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AFP Vol-1

AFP Vol-1

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Published by Nitesh Sharma

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Published by: Nitesh Sharma on Jun 19, 2012
Copyright:Attribution Non-commercial


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Sr. No. Subject Page Nos.1 Functions of Accounts Department 3-62 Canons of Financial Propriety 63 Statutory Audit 6-84 Accounts Inspection of Executive Offices 85 Schedule of Powers 8-96 Tenders & Contracts 9-157 Railway Budgeting 16-258 Source of funds for the Government 26-289 Budgeting on Railways 2810 Demands for Grants 29-3611 Budgetary Exercise 36-3712 Budget documents 3813 Budget Cycle 3914 Structure of Railway Budget 39-4015 Primary Units (Objects) of expenditure 40-5016 Traffic earnings 51-5217 Funds maintained by the Indian Railways 52-5318 Internal check of expenditure 54-5819 Cash Imprest 58-5920 Earning Accountal 59-6021 Role of TIA 61-62
Historical Background
There were 33 separate Railway administrations (4 by Govt. 5 by Indian states, 24 run by pvt.Companies) Headed by an officer of the ICS who was Assisted by 1 Secretary, 3 DeputySecretaries, 4 under secretaries and 4 Assistant Secretaries and the Accounting and auditingwas being done by the Accountant General of the Public Works Department. It wasincreasingly felt that the Railway Finances should be separated from the General Finances asthough the Railway demands were only two out of some 100 demands of the GeneralFinances any fluctuations in the railway demands caused violent fluctuations in the GeneralFinances. The most important landmark in the historyThe most important land mark in the history of the financial administration on Railways inIndia was the appointment of the Financial Commissioner for Railways in April, 1923 withthe sanction of the Secretary of State for India, as part of the scheme of reorganisation of theRailway Board as recommended by the Acworth Committee (1921). The declared object of this appointment was to secure, firstly, economy in the expenditure of public moneys, andsecondly, the coordination of financial policy of theIR with the general financial policy of the Government of India. This was followed by theSeparation Convention of 1924 by which Railway finances were separated from the GeneralFinances of the Government of India.The Financial Commissioner, Railways is the professional head of the Railways FinancialOrganisation and represents the Government of India, Finance Department on the RailwayBoard. In his capacity as ex-officio Secretary to the Government of India in the Ministry of Railways in financial matters, he is vested with full powers of the Government of India tosanction Railway expenditure subject to the general control of the Finance Minister. Thisarrangement is intended to ensure that financial control over operations of the RailwayDepartment is exercised from within the Organisation by an officer who shares with theMembers of the Railway Board and the Chairman the managerial responsibility as a seniorpartner in the common enterprise of efficient and economic working of the Railwayundertaking. In the event of a difference of opinion between the Financial Commissioner andother Members of the Board, the former has the right to refer the matter to the FinanceMinister. The Financial Commissioner is assisted by Additional Member Finance andAdditional Member Budget and Advisor Accounting reform and Advisor FinanceCommercial Establishment. The various divisions of Finance at Railway Board deal withAccounts matters, Accounting reforms, Finance, Finance (Budget) , Finance (Commercial,Establishment), Pay Commission, Statistics and Economics. These are headed by variousExecutive Directors belonging to the Indian Railway Accounts Service.
Evolution: In 5 Stages
I Railway finance was a part of Finance department and Accounting was done by theAG,II Appointment of Financial Commissioner in 1923III AG replaced by Controller of Railway Accounts and Director of Railway Audit underAuditor General. Beginning of IRAS

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