Important activities of the department
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 0-Audit Note Part-I have been closed by effecting recoveries of Rs. 354000/-upto June-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 June-2022, out of 02 No’s outstanding paras
01 No of Para 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.1.62 Crs. are achieved upto June-2022.
Timely raising of bills and realisation thereof is ensured. Out of Total outstanding of Rs.391.59 Lakhs, Rs.200.53 lakhs (51.21%) have been realised upto June-2022 by bringing down the closing balance to Rs.191.06 lakhs as on 30.06.2022.
Sundry Earnings –
The collection of Sundry earnings (NFR) of Rs. 6.36 Crs. has been made during
FY-2022-23 up-to June-2022 as against Rs.29.45 Crs. to end of Mar-2022.
Performance Efficiency Index
Performance Efficiency Index to end of June-22 is 117.41% as against 177.45% to end of June-2021 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 related to NR and ONR cases, Specially death Cases. Review of Service records one year in advance has been started.
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Status of Bills –
Contractors and supplier’s bills are cleared upto June-2022.