The new IRAS Logo assimilates the past, present and future to demonstrate the future ready IRAS which upholds the principles of “Propriety, Proficiency and Productivity”.
The logo has been carefully designed to demonstrate the nature of the service and contemporary times.
Adorned with the National Emblem, the logo symbolizes service to the Government of India. The Railway bogie resting on the track symbolizes that IRAS is dedicated to serving the Indian Railways, the three wheels represents evolution and motion, and upholding the motto of “Propriety, Proficiency and Productivity”. The book and the computer monitor symbolizes that IRAS is the fusion of both old and new methods of analysis, its ability to continuously evolve and embrace innovations, bridging the traditional methods of accounting and book-keeping with latest technology such as data analysis, AI etc. to propel IR to an upward growth trajectory.
Finally the 25 pairs of leaves on the logo represents the 17 Zonal Railways and 8 Production units which comprise India Railways. They also symbolizes wisdom, prosperity, motion and continuity.
The logo is a demonstration of the “FUTURE READY IRAS”.
Conceptualised and designed by Shri. Puneet Meena, Shri. Ajay Bartwal and Shri. Rajat Agarwal
Thursday, April 25, 2024
Workshop on “NEW FINANCIAL INITIATIVES†in Indian Railways at NAIR, Vadodara from 16.05.16 to 18.05.16
Shri S. Mookerjee, Financial Commissioner (Railways) addressed the SAG officers of Accounts department who participated in the workshop on ‘New Financial Initiatives’ in IR held between 16th and 18th May 2016 at NAIR, Vadodara. 19 officers from various zonal railways and PUs attended the workshop. Gist of important points emphasized by FC is as follows:
• FC complimented the officers for containing the expenditure and achieving a saving of over Rs.11, 000 crores vis-à -vis the BG for 2015-16. While there was a huge shortfall in earnings compared to the budget proposals, it was substantially mitigated by reduction in the expenditure due to austerity measures.
• In the fiscal 2016-17, the plan outlay of Government of India is Rs is 2.27 Lakh Crores of which a major chunk of Rs.1,21 lakh crores pertains to Railways, much of which would come through IRFC, Partnerships/JVs with States and NHAI and some amounts even from MP LAD and MLA LAD.
• Need to go for full fledged accrual accounting system.
• Initiatives to reduce costs in the recent past included relief in taxation, reduced dividend rate, enhanced allocation exceeding Rs.10,000 crores from Central Road Fund for various plan heads, as a part of GBS.
• Corridor approach for calculation of rate of return instead of project approach.
• Accounting Reforms – Bedrock is ready but we should think of mission beyond book keeping and go for performance costing.
• Good progress is achieved in ARPAN.
• Sourcing power in competitive manner would help us, example- Ratnagiri Gas Power Project Limited (RGPPL).
Please click here to view the presentations exhibited during the Workshop
• FC complimented the officers for containing the expenditure and achieving a saving of over Rs.11, 000 crores vis-à -vis the BG for 2015-16. While there was a huge shortfall in earnings compared to the budget proposals, it was substantially mitigated by reduction in the expenditure due to austerity measures.
• In the fiscal 2016-17, the plan outlay of Government of India is Rs is 2.27 Lakh Crores of which a major chunk of Rs.1,21 lakh crores pertains to Railways, much of which would come through IRFC, Partnerships/JVs with States and NHAI and some amounts even from MP LAD and MLA LAD.
• Need to go for full fledged accrual accounting system.
• Initiatives to reduce costs in the recent past included relief in taxation, reduced dividend rate, enhanced allocation exceeding Rs.10,000 crores from Central Road Fund for various plan heads, as a part of GBS.
• Corridor approach for calculation of rate of return instead of project approach.
• Accounting Reforms – Bedrock is ready but we should think of mission beyond book keeping and go for performance costing.
• Good progress is achieved in ARPAN.
• Sourcing power in competitive manner would help us, example- Ratnagiri Gas Power Project Limited (RGPPL).
Please click here to view the presentations exhibited during the Workshop
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