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IRAS DAY 2013 - GUWAHATI CHAPTER


IRAS day 2013 was celebrated in Guwahati on 30th November with lot of warmth and enthusiasm. It is day when all the retired and serving officers meet not only to share the valuable experiences regarding service matters but also to jointly reminisce and reaffirm the values and spirit which IRAS entails. The function was attended by 5 retired IRAS officers and 16 serving IRAS officers. The General Manager, Shri Virdhi, the AGM, Shri Jha and the SDGM, Shri Agarwal graced the occasion by their presence.
FA&CAO/F&B, Shri P. Sivaram Prasad, opened the function with his warm and cheerful welcome address. He greeted and congratulated all the members for being a significant part of the esteemed service. He requested FA&CAO,Shri B.B.Verma to welcome and felicitate the retired officers by presenting them with a stole and a memento.
Shri Prasad then invited Shri A.K. Mundhra, C.A. to speak about the Tax related issues.
Shri Mundhra’s presentation was on Direct and Indirect taxes which was extremely educative. He discussed different types of taxes like the service tax, Vat, excise duty luxury tax etc. He mentioned that from 1st July, 2012, goods transported by railways has come under Service Tax net. The Tax will be charged on 30% of the total chargeable freight.
FACAO, NFR,Shri B.B.Verma gave illuminating presentations on the challenges that the Indian Railways face today and the Pension Portal of Indian Railways. FA&CAO expressed concern over the widening gap between Indian railway’s Revenues and expenditure. The growth rate of Gross Traffic Receipts is 10.1% in 2013-14 where as that of OWE and pension, it is 12.9%. He enumerated the reasons for this alarming hike in expenditure. He discussed about the salient projections in vision 2020 plan for the Indian railways. PPP projects were also explained in detail along with the planned PPP projects in various sectors of Indian Railways.
In the next presentation regarding Pension Portal, FA&CAO, discussed the necessity of having a pension portal. He explained that through this portal, the railways would be able to ascertain the amount of pension disbursements made by the banks, which is very limited at present. The different modules and their function were enumerated in detail by Shri Verma. The necessity of complete revision of pension data and porting it to a common data base by 31st dec 2013 was reiterated by him.
Three IRAS officers from N.F.railway shared their experiences about the Finance and Technical Training attended by them in European business school , London and Paris.
Dy.FA/CON, Aparna Tripathi made the presentation on London Underground : A PPP Project. She explained the goals of the PPP project and the main causes of its failure. She explained that private agencies were more interested in cosmetic improvements of the railway stations rather than the core infrastructure.
Dy.FA/Books and Budget, Shruti Agnihotriy made the presentation on the European Financial Crisis. She discussed about the debt fuelled boom in the peripheral economies of the Eurozone due to which there was a boom in the real estate. However, when the bubble burst, the banks who had been recklessly giving loans to consumers, crashed, crippling the economies of the southern nations. Trade imbalance was the paramount cause for the flow of capital from stronger to weaker economies like Greece, Portugal, and Ireland.
Dy.FA/CON, Lumding, Bhavna Makwana, made the presentation on SNCF: French Railways. She explained that SNCF is the national state owned Railway company of France. It operates the country’s national rail services including TGV, the high speed railway network. She further explained that SNCF employs more than 245,000 people in 120 countries and since the introduction of TGV, SNCF has become a global player in providing a number of Railway services in various countries.
After the presentations, there was a session of animated discussion among all the officers present. Many pertinent issues concerning railway accounts were revisited.
The meeting was followed by lunch.
The IRAS day came to a conclusion with the hope that IRAS and its members would keep growing in stature and repute in the years to come.

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Ms Roopa Srinivasan
Member Finance