Keeping the accounts of the Railway in accordance with the prescribed rules.
Internal Check of transactions affecting the receipts and expenditure of Railway.
Prompt settlement of proper claims against the railway.
Tendering advice to the administration whenever required or necessary in all matters involving Railway Finance.
Compilation of budgets in consultation with other departments and monitoring the budgetary control procedures from time to time.
Generally discharging other management accounting functions such as providing financial data for management reporting, assisting in inventory management, participating in purchase/contracting decisions and surveys for major schemes in accordance with the relevant rules and orders so that there are no financial irregularities in the transactions of the Railway.
Clearance of Audit Reports-
0 nos. of Audit Inspection reports Part-I and 3-Audit Note Part-I have closed by effecting recoveries of Rs.21,000/-upto Apr-22 at the instance of Audit as against 4,93,000/- of 2021-22.
Clearance of Railway Board Inspection-
During the year upto month of April-2022, out of 02 No’s outstanding paras
Nil No of Paras of (part-II) and Nil No Paras (Part-I) of Railway Board Inspection report have been closed, reply to the rejoinders are under process will be sent to HQ/BSP at the earliest for closure.
Improvement in Internal check:-
Owing to the critical scrutiny of bills and proposals, savings to the
tune of Rs. 0.82 Crs. are achieved upto April-2022.
Timely raising of bills and realisation thereof is ensured. Out of Total outstanding of Rs.170.91 Lakhs, Rs.51.26 lakhs (30%) have been realised upto Apr-2022 by bringing down the closing balance to Rs.119.65 lakhs as on 30.04.2022.
Sundry Earnings –
The collection of Sundry earnings (NFR) of Rs. 1.33 Crs. has been made during
FY-2022-23 up-to Apr-2022 as against Rs.29.45 Crs. to end of Mar-2022.
Performance Efficiency Index
Performance Efficiency Index to end of Apr-22 is 119.55% as against 176.72% to end of Apr-2022 and this is well in alignment with the vision set by the department
E-Pass for Retired employees has been started.
RTI –Maintenance of liaison with other sections for clearing RTI cases timely.
Timely settlement of pension cases of related to NR and ONR cases. Specially death Cases. Review of Service records is one year in advance has been started.