS) |
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We should be extremely concerned about the current state of railway finances. The rising expenditure has outstripped the relatively modest growth in earnings, leaving us with much depleted level of resources for plan expenditure. The share of working expenses and pension in the Gross Traffic Receipts has gone up from 68% in 2007-08 to 90% in the current year.
The staff related expenses which form a significant portion of our Ordinary Working Expenses, have increased from Rs. 18,000 crore in 2007-08 to Rs.40,000 crore in 2011-12. Similarly pension payments have also increased from Rs. 7,900 crore to approx Rs. 17,000 crore in this period. While the year 2010-11 closed with a deficit of Rs. 2,100 crore, performance during the current year is also not encouraging. To end December 2011, earnings are short of the budget proportion by Rs.2,298 crore. Passenger, Other Coaching, Goods and Sundries show shortfall of Rs. 1,796 crore, Rs.121 crore, Rs.345 crore and Rs.36 crore respectively.
The critical financial position of Railways calls for stringent financial discipline and Accounts department has to play a pivotal role in enforcing this. The executives have to be sensitized about the financial crunch. As Accounts & Finance managers, we need to ensure, inter alia, that fresh liabilities are not incurred without clear availability of budget, wastages are eliminated, possible improvements in efficiency of operations are obtained to economize on fuel and staff costs, bills for services to outsiders are raised and dues recovered, and professional house-keeping is put in place. Business as usual, approach must give way to incisive and analytical approach to financial issues.
I look forward to identifying the best practices on your Railway and sharing them with other Railways so that they can be replicated across IR to bring about higher level of professionalism in financial management. I expect a minimum of two suggestions from each FA&CAO to improve upon our earnings and economize on expenditure. Systemic improvements must form basis of our effort. Needless to say, your suggestions must not be routine remedies, please.
We have a challenge on hand and must overcome it through innovative yet practical approach. I am confident that members of IRAS have it in them to collectively deliver despite the difficulties and constraints involved.
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Vijaya Kanth
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| 10.01.2012
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Promotions/Transfer/Posting
orders |
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No.E(O)III-2012/PM/09 dated 10.01.2012: Ministry of Railways have with the approval of the President decided that the following IRAS officers should be granted HAG on non-functional basis with effect from 23.08.2011: Shri K.B.Nanda, NR; Shri K.S.Sunila, NFR; Shri Gurdev Singh, RCF. The upgradation is purely non-functional & personal to the officer. New
No.E(O)III-2012/TR/10 dated 06.01.2012: Ministry of Railways have with the approval of the President decided that Shri R.K.Malhotra, JAG/IRAS, Northern Railway, be transferred to Rail Coach Factory/Rae Bareli and posted as Dy.FA&CAO/Lucknow.
No.ERB-I/2011/2/69 dated 26.12.2011:
The President is pleased to approve of the appointment of Smt.Vijaya
Kanth, IRAS, General Manager, NFR (Construction), as Financial
Commissioner (Railways) and ex-officio Secretary to the Government
of India.
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| Useful
information |
| Masters
Programme being conducted by Lee Kuan Yew School of Public Policy,
National University of Singapore : (i) Master in Public Policy
(MPP)
(ii) Master in Public Administration (MPA)
: Deadline 28.02.12 for academic year commencing
July, 2012. The university has specifically written to Railway
Board requesting for nominations. Interested IRAS officers to
visit the following site www.lkyspp.nus.edu.sg New!
6th
Post Graduate Programme in Public Policy & Management (PGP-PPM)
at MDI Gurgaon from October 6, 2011 for 15 months under DoPT sponsorship
(www.mdi.ac.in) Last date is 31.07.2011
Central
Staffing Scheme for 2011 announced by DoPT
DoPT
instructions on Annual Performance Appraisal Reports dated 14.05.2009
Partial
Funding Circular
Deputation
guidelines
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Members'
Contribution |
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BRIDGING
KNOWLEDGE GAPS: A section for contribution on Professional issues
by Zonal Railways
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| Web
based managerial information system, employee & contractor
information system by Rupesh Singhvi, Sr.DFM/Jodhpur
New!
COMPREHENSIVE
CHECK-LIST ON FINANCE & ACCOUNTS, by Shri A.Gopinath,
FA&CAO/Con/CR
VISION
20-20: by Mrs Rashmi Kapoor, FA&CAO/C/Central Railway
PROCESS
MANUALS: ACCOUNTS & FINANCE: by Shri Hira
Ballabh, Sr.DFM/BPL/WCR
Conference of FA&CAOs & Sr.EDPMs(Incharge
of EDP Centers) & Sr.EDPM of zonal railways (7-11-08) |
| Presentation |
| Photographs |
| Article |
CAPACITY
BUILDING WORKSHOP ON PPP AT IRITM, Lucknow. Sept
9-11,2008
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by
Dr. Kalpana Dube, Sr. Prof. Finance & PPP. |
CONCEPT
OF LIFE CYCLE COSTING: by P.K.Agarwal, DF/RDSO |
| LIFE-CYCLE
COSTING TUTORIAL: by Finance Directorate RDSO |
| LETTER
OF CREDIT: by Finance Directorate RDSO |
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SYSTEMS
IMPROVEMENTS:
A section highlighting contributions
from Officers/Zonal Railways on Systems Improvements undertaken,
by re-engineering Governmental Processes
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Payment
of salary through banks by Shri Sanjay Bisaria, Sr.DFM/IZN/NER
New!
Western
Railway's IT center solution by Shri Vivek Tripathi, Sr.EDPM/CCG/WR
E-Reconciliation
of TC/JVs for Indian Railways
by Shri Vivek Tripathi, Sr.EDPM/WR
COACHING
BALANCE SHEET MANAGEMENT SYSTEM
by Ms. Praveen Kataraki, Sr.AFA/T/East Coast Railway
MIGRATION
OF COBOL BASED APPLICATIONS FROM AGEING HP 9000 TO ANY OTHER MACHINE:
by Shri Vivek Tripathi, Sr.EDPM/CCG/WR
CODING
OF GOODS CTRs
by Smt.Chetna Kumar/FA&CAO/Systems/NR
DIGITISATION
OF NCR ACCOUNTS OFFICE & OTHER INITIATIVES:
by Smt. Vandana Singhal/FA&CAO/NCR |
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