Report No.1 of 2018 - Finance Audit On Railways Finances in Indian Railways Union Government
Report No.1 of 2018 - Finance Audit On Railways Finances in Indian Railways Union Government
Preface
List of Abbreviations
Resources of IR 1.3 4
Cross-Subsidization 1.5 10
Conclusion 1.12 27
Recommendations 1.13 28
Conclusion 2.7 43
Recommendations 2.8 44
Audit Findings 45
Conclusion 3.9 59
Recommendations 3.10 60
Appendix 64-67
PREFACE
This Report has been prepared for submission to the President of India under
Article 151 of Constitution of India.
CR Central Railway
ER Eastern Railway
NR Northern Railway
SR Southern Railway
WR Western Railway
Background
Indian Railways (IR) is a departmental commercial undertaking of the Government
of India. It consists of 67,368 route kms
on which 22,550 trains ply, carrying about
22.24 million passengers and hauling nearly 3.04 million tonne of freight every
day. Policy formulation and overall control of the Railways are vested in Railway
Board comprising of the Chairman, Financial Commissioner and other functional
Members. The IR system is managed through 17 zones having 68 operating
divisions. Apart from the zonal railways representing the operational part of the
system, there are eight production units engaged in manufacturing of rolling stock
and other related items.
From 1 April 1950, a separate Railway Budget is being presented to the Parliament
prior to presentation of the General Budget every year. Till the year 2016-17 the
Railway Budget was presented to the Parliament separately and figures relating to
the receipts and expenditure of IR were shown in the General Budget, as Railway
Budget formed part of the total budget of the Government of India. However,
Government has decided to merge Railway Budget with the Union Budget from
Budget Year 2017-18 onwards.
Summary of Conclusions
Report of the Comptroller and Auditor General of India-Union Government
(Railways) for the year ended 31 March 2016 (Report No.37of 2016) highlighted
that during 2015-16, total revenue receipts increased by 4.57 per cent which was
significantly below the Compound Annual Growth Rate (CAGR) of 14.86 per cent
during the period 2011-15. The growth of freight earnings was 3.23 per cent in
2015-16 which was below the CAGR of 15.01 per cent registered during 2011-15.
The growth of passenger earnings was 4.96 per cent in 2015-16 which was also
below the CAGR of 14.31 per cent registered during 2011-15. Net surplus after
meeting dividend liability was `10,505.97 crore in 2015-16. The Operating Ratio
improved to 90.49 per cent in 2015-16 from 91.25 per cent in 2014-15.
During 2016-17, the total revenue receipts of ` 1,65,382.49 crore decreased by 1.78
per cent as compared to total revenue receipts of ` 1,68,379.60 crore during 2015-
16. This was significantly below CAGR of 10.09 per cent during the period 2012-
16.
The freight earnings of ` 1,04,338.54 crore decreased by 4.46 per cent in 2016-17
as compared to ` 1,09,207.66 crore during 2015-16. The growth in freight earnings
was negative as compared to previous years’ growth of 3.23 per cent. This was
Route-kilometre-The distance between two points on the railway irrespective of the number of
lines connecting them viz., single line, double line, etc. Statistical data of route kms., no. of trains,
no. of passengers and freight loading mentioned above are provisional.
i
also below the CAGR of 8.60 per cent registered during 2012-16. The freight
loading (in absolute terms) increased from 1008.09 Million Tonne (2012-13) to
1106.15 Million Tonne during 2016-17. Increase in freight loading by 0.42 per
cent during 2016-17 as compared to freight loading of 2015-16 was less than the
CAGR of 3.00 per cent achieved during 2012-16. The Net Tonne Kilometre
(NTKM) in respect of revenue freight traffic of 620175 million NTKM in 2016-17
decreased by 5.24 per cent as compared to 654481 NTKM during 2015-16.
The passenger earnings of ` 46,280.46 crore increased by 4.51 per cent in 2016-
17 as compared to ` 44,283.26 crore during 2015-16. This was below the CAGR
of 12.23 per cent registered during 2012-16.
Total Working Expenditure during 2016-17 was ` 1,59,029.61 crore as compared
to ` 1,47,835.93 crore during 2015-16.
Net surplus after meeting all revenue liabilities stood at ` 4,913.00 crore in 2016-
17 as against ` 10,505.97 crore in 2015-16, even though no dividend was paid
during 2016-17 as compared to ` 8,722.51 crore dividend paid during 2015-16. It
was observed that in respect of Zonal Railways, the actual amount required to meet
the expenditure on pension payments was ` 40,025.95 crore during the year.
However, ` 35,000 crore (against the Budget Provision of ` 42,500 crore) was
appropriated to Pension Fund. Thus, there was under provisioning of ` 5,025.95
crore under the Pension Fund, thereby understating the total working expenditure
to that extent. Had the actual amount (` 40,025.95 crore) required to meet the
expenditure on pension payments been appropriated, there would have been a
negative balance of ` 112.95 crore (instead of surplus of ` 4,913 crore) leaving no
surplus available for appropriation to the funds (DF, CF and Debt Service Fund).
The Operating Ratio represents the percentage of working expenses to traffic
earnings and is an indicator of the efficiency in operations of IR. The Operating
Ratio was 90.49 per cent in 2015-16, it deteriorated to 96.50 per cent in 2016-17.
The Operating Ratio during the current year had deteriorated to an all-time low
since 2000-01 when it was 98.34 per cent. Had the actual amount ` 40,025.95 crore
required to meet the expenditure on pension payments of Zonal Railways been
appropriated to the Pension Fund (instead of ` 35,000 crore), the total gross
working expenditure of IR would have increased (by ` 5,025.95 crore to
` 1,64,537.93 crore and the Operating Ratio would work out to 99.54 per cent.
Thus Operating Ratio of 96.50 per cent does not reflect the true financial
performance of the Railways.
Total Capital Expenditure (including expenditure under PPP) during 2016-17 was
` 1,08,290.14 crore as compared to ` 93,519.79 crore during 2015-16.
Railway funds closed at ` 2,576.81 crore at the end of 2016-17 (Railway Safety
Fund ` 23.26 crore, Development Fund ` 402.63 crore, Pension Fund ` 594.76
crore, Debt Service Fund ` 800.23, Depreciation Reserve Fund ` 450.50 crore and
Capital Fund ` 305.43 crore) against the fund balance of ` 10,806.68 crore in 2015-
16 registering a decrease of ` 8229.87 crore. The decrease in fund balances was
ii
mainly due to more expenditure from Pension Fund, Capital Fund and Debt Service
Fund in comparison to amount credited in the funds during the year. Non-crediting
of interest was also one of the reasons for decrease in funds balances. Further, the
contribution to the DRF was not made as per requirement despite there being a
huge backlog of over aged assets amounting to ` 47,679 crore in the railway system
required to be replaced for safe running of trains.
Indian Railways was unable to meet its operational cost of passenger and other
coaching services. During 2015-16, there was a loss of ` 36,286.33 crore on
passenger and other coaching services. The freight services earned a profit of
` 42,426.63 crore which indicated that 85.53 per cent of the profit from freight
traffic was utilized to compensate the loss on operation of passenger and other
coaching services. The above issues have regularly been highlighted in the
preceding Reports of Comptroller and Auditor General of India - Union
Government (Railways) - Railways Finances.
IR is authorized for expenditure through operation of 16 Grants comprising of 15
Revenue Grants (Grants number 1 to 15) and one Capital Grant (Grant No. 16).
There were savings of 13.15 per cent (` 31,927.91 crore) under revenue grants and
savings of 4.97 per cent (` 5,926.31 crore) under capital grant against the
sanctioned provisions available in 2016-17. However, the savings of
` 31,927.91 crore under revenue grants were only notional and reflect over
provisioning disregarding the realistic flow of revenue.
Railways incurred excess expenditure of ` 33.13 crore (Voted ` 22.42 crore and
Charged ` 10.71 crore) during the year 2016-17. The excess expenditure does not
augur well for fiscal prudence besides undermining Parliamentary control. The
excesses over the budgetary sanction require regularization by Parliament under
Article 115 (1) of the Constitution of India.
Misclassification of expenditure from one revenue grant to another and also from
revenue to capital grant and vice-versa and cases of misclassification of
expenditure from Voted and Charged were also identified in audit. Some instances
of such misclassification of expenditure have been given in the report. The Public
Accounts Committee in its various reports has expressed serious concern over large
number of misclassification occurring in the Accounts of Railways and despite
repeated assurances given by the Ministry of Railways in their Action Taken Notes
that necessary remedial measures have been taken to ensure that misclassification
is curbed, numerous instances of misclassification are still being noticed by Audit.
Indian Railways, as a departmental commercial undertaking, though prepares
Balance Sheet and Profit and Loss Account besides Block Account, does not
disclose the significant accounting policies which form the basis of preparation of
financial statements like accounting of fixed assets, depreciation, valuation of
investments etc. The key information viz. capital works-in-progress, depreciated
value of assets, investments in property, plant and machinery etc. are either absent
or cannot be recognized easily from the financial statements.
iii
The major source of assets creation in Indian Railways was Gross Budgetary
Support (59.07 per cent) followed by Deprecation Reserve Fund (14.15 per cent)
and Capital Fund (11.69 per cent) of the total assets created.
Fixed Assets such as buildings, track structures etc. are not separately depicted in
the Block Account. For maintaining transparency in the Accounts and disclosing
the correct picture of all the fixed assets, the existing format of Block Account
needs revision. The formats of Block Account and Balance Sheet have not been
revised to distinctly exhibit the capital works-in-progress in Block Account,
exhibition of the investments in the Balance Sheet etc.
Audit observed that no disclosure for the assets (rolling stocks) acquired through
funding from Indian Railway Finance Corporation and projects executed under
Extra Budgetary Resources (Institutional Finance) were made in the Block
Accounts and Balance Sheets of the Zonal Railways and IR as well. Assets
Registers, Land and Building Registers etc. were either not maintained in the Zonal
Railways and Production Units or maintained but not updated to reflect the true
value of assets created.
IR does not follow the system of disclosing the significant accounting policies
which should form the basis of preparation of any Financial Statement such as
Accounting of Fixed assets, Depreciation and provision of liability for pension etc.
Balance Sheet of IR depicts Block Assets at their original cost and not at
depreciated value. It is, however, reduced from its account at the time of
replacement/renewal or condemnation without replacement. Thus, the value of
block assets as depicted in the Balance Sheet did not represent the true written
down value of the assets.
The system in vogue in IR is to set apart an adhoc sum towards contribution to
DRF by charging off to the working expenses. The present policy results in under
provisioning of depreciation and inadequate maintenance/replacement of assets.
Existing policy of depreciation gives leverage to IR to manage Net revenue surplus
at a desired level.
Recommendations
Recommendations on various aspects of Railways Finances are given below:
¾ The Operating Ratio during 2016-17 had deteriorated to the lowest level of
96.50 per cent since 2000-01 when it was 98.34 per cent. When actual
expenditure on pension payments is taken into account, the Operating
Ratio works out to 99.54 per cent. Since, Operating Ratio is a direct
indicator of the working of Railways; the Ministry of Railways should also
look into the various innovative ways for revenue generation and closely
monitor the expenditure.
¾ Ministry of Railways needs to revisit the passenger and other coaching
tariffs so as to recover the cost of operations in a phased manner and
reduce its losses in its core activities. The fixation of passenger fare and
freight charges should be based on the cost involved so that it brings both
iv
rationality and flexibility in pricing considering the financial health of
Railways and the current market scenario. There is hardly any justification
for not fully recovering the cost of passenger services in case of AC 1stClass,
First Class and AC 2-Tier. However, since one of the factors for non-
recovering full cost from these classes could be issue of free and
concessional fare passes/ tickets to various beneficiaries in good numbers,
this practice needs to be scaled down.
¾ Non-availability of sufficient funds in Depreciation Reserve Fund to
replace the over aged assets is indicative of weak financial health of Indian
Railways. The huge backlog of renewal and replacement of over aged
assets in railway system needs to be addressed for safe running of trains.
¾ Total Capital grew from ` 1,83,488 crore as on 31 March 2013 to
` 3,12,635 crore as on 31 March 2017, total traffic handled declined from
7,27,610 million Net Tonne Kilometres to 7,01,813 million Net Tonne
Kilometres respectively. Railways need to take measures to improve
competitiveness of its services vis-à-vis Road and Air travel.
¾ Allocation should be realistic and on conservative side keeping in view the
realistic assessment of revenue streams.
¾ Ministry of Railways should impress upon the budget controlling
authorities for regular monitoring of expenditure.
¾ Internal control mechanism should be strengthened to reduce the instances
of misclassification of expenditure.
¾ The unsanctioned expenditure should be controlled; administration should
ensure all unsanctioned expenditure is regularised on priority.
¾ Indian Railways needs to ensure that Block Accounts and Balance Sheets
of Zonal Railways and Production Units reflect the true value of the assets
duly supported by Assets Registers. Preparation of Assets Registers should
be made mandatory for each Zonal Railways and Production Units.
¾ Indian Railways should follow the system of disclosing the significant
accounting policies forming the basis of preparation of financial
statements such as accounting of fixed assets, depreciation, investments
etc.
¾ Ministry of Railways needs to make provision for depreciation in a more
scientific method by adopting relevant accounting policies.
v
Chapter
Chapter11State
StateofofFinances
Finances
earnings of IR.
5Operating expenses of IR.
6Operating expenses and appropriation to Depreciation Reserve Fund and Pension Fund
7
Miscellaneous Receipts comprise of sale of tender documents, liquidated damages and receipts by Railway
Recruitment Board etc.
8Miscellaneous Expenditure comprise of expenditure on Railway Board, Surveys, Research, Designs and
DJDLQVWWKH%XGJHW3URYLVLRQRI`FURUHZDVDSSURSULDWHGWR3HQVLRQ)XQG
7KXVWKHUHZDVXQGHUSURYLVLRQLQJRI`FURUHXQGHUWKH3HQVLRQ)XQG
WKHUHE\XQGHUVWDWLQJWKH7:(WRWKDWH[WHQW+DGWKHDFWXDODPRXQW`
FURUHUHTXLUHGWRPHHWWKHH[SHQGLWXUHRQSHQVLRQSD\PHQWVEHHQDSSURSULDWHG
WKHUHZRXOGKDYHEHHQDQHJDWLYHEDODQFHRI`FURUHLQVWHDGRIVXUSOXVRI
` FURUH
1.2.4 Net Revenue
1HWUHYHQXHLQWKHFXUUHQWILVFDO\HDUGHFUHDVHGE\per centDVFRPSDUHGWR
WKHSUHYLRXV\HDU
1.2.5 Dividend Payment
'LYLGHQG SD\DEOH WR WKH *RYHUQPHQW RI ,QGLD *R, LV EDVHG RQ WKH &DSLWDODW
FKDUJH DGYDQFHG WKURXJK JURVV EXGJHWDU\ VXSSRUW 5DLOZD\ &RQYHQWLRQ
&RPPLWWHH 5&& ZKLOH GLVFXVVLQJ WKH UDWH RI GLYLGHQG IRU WKH \HDU
UHFRPPHQGHG WKDW WKH 5DWH RI 'LYLGHQG SD\DEOH E\ 5DLOZD\V WR WKH *HQHUDO
5HYHQXHVIRUWKH\HDUEHZDLYHGRIISXUHO\DVDRQHWLPHPRYH+RZHYHU
DIWHUPHUJHURI5DLOZD\%XGJHWZLWK*HQHUDO%XGJHWIURPWKH*R,KDV
GHFLGHGWKH5DLOZD\V ZLOOJHW H[HPSWLRQ IURP SD\PHQW RI 'LYLGHQGWR *HQHUDO
5HYHQXHVDQGLWV&DSLWDODWFKDUJHZRXOGVWDQGZLSHGRIIZLWKHIIHFWIURP
+HQFHQRGLYLGHQGZDVSDLGGXULQJ
1.2.6 Net Surplus available for appropriation
*HQHUDWLRQRI1HWVXUSOXVDIWHUPHHWLQJDOOUHYHQXHOLDELOLWLHVGHFUHDVHGE\
per cent LQWKHFXUUHQW\HDU1HW6XUSOXVGHFUHDVHGWR` FURUHLQ
DVFRPSDUHGWR` FURUHLQ7KH1HW6XUSOXVZDVDOVRORZHUWKDQ
WKH%XGJHW(VWLPDWHV` FURUHE\per cent.
7KH 1HW 6XUSOXV RI ` FURUH ZDV DSSURSULDWHG WR 'HYHORSPHQW )XQG
` FURUHDQG&DSLWDO)XQG` FURUHLQWKH\HDU1R
IXQGVZHUHDSSURSULDWHGWR'HEW6HUYLFH)XQGGXULQJWKHFXUUHQW\HDUWKRXJKDQ
DPRXQWRI` FURUHZDVHQYLVDJHGLQWKH%XGJHW(VWLPDWHV
+DGWKH DFWXDODPRXQW` FURUH UHTXLUHGWR PHHW WKH H[SHQGLWXUHRQ
SHQVLRQ SD\PHQWV RI =RQDO 5DLOZD\V EHHQ DSSURSULDWHG WR WKH 3HQVLRQ )XQG
LQVWHDGRI` FURUHWKHUHZRXOGKDYHEHHQDQHJDWLYHEDODQFHRI`
FURUH LQVWHDG RI VXUSOXV RI ` FURUH OHDYLQJ QR VXUSOXV DYDLODEOH IRU
DSSURSULDWLRQWRWKHIXQGV')&)DQG'HEW6HUYLFH)XQG
ReportNo.
Report No.11ofof2018
2018 Page
Page33
Chapter11State
Chapter StateofofFinances
Finances
1.3 Resources of IR
7KHPDLQVRXUFHVRIUHFHLSWVRI,5ZHUHDVIROORZV
Figure 1.1: Sources of Receipts
/RDQVIURP*RYHUQPHQWRI,QGLDDQG
RWKHUV
` 34,499.61crore
*URVV%XGJHWDU\6XSSRUW
` 45,231.64 crore
'LHVHO &HVV
` 10,732.03crore
*URVV7UDIILF5HFHLSWV
(` 1,65,292.20 crore
0LVFHOODQHRXV 5HFHLSWV
,QWHUQDO5HVRXUFHV (` 90.29 crore )
6RXUFHVRI (` 1,65,382.49 crore
5HFHLSWV %RUURZLQJVWKURXJK,QGLDQ 5DLOZD\
)LQDQFH&RUSRUDWLRQ
(` 14,280.84 crore )
)XQGVUDLVHG E\5DLO9LNDV1LJDP/LPLWHG
(` 37.13 crore)
([WUD%XGJHWDU\
5HVRXUFHV ,QVWLWXWLRQDO)LQDQFHWKURXJK/LIH
,QVXUDQFH&RUSRUDWLRQRI,QGLD
` 54,322.06 FURUH
(` 13,170 crore)
,QYHVWPHQWWKURXJK3XEOLF3ULYDWH
3DUWQHUVKLSHWF.
(` 26,834.09 crore)
7KH 7RWDO 5HYHQXH 5HFHLSWV *75 DQG 0LVFHOODQHRXV 5HFHLSWV IURP LQWHUQDO
UHVRXUFHVGHFUHDVHGE\per centGXULQJ5HIHU)LJXUHDJDLQVWWKH
&RPSRXQG$QQXDO*URZWK5DWH&$*5RIper centGXULQJ7KH
*URVV%XGJHWDU\6XSSRUW*%6DOVRGHFUHDVHGE\per centGXULQJ
DJDLQVW&$*5RIper centGXULQJZKLOH([WUD%XGJHWDU\5HVRXUFHV
(%5LQFUHDVHGE\per centGXULQJDJDLQVW&$*5RIper cent
GXULQJ
9
Rate of growth over a period of years taking into account the effect of annual compounding.
10
Gross Budgetary Support (GBS) represents amount advanced by the GoI to Ministry of Railways (MoR)
to finance capital expenditure.
'LHVHO
'LHVHO&HVV
&HVV
Note: Other Revenue Earnings include Other Coaching Earnings, Sundry Other Earnings, Suspense and
Miscellaneous Receipts
'LDJUDPDWVKRZVWKDWWKHODUJHVWUHVRXUFHRI,5ZDVIUHLJKWVHFWRUIROORZHG
E\ H[WUDEXGJHWDU\UHVRXUFHV7KHVKDUHRI H[WUDEXGJHWDU\UHVRXUFHVDQGGLHVHO
FHVV LQFUHDVHG ZKHUHDV VKDUH RI IUHLJKW HDUQLQJV SDVVHQJHU HDUQLQJV *%6 DQG
RWKHUUHYHQXHHDUQLQJVGHFUHDVHGLQWKHFXUUHQW\HDUDVFRPSDUHGWRDYHUDJHILJXUHV
RIUHFHLSWVGXULQJ
1.3.1 Revenue Receipts
7KHWUHQGRIWRWDOUHYHQXHUHFHLSWVIRUWKHODVWILYH\HDUVLVJLYHQLQWKH)LJXUH
Figure 1.3: Revenue Receipts during 2012-13 to 2016-17
161017.25 168379.60 165382.49
143213.87
126180.43
` in crore
3DVVHQJHU )UHLJKW 2WKHUV 7RWDO
Note: Others include Other Coaching, Sundry Others, Suspense and Miscellaneous Receipts
7RWDO5HYHQXH5HFHLSWVLQFUHDVHGDWD&$*5RIper centGXULQJ
KRZHYHUWKHUHZDVVKRUWIDOORIper cent LQWKH7RWDO5HYHQXH5HFHLSWVGXULQJ
\HDU
7KHWUHQGRIJURZWKUDWHVRIGLIIHUHQWVHJPHQWVRIUHYHQXHUHFHLSWVDUHGLVFXVVHG
LQWKHVXFFHHGLQJSDUDJUDSKV
Report
Report No.No. 1 of
1 of 2018
2018 Page55
Page
Chapter 11State
Chapter StateofofFinances
Finances
2012-13 2013-14 2014-15 2015-16 2016-17
(DUQLQJV /RDGLQJ
)LJXUHLQGLFDWHVDGHFUHDVHLQWKHDQQXDOJURZWKRIIUHLJKWORDGLQJLQWKHFXUUHQW
\HDU7KHDQQXDOLQFUHPHQWDOLQFUHDVHLQORDGLQJLQDEVROXWHWHUPVGURSSHGIURP
0LOOLRQ7RQQHWR0LOOLRQ7RQQHGXULQJWKHODVW
ILYH\HDUV,QFUHDVHLQIUHLJKWORDGLQJE\per centGXULQJZDVOHVV
WKDQWKH&$*5RIper centDFKLHYHGGXULQJ7KHJURZWKLQIUHLJKW
HDUQLQJVZDVQHJDWLYHLHper cent)DVFRPSDUHGWRSUHYLRXV\HDUV¶JURZWK
RIper cent.7KHJURZWKUDWHRI1HW7RQQH.LORPHWUH17.0ZDVQHJDWLYH
LHper cent)LQFXUUHQW\HDU7DEOH1R
,Q IUHLJKW HDUQLQJV GHFUHDVHG E\ per cent RYHU WKH SUHYLRXV \HDU
DJDLQVWWKH&$*5RIper centDFKLHYHGGXULQJ7KHVWDWXVRIIUHLJKW
VHUYLFHVVWDWLVWLFVDUHJLYHQLQWKH7DEOH1R
Table 1.2 Freight Services Statistics
Year Loading NTKM11 Earnings Average lead Rate per
(Million (in million) (` in crore) ( in tonne per km
Tonne) (Revenue kilometre) (in paise)
Freight Traffic
only)
Source- Indian Railways Annual Statistical Statements (Statement No.13-Goods Revenue Statistics)
Note: (i) Figures in bracket represent percentage increase over previous year.
(ii)Figures of 2016-17 (except Earnings) are provisional.
11
NTKM-Net Tonne Kilometre-Unit of measure of freight traffic which represent the transport of one tonne
goods (including the weight of any packing but excluding the weight of the vehicle used for transport) over
a distance of one kilometre.
'XULQJIUHLJKWORDGLQJZDV0LOOLRQ7RQQHV07DVFRPSDUHG
WRWKHORDGLQJRI07GXULQJ,WZDVVHHQWKDWWKHJURZWKUDWHRI
IUHLJKW ORDGLQJ GXULQJLQFUHDVHGDW WKH UDWHRI per cent. +RZHYHU
JURZWK UDWH RI 17.0 GXULQJ ZDV QHJDWLYH LH per cent 7KH
JURZWKUDWHRI5DWHSHUWRQQHSHUNLORPHWUHRYHUWKHSUHYLRXV\HDUZDVper
centDJDLQVWWKHJURZWKUDWHRIper centDFKLHYHGLQ7KHJURZWKUDWH
RIIUHLJKWHDUQLQJVGXULQJWKHFXUUHQW\HDUZDVQHJDWLYHLHper centDJDLQVW
WKHJURZWKUDWHRIper centUHFRUGHGLQ'XHWRORZHUJURZWKUDWHRI
ORDGLQJDQGQHJDWLYHJURZWKUDWHRI17.0WKHDYHUDJHOHDGDYHUDJHKDXORID
WRQQHRIIUHLJKWGHFOLQHGIURPNPLQWRNPLQ
6KDUH RI PDMRU FRPPRGLWLHV LQ ORDGLQJ DQG HDUQLQJV DUH JLYHQ LQ WKH EDU FKDUW
)LJXUH
Figure 1.5: Major Commodity wise share of loading and earnings (2016-17)
Percentage
&RDO 2WKHU*RRGV 5DZ0DWHULDO &HPHQW 3LJ,URQDQG )HUWLOL]HUV &RQWDLQHUV )RRG*UDLQ 32/ ,URQ2UHIRU
,URQ2UH )LQLVKHG ([SRUW
IRU6WHHO 6WHHO
3ODQWV,URQ
2UHIRURWKHU
GRPHVWLF )UHLJKW/RDGLQJ )UHLJKW(DUQLQJV
XVHUV
Note-Figures of Loading and Earnings (commodity wise) for 2016-17 are provisional.
$VFRPSDUHGWRWKHPDMRUVKRUWIDOOLQWKHIUHLJKWORDGLQJGXULQJ
ZDVLQFRPPRGLWLHV&RDOGHFOLQHGIURP07LQWR07LQ
±DGHFOLQHRIper cent&HPHQWGHFOLQHGIURP07LQ
WR 07LQ ±DGHFOLQHRIper cent)HUWLOL]HUVGHFOLQHG
IURP07LQWR07LQ±DGHFOLQHRIper cent
)RRG *UDLQV GHFOLQHG IURP 07 LQ WR 07LQ ± D
SDVVHQJHUSHUNLORPHWUHZDVper centDVFRPSDUHGWRSUHYLRXV\HDU¶VJURZWK
UDWHRIper cent7KRXJKWKHSDVVHQJHUWDULIIVKDYHEHHQUHYLVHGXSZDUGO\LQ
WKH UHFHQW SDVW VWLOO ,5 LV LQFXUULQJ ORVVHV HYHU\ \HDU RQ SDVVHQJHU DQG RWKHU
FRDFKLQJVHUYLFHV
7KH JURZWK LQ HDUQLQJV IURP 3DVVHQJHU WUDIILF DQG LQ 3DVVHQJHUV 2ULJLQDWLQJ
GXULQJWKHODVWILYH\HDUVWRLVVKRZQLQ)LJXUH
Figure 1.6: Growth Rate of Passenger Originating and Passenger Earnings
Percentage
*URZWK5DWHRI3DVVHQJHU(DUQLQJV *URZWK5DWHRI3DVVHQJHU2ULJLQDWLQJ
,QWKHHDUQLQJVIURPSDVVHQJHUWUDIILFLQFUHDVHGE\per centRYHUWKH
SUHYLRXV \HDU LQFUHDVH RI per cent DJDLQVW WKH &$*5 RI per cent
GXULQJ . 7KHUH ZDV PDUJLQDO JURZWK RI per cent LQ SDVVHQJHUV
RULJLQDWLQJLQRYHUWKHSUHYLRXV\HDU+RZHYHUWKHUHKDVEHHQGHFOLQLQJ
WUHQGLQWKHQXPEHURISDVVHQJHURULJLQDWLQJGXULQJODVWILYH\HDUV$VFRPSDUHG
WRPLOOLRQSDVVHQJHUVRULJLQDWLQJWKHUHZDVGHFOLQHRIper
centLQWKHSDVVHQJHUVRULJLQDWLQJGXULQJ
6XQGULHVDQGRWKHUFRDFKLQJHDUQLQJVFRQVWLWXWHGper centRIWKH*75LQWKH
FXUUHQW\HDU,WLQFUHDVHGE\per centLQDJDLQVWWKHJURZWKUDWHRI
per cent UHFRUGHGLQ$QDO\VLVLQDXGLWUHYHDOHGWKDWHDUQLQJVIURP
FDWHULQJ GHSDUWPHQWV UHLPEXUVHPHQW RI RSHUDWLQJ ORVV RQ VWUDWHJLF OLQHV
UHQWOHDVLQJRIODQGGLYLGHQGHWFIURP368VLQWHUHVWDQGPDLQWHQDQFHFKDUJHVRI
VLGLQJVHWFLQFUHDVHGZKHUHDVHDUQLQJVIURPULJKWRIZD\OHDYHIDFLOLW\IRURWKHUV
DGYHUWLVHPHQWVRYHUKHDGFKDUJHVDQGSURILWUHFRYHUHGRQZRUNGRQHIRURXWVLGH
SDUWLHVUHFHLSWIURPUHFUXLWPHQWFHOOHWFGHFUHDVHGLQWKHFXUUHQW\HDUDVFRPSDUHG
WRWKHSUHYLRXV\HDU
Asper Summary of End Results Coaching Services Profitability/Unit Costs prepared by Ministry of
Railways
7KH0LQLVWU\RI5DLOZD\VQHHGVWRHQKDQFHLWVHIIRUWVWRUHDOL]HWKHROGRXWVWDQGLQJ
GXHVIURP6(%
V
1.5 Cross-Subsidization
,5ZDVXQDEOHWRPHHWLWVRSHUDWLRQDOFRVWRISDVVHQJHUVHUYLFHVDQGRWKHUFRDFKLQJ
VHUYLFHV7KH6XPPDU\RI(QG5HVXOWV)UHLJKW6HUYLFHV8QLW&RVWVDQG&RDFKLQJ
6HUYLFHV3URILWDELOLW\8QLW&RVWVIRUWKH\HDUSXEOLVKHGE\WKH,5LQGLFDWHV
WKDW WKHUH ZDV FURVV VXEVLGL]DWLRQ IURP IUHLJKW HDUQLQJV WR SDVVHQJHU DQG RWKHU
FRDFKLQJ HDUQLQJV /RVV LQFXUUHG E\ SDVVHQJHU DQG RWKHU FRDFKLQJ VHUYLFHV
LQFUHDVHGIURP` FURUHLQWR` FURUHLQ
7KHUHYHQXHIRUJRQHLQSDVVHQJHUHDUQLQJVGXHWRFRQFHVVLRQVWRYDULRXVFDWHJRULHV
RISDVVHQJHUVYL]SK\VLFDOO\FKDOOHQJHGSHUVRQVSDWLHQWVVHQLRUFLWL]HQV,]]DW
067SUHVVFRUUHVSRQGHQWVVSRUWSHUVRQVZDUZLGRZVHWFZDV` FURUH
GXULQJDQG` FURUHGXULQJ,QUHVSHFWRI5DLOZD\3DVVHV
13
Unrealized earnings on account of movement of traffic was classified as ‘Traffic Suspense’ whereas on
account of rent/lease of building/land and maintenance charges of sidings etc. as ‘Demand Recoverable’.
14Summary of End Results-Coaching Services-Profitability/Unit Costs for 2016-17 not compiled (December
2017).
WR WKHLU VHUYLQJUHWLUHG HPSOR\HHV QHLWKHU WKH FRVW LV FRPSXWHG QRU DQ\ GDWD RI
UHYHQXHIRUHJRQHLVPDLQWDLQHGE\WKH5DLOZD\V
7KHORVVHVRQSDVVHQJHUDQGRWKHUFRDFKLQJVHUYLFHVGXULQJWKHWR
DUHVKRZQLQWKH)LJXUHD
` in crore
7KXVGXHWRLQFUHDVHLQWKHORVVRQSDVVHQJHUDQGRWKHUFRDFKLQJ VHUYLFHVIURP
` FURUHLQWR` FURUHLQWKHFURVVVXEVLG\
IURPIUHLJKWHDUQLQJVWRZDUGVSDVVHQJHUDQGRWKHUFRDFKLQJVHUYLFHVKDVLQFUHDVHG
LQDVFRPSDUHGWRSUHYLRXV\HDU7KHJDSLQSHUFHQWDJHRIH[SHQGLWXUHRQ
SDVVHQJHUVDQGRWKHUFRDFKLQJVHUYLFHVOHIWXQUHFRYHUHGGXULQJWKHSHULRGRIILYH
\HDUVDVRI0DUFKDUHVKRZQLQ)LJXUHE
Figure 1.7(b): Percentage of expenditure on Passenger and Other
Coaching Services left uncovered
Percentage
)LJXUHVKRZVWKHSHUFHQWDJHRISURILWRQIUHLJKWVHUYLFHVXWLOL]HGWRPDNHXS
WKHORVVRQSDVVHQJHUDQGRWKHUFRDFKLQJVHUYLFHV
120
100
80
Percentage
60
40
20
0
2011-12 2012-13 2013-14 2014-15 2015-16
7DEOH JLYHV WKH RSHUDWLRQDO ORVVHV RI YDULRXV FODVVHV RI SDVVHQJHU VHUYLFHV
GXULQJWR
Table 1.5 Operational losses of various Classes of Passenger Services
(` in crore)
&ODVV RI 3DVVHQJHU
VHUYLFHV
,WLVFOHDUIURPWKH7DEOHWKDWH[FHSW$&7LHUDOOFODVVHVRIWUDLQVHUYLFHV
KDYHLQFXUUHGORVVHVGXULQJZKLFKPHDQVWKDW$&7LHU VHJPHQWRQO\
KDVUHFRYHUHGLWVRSHUDWLRQDOFRVW
7KH VXEVLG\ SURYLGHG WR ERWK RUGLQDU\ FODVV DQG VXEXUEDQ VHUYLFHV LQFUHDVHG
DOPRVWFRQWLQXRXVO\LQWKHODVWILYH\HDUVZLWKVXEVLG\RQ2UGLQDU\&ODVVEHLQJWKH
PD[LPXP7KHSHUFHQWDJHRIORVVLQYDULRXVFODVVHVRISDVVHQJHUVHUYLFHVUDQJHG
IURPper cent$&&KDLU&DUWRper cent VW&ODVVZLWKper cent
RQ(086XEXUEDQWUDLQVHUYLFHV2QHRIWKHIDFWRUVIRUQRQUHFRYHULQJIXOOFRVW
IURP WKHVHFODVVHV FRXOGEHLVVXH RIIUHHDQGFRQFHVVLRQDO IDUHSDVVHVWLFNHWV WR
YDULRXVEHQHILFLDULHVLQJRRGQXPEHUV.
Figure 1.9: Plan and Revenue Expenditure in the last five years
` in crore
*Excluding amount of surplus appropriated to Development Fund, Capital Fund and Debt Service Fund
(2012-13 - ` 8,266.25 crore, 2013-14 - ` 3,740.40 crore, 2014-15 – ` 7,664.94 crore, 2015-16 – ` 10,505.97
crore and 2016-17 ` 4, 913.00 crore).
'XULQJWKHVKDUHRIUHYHQXHH[SHQGLWXUHWRWRWDOH[SHQGLWXUHGHFUHDVHG
IURP per cent WR per cent ZKHUHDV SODQ H[SHQGLWXUH
LQFUHDVHGIURPper cent WRper cent $GHWDLOHGDQDO\VLV
RISODQH[SHQGLWXUHLVGLVFXVVHGLQSDUDJUDSK
15Lossworked out on the basis of figures of Expenses and Earnings given in Summary of the End Results-
Coaching Services Profitability/Unit Costs (2015-16).
2UGLQDU\:RUNLQJ([SHQGLWXUH 2UGLQDU\:RUNLQJ([SHQGLWXUH
$SSURSULDWLRQWR'5) $SSURSULDWLRQ7R'5)
$SSURSULDWLRQWR3HQVLRQ)XQG $SSURSULDWLRQWR3HQVLRQ)XQG
0LVFHOODQHRXV([SHQGLWXUH 0LVFHOODQHRXV([SHQGLWXUH
'LYLGHQG 'LYLGHQG
2:(LQFUHDVHGDWDUDWHRIper centGXULQJDVFRPSDUHGWRJURZWK
UDWHRIper centLQWKHSUHYLRXV\HDU
Report
ReportNo.
No.11of
of2018
2018 Page14
Page 14
Chapter 11 State
State of
ofFinances
Finances
7KHEUHDNXSRIZRUNLQJH[SHQGLWXUHRQ,5XQGHUVWDIIIXHOOHDVHFKDUJHVVWRUHV
RWKHUVDQGSHQVLRQRXWJRIRUWKHODVWILYH\HDUVLVVKRZQLQWKH)LJXUH
Figure: 1.12-Component wise expenditure
` in crore
6WDII 3HQVLRQ2XWJR )XHO 2WKHUV 6WRUHV /HDVH&KDUJHV
Percentage
Note- (i) Figures shown in bracket indicate Total Committed Expenditure in crore of rupees.
(ii)Figures for 2016-17 are as per Budget Estimate.
(iii)Figures of 2015-16 are revised figures (based on actuals).
(iv) Committed Expenditure included dividend payment to general revenue for the year
upto 2015-16
3HUFHQWDJHRIFRPPLWWHGH[SHQGLWXUHWRWRWDOUHYHQXHH[SHQGLWXUHZDVper
centLQ,5ZDVOHIWZLWKper centRIWKHWRWDOUHYHQXHH[SHQGLWXUH
WRUXQWKHLURSHUDWLRQV)LJXUH
7KH QHW VXUSOXV ZKLFK LQFUHDVHG WR ` FURUH LQ GHFOLQHG WR
` FURUHLQ7KHGHFOLQHLQQHWVXUSOXVGXULQJZDVPDLQO\
GXHWRQHJDWLYHJURZWKUDWHRIper cent RIIUHLJKWHDUQLQJVDJDLQVWper
cent JURZWK UDWH LQ QHJDWLYH JURZWK UDWH RI per cent RI
0LVFHOODQHRXV5HFHLSWVDVFRPSDUHGWRWKHSUHYLRXV\HDUDQGJURZWKUDWHRI7:(
per centEHLQJPRUHWKDQWKDWRI per cent
1.8 Efficiency Indices
7KHILQDQFLDOSHUIRUPDQFHDQGHIILFLHQF\LQRSHUDWLRQVRIDQHQWHUSULVHFDQEHVWEH
PHDVXUHG IURP LWV ILQDQFLDO DQG SHUIRUPDQFH UDWLRV 7KH UHOHYDQW UDWLRV LQ WKLV
UHJDUG IRU ,5 ZHUH µ2SHUDWLQJ 5DWLR¶ µ&DSLWDO2XWSXW 5DWLR¶ DQG µ6WDII
3URGXFWLYLW\¶ZKLFKDUHGLVFXVVHGEHORZ
7KHUH ZDV LPSURYHPHQW LQ WKH 25 RI (DVWHUQ DQG 1RUWKHDVW )URQWLHU 5DLOZD\V
ZKHUHDVWKHVDPHGHWHULRUDWHGLQRWKHU]RQDOUDLOZD\VGXULQJWKHFXUUHQW\HDUDV
FRPSDUHGWRWKHSUHYLRXV\HDU25RI(DVW&RDVW1RUWK&HQWUDO1RUWK:HVWHUQ
6RXWK&HQWUDO6RXWK(DVWHUQ6RXWK(DVW&HQWUDODQG:HVW&HQWUDO5DLOZD\VZDV
OHVV WKDQ per cent GXULQJ 25 RI &HQWUDO (DVWHUQ (DVW &HQWUDO
1RUWKHUQ 1RUWK (DVWHUQ 1RUWKHDVW )URQWLHU 6RXWKHUQ 6RXWK :HVWHUQ :HVWHUQ
5DLOZD\VDQG0HWUR5DLOZD\.RONDWDZDVPRUHWKDQper centGXULQJ
LPSO\LQJWKDWWKHLUZRUNLQJH[SHQGLWXUHZDVPRUHWKDQWKHLUWUDIILFHDUQLQJV25
RIWKH]RQDOUDLOZD\VQDPHO\(DVWHUQ1RUWKHUQ1RUWK(DVWHUQ1RUWKHDVW)URQWLHU
6RXWKHUQ 5DLOZD\V DQG 0HWUR 5DLOZD\.RONDWD ZDV PRUH WKDQ per cent
FRQWLQXRXVO\LQWKHODVWILYH\HDUV
Taking into account the actual amount of ` 40,025.95 crore required to be
appropriated to the Pension Fund (instead of ` 35,000 crore), the working
expenses of IR would have increased by ` 5,025.95 crore to ` 1, 64,537.93 crore
instead of ` 1,59,511.9816 crore. Hence, OR of IR would have been at 99.54 per
cent* instead of 96.50 per cent as mentioned above. Thus, the OR of 96.50 per
cent does not reflect the true financial performance of the Railways.
* Operating Ratio = Total Gross Working Expenses/ Total Gross Earnings x 100
i.e. ` 1,64,537.93 crore/ ` 1,65,299.0417 crore x 100 = 99.54 per cent.
Total Working Expenditure (` 1,59,029.61 crore) less Suspense (` -482.37 crore) = Total Gross Working
Expenses (` 1,59,511.98 crore)
17 Gross Traffic Receipts (` 1,65,292.20 crore) less Traffic Suspense (` - 6.84 crore) = Total Gross Earnings
(` 1,65,299.04 crore).
,5 SOD\V D FUXFLDO UROH LQ DXJPHQWLQJ LQIUDVWUXFWXUH IRU VXVWDLQDEOH HFRQRPLF
JURZWK 7RNHHS SDFH ZLWK WKHWUDQVSRUW VHFWRULQ JHQHUDO DQG WR UHVSRQG WR WKH
SUHVVXUHV RI D EXR\DQW HFRQRP\ LW LV HVVHQWLDO WKDW LWV UHVRXUFHV DUH XVHG
HIIHFWLYHO\ &UHDWLRQ RI QHZDVVHWV WLPHO\ UHSODFHPHQW DQG UHQHZDO RIGHSOHWHG
DVVHWV ZKLFK KDG RXWOLYHGLWV XVDJH DXJPHQWDWLRQ RIQHWZRUN FDSDFLW\ ZHUH WKH
DFWLYLWLHVFDUULHGRXWE\WKH,5WKURXJKWKHLUSODQH[SHQGLWXUH
,5¶VSODQH[SHQGLWXUHZDVILQDQFHGIURPWKH*%6LQWHUQDOUHVRXUFHV DQGH[WUD
EXGJHWDU\ VXSSRUW LH PDUNHW ERUURZLQJ WKURXJK ,QGLDQ 5DLOZD\ )LQDQFH
&RUSRUDWLRQ/LPLWHG,5)&IRUUROOLQJVWRFNDQGQHZQHWZRUNOLQNVE\5DLO9LNDV
1LJDP/LPLWHG591/
'XULQJ ([WUD %XGJHWDU\ 5HVRXUFHV ,QVWLWXWLRQDO )LQDQFH(%5 ,)
IXQGVDPRXQWLQJWR` FURUHZDVUHFHLYHGIURP,5)&IXQGVGUDZQLQLWLDOO\
E\,5)&E\LVVXLQJERQGVWR/LIH,QVXUDQFH&RUSRUDWLRQRI,QGLD
7KH7DEOHJLYHVWKHVRXUFHVRIIXQGVIRUWKHSODQH[SHQGLWXUHGXULQJWKHWK
)LYH\HDU3ODQWR
Table 1.8 Sources of Plan Expenditure
(` in crore)
Source of Plan 12thFive Year Plan
Expenditure 2012-13 2013-14 2014-15 2015-16 2016-17
Actual Actual Actual Actual Budget Actual*
Estimates
*URVV%XGJHWDU\
6XSSRUW
,QWHUQDO5HVRXUFHV
7RWDO *%6 DQG 35,241.52 38,764.38 47,674.84 54,453.78 61,675.00 55,711.48
,QWHUQDO5HVRXUFHV (69.95) (71.80) (81.19) (58.23) (50.97) (51.45)
([WUD%XGJHWDU\
5HVRXUFHV
,5)&591/
(%5,)333
*UDQG7RWDO 50,383.45 53,989.26 58,718.94 93,519.79 121,000.00 1,08,290.14
*Details are given in Para 1.1 (a) and in Para 2.1.
Note: Figures in brackets represent percentage to the total Plan expenditure
Source-Explanatory Memorandum on Railway Budgets and Appropriation Accounts
7KHVKDUHRI*%6WRWKHWRWDOSODQH[SHQGLWXUHLQFUHDVHGIURPper centLQ
WRper centLQ7KHVKDUHRILQWHUQDOUHVRXUFHVWRWRWDOSODQ
H[SHQGLWXUHGHFUHDVHGIURPper centLQWRper centLQ
6KDUHRI(%5LQFUHDVHGIURPper centLQWRper centLQFXUUHQW
\HDU'HFOLQHLQJHQHUDWLRQRILQWHUQDOUHVRXUFHVUHVXOWHGLQJUHDWHUGHSHQGHQFHRQ
*%6DQG(%5'XULQJ0R5REWDLQHG` FURUHIURP,5)&IRU
UROOLQJ VWRFN ` FURUH IRU GRXEOLQJ SURMHFWV EHLQJ H[HFXWHG E\ 591/
` FURUH WKURXJK (%5,) IRU JDXJH FRQYHUVLRQ GRXEOLQJ DQG UDLOZD\
HOHFWULILFDWLRQSURMHFWVDQG` FURUHWKURXJK3XEOLF3ULYDWH3DUWQHUVKLS
333PDLQO\IRUH[SHQGLWXUHRQQHZOLQHSURMHFWVWUDIILFIDFLOLWLHVDQGURDGVDIHW\
ZRUNVHWF7KHDFWXDOH[SHQGLWXUHWKURXJK(%5,)LQFXUUHGGXULQJZDV
` FURUH7KXVWKHUHZDVDQXQVSHQWDPRXQWRI` FURUHXQGHU
(%5,)
3ODQH[SHQGLWXUHLVEURDGO\FDWHJRUL]HGXQGHUYDULRXV3ODQ+HDGVDVVKRZQLQWKH
7DEOH
19Reserve Funds such as Depreciation Reserve Fund, Capital Fund, Development Fund
Extra Budgetary Resources (Institutional Finance)-EBR (IF) was introduced in Railways in 2015-16
21
Includes expenditure from Railway Safety Fund
Report
Report No.
No. 11 of
of 2018
2018 Page19
Page 19
Chapter
Chapter 1 State
State of
of Finances
Finances
ReportNo.
Report No.11ofof2018
2018 Page
Page20
20
Chapter 11 State
Chapter State of
of Finances
Finances
ReportNo.
Report No.11ofof2018
2018 Page
Page21
21
Chapter
Chapter 1 State of Finances
Finances
` in crore
7KH EDODQFH LQ WKH IXQGV GHFUHDVHG IURP ` FURUH LQ WR
` FURUH LQ UHJLVWHULQJ D GHFUHDVH RI ` FURUH 7KH
GHFUHDVHLQIXQGEDODQFHVZDVPDLQO\GXHWRPRUHH[SHQGLWXUHIURP3HQVLRQ)XQG
&DSLWDO)XQGDQG'HEW6HUYLFH)XQGLQFRPSDULVRQWRDPRXQWFUHGLWHGLQWKHIXQGV
GXULQJWKH\HDU1RDSSURSULDWLRQZDVPDGHXQGHU'HEW6HUYLFH)XQGGXULQJWKH
\HDU7KH5DLOZD\)XQGVH[FHSW5DLOZD\6DIHW\)XQGKDYHEHHQFUHDWHGXQGHU
WKHLQWHUHVWEHDULQJVHFWLRQLQWKH3XEOLF$FFRXQW,WZDVREVHUYHGWKDWQRLQWHUHVW
ZDVFUHGLWHGWRWKH5DLOZD\)XQGV'5)')3)&) '6)GXULQJWKH\HDU7KLV
KDVEHHQSRLQWHGRXWLQDXGLWKRZHYHUQRUHSO\KDVEHHQUHFHLYHGIURP0R5
7KHVWDWXVRIIXQGEDODQFHVDWWKHFORVHRILVVKRZQLQWKH)LJXUH
Figure 1.16-Fund Balances at the close of the years (2012-13 to 2016-17)
` in crore
'HSUHFLDWLRQ 3HQVLRQ)XQG 'HYHORSPHQW &DSLWDO)XQG 5DLOZD\6DIHW\ 'HEW6HUYLFH
5HVHUYH)XQG )XQG )XQG )XQG
ReportNo.
Report No.11ofof2018
2018 Page
Page22
22
Chapter
Chapter 1 State of Finances
Finances
7KH EDODQFH DYDLODEOH LQ WKH UDLOZD\ IXQGV VKDUSO\ GHFUHDVHG IURP `
FURUH LQ WR ` FURUH DW WKH HQG RI WKH \HDU '5) DQG
&DSLWDO )XQG FORVHG ZLWK EDODQFH RI ` FURUH DQG ` FURUH
UHVSHFWLYHO\$QDO\VLVE\$XGLWRIWKHIXQGEDODQFHVDYDLODEOHLQ&DSLWDO)XQGDQG
'5)UHYHDOHGWKHIROORZLQJ
,5 ERUURZV PRQH\ WKURXJK WKH ,5)& IRU DFTXLULQJ UROOLQJ VWRFN E\ WKH
ILQDQFLDO OHDVH URXWH 7KHVH OHDVH SD\PHQW KDYH WZR FRPSRQHQWV YL]
SULQFLSDOFRPSRQHQWVDQGLQWHUHVW3ULRUWRWKHVHSD\PHQWVZHUH
IXOO\ PHW WKURXJK WKH 2:( 5HYHQXH *UDQW 1R2SHUDWLQJ ([SHQVHV
7UDIILF+RZHYHUIURPWKH\HDUWKH$FFRXQWLQJSROLF\LQUHVSHFW
RIDFFRXQWDORIOHDVHFKDUJHVSD\DEOHWR,5)&ZDVPRGLILHG$VSHUQHZ
DFFRXQWLQJ V\VWHP SULQFLSDO &DSLWDO FRPSRQHQW ZDV WR EH FKDUJHG WR
&DSLWDO)XQG*UDQW1RDQGLQWHUHVWFRPSRQHQWZDVWREHFKDUJHGWR
5HYHQXH*UDQW1R$XGLWREVHUYHGWKDW0R5PDGHSD\PHQWRISULQFLSDO
FRPSRQHQWRIOHDVHFKDUJHVWR,5)&IURPWRIURP&DSLWDO
)XQG +RZHYHU WKHUHDIWHU GXH WR QHJDWLYH EDODQFHLQVXIILFLHQW EDODQFH
XQGHU WKH &DSLWDO )XQG WKLV SD\PHQW ZDV PDGH IURP µ&DSLWDO¶ E\ WKH
0R57KLVZDVLQYLRODWLRQRIWKHLUDFFRXQWLQJSROLF\0R5PDGHSD\PHQW
RI` FURUHWR,5)&IURP&DSLWDOLQVWHDGRI&DSLWDO)XQGGXULQJ
WR'XULQJDQGFDSLWDOFRPSRQHQWRI
OHDVHFKDUJHVDPRXQWLQJWR` FURUHDQG` FURUHZDVSDLG
WR ,5)& IURP &DSLWDO )XQG 'XULQJ 0R5 SDLG DQ DPRXQW RI
` FURUHIURP&DSLWDOWRZDUGVSD\PHQWRISULQFLSDOFRPSRQHQWRI
OHDVHFKDUJHVWR,5)&7KXVDJDLQWKH0R5YLRODWHGLWVDFFRXQWLQJSROLF\
DQG PDGH SD\PHQW IURP &DSLWDO 7KH IXQG EDODQFH XQGHU &DSLWDO )XQG
ZRXOGKDYHEHHQUHGXFHGE\` FURUHUHVXOWLQJLQQHJDWLYHEDODQFH
RI` FURUH'XULQJDJDLQVWEXGJHWSURYLVLRQRI`
FURUH 0R5 DSSURSULDWHG RQO\ ` FURUH ZKLFK ZDV OHVV E\ `
FURUHpercent)WKDQWKHEXGJHWHGSURYLVLRQ&DSLWDO)XQGFORVHGZLWK
DPHDJUHEDODQFHRI` FURUHDWWKHHQGRI7KHUHZLOOEHD
FRPPLWWHGOLDELOLW\RI` FURUHDSSUR[RI0R5LQWKHQH[W\HDUIRU
ZKLFKDWOHDVWDPDWFKLQJDSSURSULDWLRQLVPDQGDWRU\WREHPDGHXQGHUWKLV
IXQG
,W LV VHHQ WKDW WKH FRQWULEXWLRQ WR '5) ZDV QRW PDGH RQ WKH EDVLV RI
KLVWRULFDOFRVWH[SHFWHGXVHIXOOLIHDQGH[SHFWHGUHVLGXDOOLIHRIWKHDVVHW
EXWZDVGHSHQGHQWRQWKHDPRXQWZKLFKWKHZRUNLQJH[SHQVHVFRXOGEHDU
0R5LQLWV$FWLRQ7DNHQ1RWHRQ3DUDRIWKH$XGLW5HSRUWRI5DLOZD\V
)LQDQFHV 1R RI VWDWHG -XO\ WKDW LW DJUHHV WKDW
DSSURSULDWLRQWR '5)VKRXOG EH PDGHLQ DFFRUGDQFHZLWK WKHSUHVFULEHG
PHWKRGRORJ\5DLOZD\VKDYHDYHU\ODUJHDVVHWEDVHZKHUHDVWKHILQDQFLDO
SRVLWLRQRIWKH5DLOZD\VKDVQRWEHHQVXFKVRDVWRSHUPLWDSSURSULDWLRQWR
22
Capital represents the amount advanced by the GoI to MOR as GBS to finance Capital Expenditure and
MOR pays dividend thereon at the rate fixed by the RCC.
WKLVIXQGDVSHUDVHWIRUPXOD+RZHYHUDOODORQJHQGHDYRXUKDVEHHQWR
WKLVIXQGDVSHUDVHWIRUPXOD+RZHYHUDOODORQJHQGHDYRXUKDVEHHQWR
HQVXUH
HQVXUH
PD[LPXP
PD[LPXP
DSSURSULDWLRQ
DSSURSULDWLRQ
WR '5)
WR '5)
RQ QHHG
RQ QHHG
FXPFXP
DYDLODELOLW\
DYDLODELOLW\
EDVLV
EDVLV
$SSURSULDWLRQWR'5)DQGZLWKGUDZDOIURP'5)GXULQJWR
$SSURSULDWLRQWR'5)DQGZLWKGUDZDOIURP'5)GXULQJWR
LVVKRZQLQWKH)LJXUH
LVVKRZQLQWKH)LJXUH
Figure
Figure
1.17-Appropriation
1.17-Appropriation
to and
to and
withdrawal
withdrawal
fromfrom
DRFDRF
` in crore
` in crore
$SSURSULDWLRQWR'5)
$SSURSULDWLRQWR'5) :LWKGUDZDOIURP'5)
:LWKGUDZDOIURP'5)
'XULQJ
'XULQJ
DJDLQVW
DJDLQVW
EXGJHW
EXGJHW
SURYLVLRQ
SURYLVLRQ
RI `RI
` FURUH
FURUH
0R5 0R5
DSSURSULDWHG`
DSSURSULDWHG`FURUH
FURUH ZKLFKZDVPRUHE\`
ZKLFKZDVPRUHE\` FURUHLH
FURUHLH
per centWKDQWKHEXGJHWHGSURYLVLRQ0R5KDGVSHQW`
per centWKDQWKHEXGJHWHGSURYLVLRQ0R5KDGVSHQW` FURUHRQ
FURUHRQ
UHQHZDODQGUHSODFHPHQWRIWKHDVVHWVIURP'5)GXULQJOHDYLQJD
UHQHZDODQGUHSODFHPHQWRIWKHDVVHWVIURP'5)GXULQJOHDYLQJD
EDODQFHRI`
EDODQFHRI`
FURUHDWWKHHQGRI$XGLWIXUWKHUREVHUYHGWKDW
FURUHDWWKHHQGRI$XGLWIXUWKHUREVHUYHGWKDW
WKHUHZHUHQHJDWLYHEDODQFHVXQGHU'5)LQHOHYHQ=RQDO5DLOZD\VQDPHO\
WKHUHZHUHQHJDWLYHEDODQFHVXQGHU'5)LQHOHYHQ=RQDO5DLOZD\VQDPHO\
&HQWUDO
&HQWUDO
(DVWHUQ
(DVWHUQ
1RUWK
1RUWK
&HQWUDO
&HQWUDO
1RUWK1RUWK
(DVWHUQ
(DVWHUQ
1RUWK1RUWK
:HVWHUQ
:HVWHUQ
6RXWK
6RXWK
&HQWUDO6RXWK(DVWHUQ6RXWK(DVW&HQWUDO6RXWK:HVWHUQ:HVWHUQ:HVW
&HQWUDO6RXWK(DVWHUQ6RXWK(DVW&HQWUDO6RXWK:HVWHUQ:HVWHUQ:HVW
&HQWUDO
&HQWUDO
5DLOZD\V
5DLOZD\V
DQGDQG
,QWHJUDO
,QWHJUDO
&RDFK&RDFK
)DFWRU\
)DFWRU\
&HQWUDO
&HQWUDO
2UJDQL]DWLRQ
2UJDQL]DWLRQ
IRU IRU
5DLOZD\
5DLOZD\(OHFWULILFDWLRQ
(OHFWULILFDWLRQ
&25(
&25( DQGDQG
0HWURSROLWDQ
0HWURSROLWDQ 7UDQVSRUW
7UDQVSRUW
3URMHFW
3URMHFW
&KHQQDL)XUWKHUXQGHUSURYLVLRQLQJIRUGHSUHFLDWLRQLVUHVXOWLQJLQSLOLQJ
&KHQQDL)XUWKHUXQGHUSURYLVLRQLQJIRUGHSUHFLDWLRQLVUHVXOWLQJLQSLOLQJ
XSRIWKURZIRUZDUGRIZRUNVFRQFHUQLQJUHQHZDORIRYHUDJHGDVVHWV7KH
XSRIWKURZIRUZDUGRIZRUNVFRQFHUQLQJUHQHZDORIRYHUDJHGDVVHWV7KH
WKURZIRUZDUGYDOXHRIDVVHWVWREHUHSODFHGIURP'5)XSWRZDV
WKURZIRUZDUGYDOXHRIDVVHWVWREHUHSODFHGIURP'5)XSWRZDV
HVWLPDWHGDW`
HVWLPDWHGDW`
FURUHZKLFKPDLQO\LQFOXGHV`FURUHRQUROOLQJ
FURUHZKLFKPDLQO\LQFOXGHV`FURUHRQUROOLQJ
VWRFN
VWRFN
`
`
FURUH
FURUH
RQ WUDFN
RQ WUDFN
UHQHZDOV
UHQHZDOV
`
`
FURUHFURUH
RQ EULGJH
RQ EULGJH
ZRUNV
ZRUNV
` FURUHRQVLJQDOOLQJDQGWHOHFRPPXQLFDWLRQZRUNVDQG`FURUH
` FURUHRQVLJQDOOLQJDQGWHOHFRPPXQLFDWLRQZRUNVDQG`FURUH
RQ PDFKLQHU\
RQ PDFKLQHU\DQGDQG
SODQWV
SODQWV
7KXV
7KXV
WKHUHWKHUH
LV KXJH
LV KXJH
EDFNORJ
EDFNORJ
RI UHQHZDO
RI UHQHZDO
DQGDQG
UHSODFHPHQW
UHSODFHPHQWRI RYHU
RI RYHU
DJHGDJHG
DVVHWV
DVVHWV
LQ UDLOZD\
LQ UDLOZD\
V\VWHP
V\VWHP
ZKLFK
ZKLFK
QHHGV
QHHGV
WR EH
WR EH
UHSODFHGWLPHO\IRUVDIHUXQQLQJRIWUDLQV
UHSODFHGWLPHO\IRUVDIHUXQQLQJRIWUDLQV
1.111.11
Comments on Accounts
Comments on Accounts
� Mismatch
� Mismatchin fund balances
in fund shown
balances in the
shown in Railways’ DebtDebt
the Railways’ Head Report
Head Report
(Review of Balances)/Detailed
(Review Appropriation
of Balances)/Detailed Accounts
Appropriation (Part-II)
Accounts and and
(Part-II)
Railways’ fundfund
Railways’ balances appearing
balances in Statement
appearing No. No.
in Statement 13 of
13 Union
of Union
Government
GovernmentFinance Accounts
Finance Accounts
23 23
Includes
Includes
` 200`crore
200 crore
towards
towards
appropriation
appropriation
underunder
DRF DRF
for Production
for Production
Units.Units.
Report
Report
No. 1No.
of 2018
1 of 2018 PagePage
24 24
Report No. 1 of 2018 Page 24
Chapter11State
Chapter StateofofFinances
Finances
)XQG%DODQFHVRIWKH5DLOZD\VDUHGHSLFWHGLQWKH 5DLOZD\¶V'HEW+HDG
5HSRUW5HYLHZRI%DODQFHVDQG3DUW,,'HWDLOHG$SSURSULDWLRQ$FFRXQWV
7KH 'HEW +HDG 5HSRUW IRU WKH \HDU LV VHQW WR WKH &RQWUROOHU *HQHUDO RI
$FFRXQWV &*$ IRU LQFOXVLRQ LQ WKH 6WDWHPHQW 1R RI 8QLRQ
*RYHUQPHQW)LQDQFH$FFRXQWV,WZDVREVHUYHGWKDWWKH5DLOZD\V¶)XQGV
EDODQFHVDSSHDULQJLQWKH6WDWHPHQW1RRI8QLRQ*RYHUQPHQW)LQDQFH
$FFRXQWVZHUHQRWPDWFKLQJZLWKWKH)XQGVEDODQFHVVKRZQE\WKH0R5
LQLWV6WDWHPHQW$SSURSULDWLRQ$FFRXQWV
$ UHIHUHQFH ZDV PDGH LQ WKH $XGLW 5HSRUW 1R RI 5DLOZD\V
)LQDQFHV IRU WKH \HDU HQGHG 0DUFK 0R5 LQ LWV $71 VWDWHG 0D\
WKDWWKHGLIIHUHQFHVSRLQWHGRXWE\DXGLWDUHDJHROG+RZHYHUHIIRUWV
DUHEHLQJPDGHWRORFDWHWKHGLIIHUHQFHVDQGVHWULJKWWKHPLVPDWFK7KH
GLIIHUHQFHV LQ IXQG EDODQFHV DW WKH HQG RI VWLOO FRQWLQXHG 7KH
PDWWHUZDVWDNHQXSDJDLQZLWKWKH0R5LQ-XQH0R5LQLWVUHSO\
2FWREHU VWDWHG WKDW 3ULRU 3HULRG $GMXVWPHQWV 33$V KDYH EHHQ
SURSRVHGDQGVHQWWR&*$IRUFRUUHFWLYHDFWLRQ+RZHYHULQVSLWHRIWKHVH
33$VWKHUHLVGLIIHUHQFHLQWKHIXQGVEDODQFHVVKRZQLQ6WDWHPHQW1R
RI 8QLRQ *RYHUQPHQW )LQDQFH $FFRXQWV 7KH GLVFUHSDQFLHV LQ
IXQGVEDODQFHVLQWKH6WDWHPHQW1RVWLOOH[LVWDQGQHHGWREHUHFWLILHGE\
0R5
� Accountal of Tax Deducted at Source (TDS) by the Railways
$VSHUSURYLVLRQVXQGHUVHFWLRQFRIWKH,QFRPH7D[$FWWKH
WD[GHGXFWLRQVIURPSD\PHQWWRFRQWUDFWRUVDQGVXEFRQWUDFWRUVDUHWREH
DFFRXQWHG IRU XQGHU 0DMRU +HDG 7D[HV RQ ,QFRPH RWKHU WKDQ
&RUSRUDWLRQ7D[7KH$FWDOVRSURYLGHVWKDWWD[GHGXFWLRQIURP&RPSDQLHV
EH DFFRXQWHG IRU XQGHU 0DMRU +HDG &RUSRUDWLRQ 7D[ 7KH /LVW RI
0DMRUDQG0LQRU+HDGVRI$FFRXQWVDOVRFODVVLILHVWKHVLPLODUDFFRXQWLQJ
KHDGV IRU DFFRXQWDO RI WD[ GHGXFWLRQV IURP SD\PHQWV WR FRQWUDFWRUV DQG
VXEFRQWUDFWRUV
,Q5DLOZD\VDFFRXQWDORIWD[GHGXFWHGIURPSD\PHQWVPDGHWRFRQWUDFWRUV
LQFOXGLQJ&RPSDQLHVZRUNLQJDVFRQWUDFWRULVEHLQJPDGHXQGHU0DMRU
+HDG 7D[HV RQ ,QFRPH RWKHU WKDQ &RUSRUDWLRQ 7D[ ZKLFK LV LQ
YLRODWLRQRIWKHSURYLVLRQVRI,QFRPH7D[$FW$XGLWUDLVHG-DQXDU\
WKHLVVXHRILQFRUUHFWDFFRXQWDORIWD[GHGXFWHGE\WKH5DLOZD\VIURP
&RPSDQLHV XQGHU 0DMRU +HDG 7D[HV RQ ,QFRPH RWKHU WKDQ
&RUSRUDWLRQ7D[LQVWHDGRI0DMRU+HDG&RUSRUDWLRQ7D[
0R5LQLWVUHSO\VWDWHG$SULOWKDW0DMRU+HDG&RUSRUDWLRQ
7D[ LV IRU FRUSRUDWH SURILWV DQG WKH 7'6 GHGXFWHG E\ WKH JRYHUQPHQW
GHSDUWPHQWV WR WKHLU FRQWUDFWRUV ERG\ FRUSRUDWLRQRWKHUV VKRXOG EH
ERRNHGXQGHU0DMRU+HDG7D[HVRQ,QFRPHRWKHUWKDQ&RUSRUDWLRQ
7D[DQGPDWWHU LV UHIHUUHGWR &RQWUROOHU*HQHUDO RI$FFRXQWV&*$ IRU
FRQILUPLQJ WKH FRUUHFWQHVV RI WKH SURFHGXUH EHLQJ IROORZHG E\ WKH
5DLOZD\V +RZHYHU QR UHSO\ IURP &*$ ZDV UHFHLYHG DV RI 6HSWHPEHU
GHVSLWHUHPLQGHUVLVVXHGE\0R5LQ-XO\DQG1RYHPEHU
$ UHIHUHQFH ZDV PDGH LQ WKH $XGLW 5HSRUW 1R RI 5DLOZD\V
)LQDQFHVIRUWKH\HDUHQGHG0DUFK+RZHYHUQR$71RQWKLVSDUD
Report
Report No.
No. 1 of
1 of 2018
2018 Page 25
Page 25
Chapter
Chapter 11 State
State of Finances
KDVEHHQVXEPLWWHGE\0R5,QDEVHQFHRIDQ\LQVWUXFWLRQVRUFODULILFDWLRQV
E\WKH0R5WRWKH=RQHV5DLOZD\3URGXFWLRQ8QLWVWKLVLUUHJXODULW\VWLOO
SHUVLVWVLQDVGHWDLOHGEHORZ
� ,Q 1RUWK &HQWUDO 5DLOZD\ D VXP RI ` FURUH GHGXFWHG IURP
&RPSDQLHV GXULQJ KDV EHHQ VKRZQ XQGHU 0DMRU +HDG
LQVWHDGRI0DMRU+HDG&RUSRUDWLRQ7D[
� ,Q&HQWUDO2UJDQLVDWLRQIRU5DLOZD\(OHFWULILFDWLRQ&25(DVXPRI
`FURUHGHGXFWHGIURP&RPSDQLHVGXULQJKDVEHHQVKRZQ
XQGHU0DMRU+HDGLQVWHDGRI0DMRU+HDG&RUSRUDWLRQ7D[
� ,Q 1RUWK :HVWHUQ 5DLOZD\ D VXP RI ` FURUH GHGXFWHG IURP
&RPSDQLHV GXULQJ KDV EHHQ VKRZQ XQGHU 0DMRU +HDG
LQVWHDGRI0DMRU+HDG&RUSRUDWLRQ7D[
Krishi Kalyan Cess: $V SHU *RYHUQPHQW RI ,QGLD 1RWLILFDWLRQ
1R6HUYFLH7D[GDWHG.ULVKL.DO\DQ&HVVDWWKHUDWH
RIper centRQDOOWD[DEOHVHUYLFHVZDVWREHOHYLHGZLWKHIIHFWIURP-XQH
,W ZDVREVHUYHGWKDWQRGHGXFWLRQVXQGHU.ULVKL.DO\DQ&HVV
ZHUHPDGHE\WKH(DVW&HQWUDO5DLOZD\DQG1RUWKHUQ5DLOZD\GXULQJWKH
\HDU7KHLVVXHRIQRQOHY\RI.ULVKL.DO\DQ&HVVE\(DVW&HQWUDO
5DLOZD\DQG1RUWKHUQ5DLOZD\ZDVWDNHQXSZLWKWKH0R5LQ$XJXVW
+RZHYHUQRUHSO\ZDVUHSO\ZDVUHFHLYHGIURP0R5LQWKLVUHJDUG
Swachh Bharat Cess: $V SHU *RYHUQPHQW RI ,QGLD 1RWLILFDWLRQ
1R6HUYLFH7D[GDWHG6ZDFKK%KDUDW&HVVDWWKHUDWH
RIper centRQDOOWD[DEOHVHUYLFHVZDVWREHOHYLHGZLWKHIIHFWIURP
,W ZDV REVHUYHG WKDW QR GHGXFWLRQV XQGHU 6ZDFKK %KDUDW &HVV
ZHUHPDGHE\WKH(DVW&HQWUDO5DLOZD\GXULQJWKH\HDU7KHLVVXH
RIQRQOHY\RI6ZDFKK%KDUDW&HVVE\(DVW&HQWUDO5DLOZD\ZDVWDNHQXS
ZLWKWKH0R5LQ$XJXVW+RZHYHUQRUHSO\ZDVUHSO\ZDVUHFHLYHG
IURP0R5LQWKLVUHJDUG
� Utilisation of funds under Extra Budgetary Resources (Institutional
Finance)
,5 KDV EHHQ VXIIHULQJ IURP FRQVLVWHQW XQGHULQYHVWPHQWV LQ LWV FDSLWDO
ZRUNV &RQVHTXHQWO\ D ODUJH VKHOI RI VDQFWLRQHG SURMHFWV FRXOG QRW EH
FRPSOHWHG GXH WR QRQDYDLODELOLW\ RI VXIILFLHQW UHVRXUFHV ,Q WKH 5DLO
%XGJHW0R5GHFLGHGWRERUURZIXQGVIURPLQVWLWXWLRQDOVRXUFHV
VRDVWRHQVXUHDYDLODELOLW\RIIXQGVIRUWKHQH[WILYH\HDUVIRUFRPSOHWLRQ
RIWKHSURMHFWVFULWLFDOIRU5DLOZD\VIRUJHQHUDWLRQRIUHYHQXHV7KHQHZ
VRXUFHRIIXQGLQJZDVWHUPHGDV([WUD%XGJHWDU\5HVRXUFHV,QVWLWXWLRQDO
)LQDQFH(%5,)
$XGLW REVHUYHG WKDW GXULQJ (%5,) IXQGV DPRXQWLQJ WR
` FURUHZHUHUHFHLYHGIURP,5)&DQGWKHDFWXDOH[SHQGLWXUHXQGHU
(%5,)LQFXUUHGE\WKH=RQDO5DLOZD\VDQG&25(GXULQJZDV
` FURUH
Report No.
Report No. 11 of
of2018
2018 Page
Page 26
Chapter
Chapter 11 State
State of Finances
1.12 Conclusion
7RWDO:RUNLQJ([SHQGLWXUHGXULQJLQFUHDVHGWR` FURUHE\
per cent IURP ` FURUH LQ *URVV 7UDIILF 5HFHLSWV
LQFUHDVHGWR` FURUHE\per centIURP ` FURUHLQ
1HWVXUSOXVDIWHUPHHWLQJDOOUHYHQXHOLDELOLWLHVVWRRGDW ` FURUH
LQDVDJDLQVW` FURUHLQHYHQWKRXJKQRGLYLGHQGZDV
SDLGGXULQJDVFRPSDUHGWR ` FURUHGLYLGHQGSDLGGXULQJ
7KHDFWXDODPRXQWUHTXLUHGWRPHHWWKHH[SHQGLWXUHRQSHQVLRQSD\PHQWVZDV
` FURUHGXULQJWKH\HDU+RZHYHU` FURUHDJDLQVWWKH%XGJHW
3URYLVLRQRI`FURUHZDVDSSURSULDWHGWR3HQVLRQ)XQG7KXVWKHUHZDV
XQGHU SURYLVLRQLQJ RI ` FURUH XQGHU WKH 3HQVLRQ )XQG WKHUHE\
XQGHUVWDWLQJWKHWRWDOZRUNLQJH[SHQGLWXUHWRWKDWH[WHQW+DGWKHDFWXDODPRXQW
` FURUHUHTXLUHGWRPHHWWKHH[SHQGLWXUHRQSHQVLRQSD\PHQWVEHHQ
DSSURSULDWHGWKHUHZRXOGKDYHEHHQDQHJDWLYHEDODQFHRI`FURUHLQVWHDG
RIVXUSOXVRI` FURUHOHDYLQJQRVXUSOXVDYDLODEOHIRUDSSURSULDWLRQWRWKH
IXQGV')&)DQG'HEW6HUYLFH)XQG
'XULQJ WKH JURZWK UDWH RI SDVVHQJHU RULJLQDWLQJ QR RI SDVVHQJHUV
LPSURYHGE\per cent,5KDVQRWEHHQDEOHWRPHHWWKHLURSHUDWLRQDOFRVWRI
SDVVHQJHUDQGRWKHUFRDFKLQJVHUYLFHV7KHUHZDVFURVVVXEVLGL]DWLRQIURPIUHLJKW
VHUYLFHVWRSDVVHQJHUVHUYLFHV,5HDUQHGSURILWRI` FURUHIURPIUHLJKW
WUDIILFRQRQHKDQGDQGLQFXUUHGORVVRI` FURUHRQRSHUDWLRQRISDVVHQJHU
DQG RWKHU FRDFKLQJ VHUYLFHV RQ WKH RWKHU KDQG GXULQJ 7KHUH ZDV DQ
LPSURYHPHQWLQUHFRYHULQJWKHFRVWRISDVVHQJHUVHUYLFHVLQ,Q
WKHIUHLJKWORDGLQJRI0LOOLRQ7RQQHZLWQHVVHGDPHDJUHLQFUHDVHRI
per cent +RZHYHU GXH WR GHFOLQH RI per cent LQ 1HW 7RQQH .LORPHWUHV LQ
UHYHQXH IUHLJKW WUDIILF WKH DYHUDJH OHDG DYHUDJH KDXO RI D WRQQH RI IUHLJKW
GHFOLQHGIURP.LORPHWUHVLQWR.LORPHWUHVLQ
7KH EDODQFH DYDLODEOH LQ WKH UDLOZD\ IXQGV VKDUSO\ GHFUHDVHG IURP `
FURUHLQWR` FURUHDWWKHHQGRIWKH\HDU3HQVLRQ)XQG
'5) 'HYHORSPHQW )XQG DQG &DSLWDO )XQG FORVHG ZLWK EDODQFH RI
` FURUH` FURUH` FURUHDQG`FURUHUHVSHFWLYHO\
7KHGHFUHDVHLQIXQGEDODQFHVZDVPDLQO\GXHWRPRUHH[SHQGLWXUHIURP3HQVLRQ
)XQG&DSLWDO)XQGDQG'HEW6HUYLFH)XQGLQFRPSDULVRQ WRDPRXQWFUHGLWHGLQ
WKHIXQGVGXULQJWKH\HDUDQGQRLQWHUHVWZDVFUHGLWHGWRWKHLQWHUHVWEHDULQJIXQGV
GXULQJWKH\HDU'XULQJ0R5SDLGDQDPRXQWRI` FURUHIURP
&DSLWDOWRZDUGVSD\PHQWRISULQFLSDOFRPSRQHQWRIOHDVHFKDUJHVWR,5)&7KXV
DJDLQWKH0R5YLRODWHGLWVDFFRXQWLQJSROLF\DQGPDGHSD\PHQWIURP&DSLWDO7KH
IXQG EDODQFH XQGHU &DSLWDO )XQG ZRXOG KDYH EHHQ UHGXFHG E\
` FURUHUHVXOWLQJLQQHJDWLYHEDODQFHRI` FURUH
0R5KDGVSHQW` FURUHRQUHQHZDODQGUHSODFHPHQWRIWKHDVVHWVIURP
'5)GXULQJZKHUHDVWKHWKURZIRUZDUGYDOXHRIDVVHWVWREHUHSODFHGIURP
'5)XSWRZDV` FURUH7KXVWKHUHLVKXJHEDFNORJRIUHQHZDO
DQGUHSODFHPHQWRIRYHUDJHGDVVHWVLQUDLOZD\V\VWHPZKLFKQHHGVWREHUHSODFHG
WLPHO\ IRU VDIH UXQQLQJ RI WUDLQV $V WKHUH ZDV D PHDJUH EDODQFH RI
` FURUH LQ '5) DW WKH HQG RI 0R5 QHHGV WR PDNH VXIILFLHQW
DSSURSULDWLRQWR'5)IRUPHHWLQJWKHH[SHQGLWXUHRQUHQHZDODQGUHSODFHPHQWRI
RYHUDJHGDVVHWV
ReportNo.
Report No.11of
of2018
2018 Page
Page 27
27
Chapter11State
Chapter Stateof
ofFinances
Finances
7KH2SHUDWLQJ5DWLRZKLFKZDVper centLQGHWHULRUDWHGWR
per cent LQ IRU ,5 7KH 2SHUDWLQJ 5DWLR GXULQJ WKH FXUUHQW \HDU KDG
GHWHULRUDWHGWRDQDOOWLPHORZVLQFHZKHQLWZDVper cent7DNLQJ
LQWRDFFRXQWWKHDFWXDODPRXQWRI` FURUHUHTXLUHGWREHDSSURSULDWHGWR
WKH3HQVLRQ)XQGLQVWHDGRI` FURUHWKH25RI,5ZRXOGKDYHEHHQDW
per cent LQVWHDGRIper cent.7KXVWKH25RIper centGRHVQRW
UHIOHFWWKHWUXHILQDQFLDOSHUIRUPDQFHRIWKH5DLOZD\V7KH&25LQFUHDVHGIURP
SDLVHLQWRSDLVHLQLQGLFDWLQJGHFUHDVHLQWKHSK\VLFDO
SHUIRUPDQFHRIWKH,5
1.13 Recommendations
� The Operating Ratio during 2016-17 had deteriorated to the lowest level of
96.50 per cent since 2000-01 when it was 98.34 per cent. When actual
expenditure on pension payments is taken into account, the OR works out
to 99.54 per cent. Since, Operating Ratio is a direct indicator of the working
of Railways; the Ministry of Railways should also look into the various
innovative ways for revenue generation and closely monitor the
expenditure.
� Ministry of Railways needs to revisit the passenger and other coaching
tariffs so as to recover the cost of operations in a phased manner and
reduce its losses in its core activities. The fixation of passenger fare and
freight charges should be based on the cost involved so that it brings both
rationality and flexibility in pricing considering the financial health of
Railways and the current market scenario. There is hardly any justification
for not fully recovering the cost of passenger services in case of AC 1st
Class, First Class and AC 2-Tier. However, since one of the factors for
non- recovering full cost from these classes could be issue of free and
concessional fare passes/ tickets to various beneficiaries in good numbers,
this practice needs to be scaled down.
Report No. 11 of
Report No. of 2018
2018 Page 28
Page 28
Chapter 2 Appropriation Accounts
Chapter 2 Appropriation Accounts
Chapter 2 Appropriation Accounts
7KLV&KDSWHURXWOLQHV,QGLDQ5DLOZD\V,5ILQDQFLDODFFRXQWDELOLW\DQGEXGJHWDU\
SUDFWLFHVWKURXJKDXGLWRI$SSURSULDWLRQ$FFRXQWV
5DLOZD\ %XGJHW LV DQ LQVWUXPHQW RI 3DUOLDPHQWDU\ )LQDQFLDO &RQWURO DQG DW WKH
VDPHWLPHDQLPSRUWDQWPDQDJHPHQWWRROIRU0LQLVWU\RI5DLOZD\V*RYHUQPHQW
RI,QGLD3DUOLDPHQWDU\)LQDQFLDO&RQWUROLVVHFXUHGQRWRQO\E\WKHIDFWWKDWDOO
YRWHG
H[SHQGLWXUHUHFHLYHV3DUOLDPHQW
VSULRUDSSURYDOEXWDOVRE\WKHV\VWHPRI
UHSRUWLQJ EDFN WR LW WKH DFWXDO H[SHQGLWXUH LQFXUUHG DJDLQVW WKH
*UDQWV$SSURSULDWLRQVYRWHGDSSURYHGE\3DUOLDPHQW7KHVWDWHPHQWVZKLFKDUH
SUHSDUHG IRU SUHVHQWDWLRQ WR 3DUOLDPHQW FRPSDULQJ WKH DPRXQW RI DFWXDO
H[SHQGLWXUH ZLWK WKH DPRXQW RI *UDQWV YRWHG E\ 3DUOLDPHQW DQG $SSURSULDWLRQV
VDQFWLRQHGE\WKH3UHVLGHQWDUHFDOOHGWKH“Appropriation Accounts”.
$SSURSULDWLRQ $FFRXQWV GHWDLO WKH DFFRXQWV UHODWHG WR H[SHQGLWXUH RI ,5 IRU D
SDUWLFXODU\HDUDVFRPSDUHGWRWKHDSSURSULDWLRQVIRUGLIIHUHQWSXUSRVHVDVVSHFLILHG
LQWKHVFKHGXOHVDSSHQGHGWRWKH$SSURSULDWLRQ$FWSDVVHGE\3DUOLDPHQW7KHVH
$FFRXQWVOLVWWKHRULJLQDOEXGJHWDOORFDWLRQVXSSOHPHQWDU\JUDQWVVXUUHQGHUVDQG
UHDSSURSULDWLRQVGLVWLQFWO\DQGLQGLFDWHWKHDFWXDOFDSLWDODQGUHYHQXHH[SHQGLWXUH
RQYDULRXVVSHFLILHGVHUYLFHVYLVjYLVWKRVHDXWKRUL]HGE\WKH$SSURSULDWLRQ$FW
LQUHVSHFWRIERWKFKDUJHGDQGYRWHGLWHPVRIEXGJHW$SSURSULDWLRQ$FFRXQWVWKXV
IDFLOLWDWHPDQDJHPHQWRIILQDQFHVDQGPRQLWRULQJRIEXGJHWDU\SURYLVLRQVDQGDUH
WKHUHIRUHFRPSOHPHQWDU\WR)LQDQFH$FFRXQWV
7KH$SSURSULDWLRQ$FFRXQWVDUHVLJQHGERWKE\WKH&KDLUPDQ5DLOZD\%RDUGDQG
E\WKH)LQDQFLDO&RPPLVVLRQHU5DLOZD\VDQGWUDQVPLWWHGWRWKH&RPSWUROOHUDQG
$XGLWRU*HQHUDO& $*RI,QGLDIRUDXGLW$XGLWE\WKH&RPSWUROOHUDQG$XGLWRU
*HQHUDORI,QGLDVHHNVWRDVFHUWDLQZKHWKHUWKHH[SHQGLWXUHDFWXDOO\LQFXUUHGXQGHU
YDULRXVJUDQWVLVZLWKLQWKHDXWKRUL]DWLRQJLYHQXQGHUWKH$SSURSULDWLRQ$FWDQG
DOVRZKHWKHUWKHH[SHQGLWXUHVRLQFXUUHGLVLQFRQIRUPLW\ZLWKWKHODZUHOHYDQW
UXOHVUHJXODWLRQVDQGLQVWUXFWLRQV
,5LVDXWKRUL]HGIRUH[SHQGLWXUHWKURXJKRSHUDWLRQRI*UDQWVFRPSULVLQJRI
5HYHQXH*UDQWV*UDQWVQXPEHUWRDQGRQH&DSLWDO*UDQW*UDQW1R
5HYHQXH JUDQWV ZHUH ILQDQFHG WKURXJK WKH LQWHUQDO UHVRXUFHV JHQHUDWHG E\ ,5
WKURXJKLWVHDUQLQJVGXULQJWKH\HDU7KH&DSLWDOJUDQWZDVIXQGHGPDLQO\WKURXJK
WKH *HQHUDO %XGJHW LQWHUQDO UHVRXUFHV DQG VKDUH RI ³GLHVHO FHVV´ IURP &HQWUDO
5RDG)XQG&5)
24 Grants detailing working expenses and other revenue expenditure as voted by Parliament.
25 Grant detailing expenditure on Assets Acquisition, Construction and Replacement voted by Parliament.
26 A dedicated Central Road Fund was created by the Central Government for collection of cess from petrol
and diesel. A share of collection is provided to Railways for construction of road over/under bridges and
safety works at unmanned railway crossings.
Report No. 1 of 2018 Page 29
Report No. 1 of 2018 Page 29
Chapter 2 Appropriation Accounts
Chapter 2 Appropriation Accounts
Summary of Appropriation Accounts 2016-17
(` in crore)
Table 2.1 (a) Summary of Appropriation Accounts (2016-17)-Revenue Expenditure
3DUWLFXODUV 2ULJLQDO 6XSSOHPHQWDU\ 7RWDO $FWXDO 6DYLQJ
*UDQW *UDQW 6DQFWLRQHG ([SHQGLWXUH ([FHVV
$SSURSULDWLRQ *UDQW
5HYHQXH 9RWHG
&KDUJHG
$7RWDO5HYHQXH 9RWHG 239756.94 3062.23 242819.17 210891.26 -31927.91
([SHQGLWXUH DQG
&KDUJHG
/HVV &UHGLW 5046.24
$PRXQWUHFRXSHGIURP3HQVLRQ)XQG 40462.53
Net Revenue 165382.49
Expenditure
Note: 1. Credit of ` 5,046.24 crore was on account of recovery towards cost of staff from non-railway departments,
commission charges recovered from Defence, materials released from works, share of credits for freight charges on railway
materials, value of cinders and coal ash sold, credit for electric energy supplied to outsiders, sale proceeds of railway
canteens, amount met from Debt Service Fund etc.
Table 2.1 (b) Summary of Appropriation Accounts (2016-17)-Capital Expenditure
3DUWLFXODUV 2ULJLQDO 6XSSOHPHQWDU\ 7RWDO $FWXDO 6DYLQJ
*UDQW *UDQW 6DQFWLRQHG ([SHQGLWXUH ([FHVV
$SSURSULDWLRQ *UDQW
Capital 9RWHG
&KDUJHG
(B) Total Capital Voted 117575.96 1714.97 119290.93 113364.62 -5926.31
Expenditure and
Charged
/HVV &UHGLW 46921.11
$PRXQWPHWIURP)XQGV'HSUHFLDWLRQ5HVHUYH)XQG 10479.84
'HYHORSPHQW)XQG&DSLWDO)XQGLH,QWHUQDOUHVRXUFHV
$PRXQWPHWIURP5DLOZD\6DIHW\)XQG 10732.03
&DSLWDO([SHQGLWXUHIURP*%6 45231.64
&DSLWDO([SHQGLWXUHIURP*%6DQG,QWHUQDO5HVRXUFHV 55711.48
(A)+ (B) Grand Voted 357332.90 4777.20 362110.10 324255.88 -37854.22
Total (Revenue and
and Capital) as Charged
per
Appropriation
Accounts 2016-17
/HVV&UHGLWVUHFRYHULHVDQGDPRXQWUHFRXSHGPHWIURP)XQGV 113641.75
Net Expenditure (Revenue and Capital) as per Appropriation Accounts 210614.13
Total Expenditure as per Finance Accounts (2016-17) 210614.13
* This excludes ` 34,220 crore given by Ministry of Finance out of National Investment Fund (NIF) and
includes ` 10780 crore from Central Road Fund (CRF) as part of GBS.
Note: 1.Credit under Capital (` 46,921.11 crore) includes credit for released materials, clearance under
Suspense Heads (Stores Suspense, Workshop Manufacture Suspense and Miscellaneous Advance (Capital).
Table 2.1 (c) Capital Expenditure in Indian Railways (2016-17)
Particulars ` in crore
$FWXDO&DSLWDO([SHQGLWXUHDVSHU$SSURSULDWLRQ$FFRXQW
/HVV&UHGLWVUHFRYHULHVLQUHGXFWLRQRIH[SHQGLWXUH
([SHQGLWXUHIURP*%6
$GG([SHQGLWXUHIURP,QWHUQDOUHVRXUFHV
$GG([SHQGLWXUHIURP([WUD%XGJHWDU\5HVRXUFHV
,5RSHUDWHV5HYHQXH*UDQWV7KHVHDUHIXQFWLRQDOO\FOXEEHGXQGHUVL[GLVWLQFW
JURXSVDVOLVWHGLQ7DEOH
Appropriation refers to expenditure charged on Consolidated Fund of India.
Report No. 1 of 2018 Page 31
59388.47
70000
57008.97
58305.2
53853.49
60000
43100.16
39873.27
50000
34367.15
` IN CRORE
40000
30000
20000
6192.39
6107.15
3267.27
1261.66
1170.44
10000
0
Policy Formulation General Repairs and Operation Staff Welfare, Railway Funds and
and Services Superintendence Maintenance Retirement Benefits Payment to General
Common to all and Service on and Miscellaneous Revenues
Railways Railways
7KHIROORZLQJILJXUHGHSLFWVWKHJURXSZLVHH[SHQGLWXUHLQ
Figure - 2.2 Group wise Revenue Expenditure (2016-17)
General Policy
Superintendence and Formulation
Service on Railways and Services
0.037% Common to all
Railway Funds Railways
and Payment to 0.660%
General Repairs and
Revenues Maintenance
22.266% 19.799%
Staff Welfare,
Retirement
Benefits and
Operation
Miscellaneous
30.523%
26.715%
7KH PDLQ UHDVRQV IRU YDULDWLRQV ZLWK UHIHUHQFH WR VDQFWLRQHG SURYLVLRQV DUH DV
XQGHU
Ɣ Indian Railways Policy Formulation
6DYLQJV LQ H[SHQGLWXUH GXH WR OHVV H[SHQGLWXUH RQ VWDII FRVW RIILFH
DXWRPDWLRQFRPSXWHUFHOOIXUQLWXUHWHOHSKRQHSULQWLQJVORZSURJUHVVRI
VXUYH\ZRUNOHVVPDWHULDOLVDWLRQRIFRQWUDFWXDOOLDELOLWLHVDQGGHFUHDVHLQ
QXPEHURISDVVHQJHUVRQZRUNHGOLQHVGXULQJWKH\HDU
Ɣ General Superintendence and Service on Railways
6DYLQJV LQ H[SHQGLWXUH GXH WR OHVV H[SHQGLWXUH RQ VWDII FRVW OHVV
KRQRUDULXP DQG FRQWLQJHQFLHV OHVV FDVHV RI OHDYH HQFDVKPHQW OHVV
HOHFWULFLW\ FKDUJHV QRQILOOLQJ RI YDFDQFLHV PDWHULDOL]DWLRQ RI OHVV
FRQWUDFWXDOOLDELOLWLHVDQGRWKHUH[SHQVHVGXULQJWKH\HDU
Ɣ Repairs and Maintenance
5HGXFWLRQ LQ H[SHQGLWXUH WRZDUGV VDODU\ DQG ZDJHV VWDII FRVW
HVWDEOLVKPHQW FKDUJHV FRQWLQJHQFLHV PDWHULDOL]DWLRQ RI OHVV FRQWUDFWXDO
SD\PHQWVOHVVH[SHQGLWXUHRQSURFXUHPHQWRIQRQVWRFNLWHPVOHVVGUDZO
RIVWRUHVIURPVWRFNOHVVDGMXVWPHQWRIGHELWVGHFUHDVHLQUHSDLUDFWLYLWLHV
OHVV H[SHQGLWXUH WRZDUGV ZDJHV DQG PDWHULDO RQ 3HULRGLFDO 2YHUKDXO
32+ OHVV H[SHQGLWXUH RQ SRZHU VXSSO\ DQG HOHFWULFDO LQVWUXPHQWV DQG
OHVV H[SHQGLWXUH RQ ,7 LQIUDVWUXFWXUH PDLQWHQDQFH GXULQJ WKH \HDU WKDQ
DQWLFLSDWHG
8QGHU UHYHQXH WKHUH ZDV H[FHVV H[SHQGLWXUH RI ` FURUH LQ FKDUJHG
DSSURSULDWLRQVLQ$SSURSULDWLRQ1R:RUNLQJ([SHQVHV5HSDLUVDQG0DLQWHQDQFH
RI 3HUPDQHQW :D\ DQG :RUNV DQG $SSURSULDWLRQ 1R :RUNLQJ ([SHQVHV ±
5HSDLUV DQG 0DLQWHQDQFH RI 3ODQW DQG (TXLSPHQW LQ VSLWH RI REWDLQLQJ
VXSSOHPHQWDU\SURYLVLRQ
8QGHUFDSLWDOWKHUHZDVH[FHVVH[SHQGLWXUHRI` FURUHLQRQHVHJPHQWRIWKH
&DSLWDO*UDQW1R5DLOZD\6DIHW\)XQG5HDVRQIRU e[FHVVH[SHQGLWXUHXQGHU
WKHVHJPHQWZDVGXHWRPDWHULDOL]DWLRQRIPRUHVWRUHGHELWVWKDQDQWLFLSDWHGPRUH
PDWHULDOL]DWLRQ RI FRQWUDFWXDO SD\PHQWV WKDQ DQWLFLSDWHG DQG EHWWHU SURJUHVV RI
ZRUNV
7KHUH ZDV DQ H[FHVV H[SHQGLWXUH RI ` FURUH LQ DOO WKH WKUHH VHJPHQWV RI
&DSLWDOFKDUJHGDSSURSULDWLRQVLQVSLWHRIREWDLQLQJVXSSOHPHQWDU\SURYLVLRQ,Q
FKDUJHG DSSURSULDWLRQ RI 56) WKHUH ZDV QR RULJLQDO SURYLVLRQ 7KH UHDVRQV IRU
H[FHVVH[SHQGLWXUHZHUHDWWULEXWHGWRPRUHH[SHQGLWXUHWRZDUGVPDWHULDOL]DWLRQRI
PRUHGHFUHWDOSD\PHQWVWKDQDQWLFLSDWHG+RZHYHUWKHH[FHVVH[SHQGLWXUHZDV
PLQRUXQGHUFKDUJHGDSSURSULDWLRQV
Trend of Excess in the Grants and Appropriations
Table 2.5 Excess Expenditure during the last three years
(` in crore)
Year No of No. of Original Supplementary Actual Excess Growth
Voted Charged Provision Provision Expenditure rate in
Grant Appropriation percent
2014-15 3 3 44,508.75 2,818.12 47,817.24 490.37 -81.97
2015-16 1 5 907.37 2.26 985.50 75.87 -546.33
2016-17 1 3 10844.55 195.94 11073.62 33.13 -128.93
,5 RSHUDWHV RQH *UDQW IRU FDSLWDO H[SHQGLWXUH ,W GHDOV ZLWK H[SHQGLWXUH RQ
FRQVWUXFWLRQ DFTXLVLWLRQ DQG UHSODFHPHQW RI DVVHWV RI ,5 7KLV JUDQW KDV WKUHH
VHJPHQWVDQGGUDZVLWVIXQGLQJIURPWKUHHGLVWLQFWVRXUFHV
� CapitalEXGJHWDU\VXSSRUWDGYDQFHGE\JHQHUDOEXGJHWRI*RYHUQPHQWRI
,QGLD
� Railway FundsLQWHUQDOUHVRXUFHVNHSWXQGHUWKUHHGLIIHUHQWUHVHUYHV
� Railway Safety FundILQDQFHG E\ 5DLOZD\V¶ VKDUH RI GLHVHO FHVV IURP
&HQWUDO5RDG)XQGDQG
5HDSSURSULDWLRQRIIXQGVIURPRQHVHJPHQWRI*UDQWWRDQRWKHUVHJPHQWLVQRW
SHUPLVVLEOH
6HJPHQWZLVHDOORFDWLRQDQGH[SHQGLWXUHLVJLYHQLQWDEOHEHORZ
Table 2.6 Segment wise Expenditure under Grant No. 16
(` in crore)
Particulars Original Supplementary Total Actual Saving (-)/
Provision provision sanctioned Expenditure Excess (+)
provisions
Voted
Capital 90070.35 1519.45 91589.80 90186.63 (-) 1403.17
Railway Funds 16663.06 0 16663.06 12106.87 (-) 4556.19
Railway Safety Fund 10780.30 0 10780.30 10802.72 (+) 22.42
Total Voted 117513.71 1519.45 119033.16 113096.22 (-) 5936.94
Charged
Capital 49.17 170.83 220.00 228.05 (+) 8.05
Railway Funds 13.08 7.60 20.68 21.11 (+) 0.43
Railway Safety Fund 0 17.09 17.09 19.23 (+) 2.14
Total Charged 62.25 195.52 257.77 268.39 (+) 10.62
Charged
Depreciation 13.08 7.39 20.47 19.81 (-) 0.66
Reserve Fund
Development Fund 0 0.20 0.20 1.30 (+) 1.10
Capital Fund 0 0 0 0 0
Total Charged 13.08 7.59 20.67 21.11 (+) 0.44
Grand Total -Voted 16676.14 7.59 16683.73 12127.99 (-) 4555.74
and Charged
$QDO\VLV RI WKLV VHJPHQW RI JUDQW UHYHDOHG WKDW WKHUH ZHUH QHW VDYLQJV RI
` FURUHper centRIWKHVDQFWLRQHGJUDQW5HDVRQVIRUVDYLQJVDUH
OHVVH[SHQGLWXUHWRZDUGVPDWHULDOL]DWLRQRIOHVVFRQWUDFWXDOOLDELOLWLHV&RPSOHWLRQ
RI ZRUN GHOD\HGQRQ ILQDOLVDWLRQ RI WHQGHUV VORZ SURJUHVV RI ZRUN OHVV
PDWHULDOLVDWLRQDGMXVWPHQWRIVWRUHGHELWVWKDQDQWLFLSDWHGGHFUHDVHLQDFWLYLW\RI
FRQVWUXFWLRQDFTXLVLWLRQ RI UROOLQJ VWRFN WKDQ DQWLFLSDWHG OHVV SURFXUHPHQW RI
0 3LWHPVDQG:RUNVWDNHQXQGHU56)
➢ Railway Safety Fund
7KLVVRXUFHRIFDSLWDOH[SHQGLWXUHLVIXQGHGE\,5¶VVKDUHRIGLHVHOFHVVLQ&HQWUDO
5RDG)XQG$YDLODEOHIXQGLVXWLOL]HGIRUURDGVDIHW\ZRUNVOLNHPDQQLQJRIXQ
PDQQHGUDLOZD\FURVVLQJDQGFRQVWUXFWLRQRIURDGRYHUXQGHUEULGJHV7KHUHZHUH
DQ H[FHVV H[SHQGLWXUH RI ` FURUH DJDLQVW VDQFWLRQHG JUDQW RI
` FURUHFRQVWLWXWLQJper centGXULQJ
7KH7DEOHEHORZGHSLFWVWKHVWDWXVRI%XGJHW(VWLPDWHDQG$FWXDOZLWKUHJDUG
WRµ$SSURSULDWLRQWRIXQGV¶DQGµ$PRXQWXWLOL]HG¶IURPWKHIXQGVGXULQJWKHODVW
WKUHH\HDUV
Table 2.8-Appropriation to Railway Funds and withdrawal there from during the
last three years ended 31 March 2017
(` in crore)
Fund Particulars 2014-15 2015-16 2016-17
DRF Appropriation to Fund(BE) 7,050.00 8,100.00 3,400.00
Appropriation to Fund(Actual) 7,975.00 5,800.00 5,400.00
Excess (+)/Short (-) appropriation 925 (-)2,300.00 (+) 2,000.00
Expenditure/withdrawal from 7,286.93 7,588.95 4,982.01
fund
DF Appropriation to Fund(BE) 300.00 5,750.00 2,515.00
Appropriation to Fund(Actual) 1,374.94 1,219.74 2,515.00
Excess (+)/Short (-) appropriation 1,074.94 (-)4,530.26 0
Expenditure/withdrawal from 2,611.07 2,931.6200 2,497.83
fund
CF Appropriation to Fund (BE) 5,662.74 7,615.71 5,750.00
Appropriation to Fund (Actual) 6,233.36 5,798.24 2,398.00
Excess (+)/Short (-) appropriation 570.62 (-)1,817.47 (-) 3,352.00
Expenditure/withdrawal from 5,449.24 6,324.74 3,000.00
fund
Total Appropriation to Fund (BE) 13,012.74 21,465.71 11,665.00
(Railway Appropriation to Fund (Actual) 15,583.30 12,817.98 10,313.00
Funds) Excess (+)/Short (-) appropriation 2,570.56 (-)8,647.73 (-) 1,352.00
Expenditure/withdrawal from 15,347.24 16,845.31 10,479.84
fund
)URPWKHDERYHLWFDQEHVHHQWKDWWKHDSSURSULDWLRQWRWKHIXQGVZDVPDGHXQGHU
')WRWKHH[WHQWWKHZRUNLQJH[SHQGLWXUHFRXOGEHDU'XULQJWKHUHZDVD
VDYLQJ XQGHU WKLV VHJPHQW RI FDSLWDO H[SHQGLWXUH E\ per cent RI %XGJHW
3URYLVLRQ
'5) ZKLFK LV FUHDWHG WR PHHW WKH UHTXLUHPHQW RI IXQGV QHHGHG IRU
UHQHZDOUHSODFHPHQWRIH[LVWLQJRYHUDJHGDVVHWVLVQRWEHLQJDSSURSULDWHGDVSHU
WKHOLIHRIWKHDVVHWVEXWWKHDSSURSULDWLRQLQWKHIXQGZDVPDGHWRWKHH[WHQWWKH
ZRUNLQJ H[SHQVHV FRXOG EHDU 'XULQJ WKHUH ZDV D VDYLQJ XQGHU WKLV
VHJPHQWRIFDSLWDOH[SHQGLWXUHE\per centRI%XGJHW3URYLVLRQ
&)WRPHHWWKHH[SHQGLWXUHRQOHDVHGDVVHWVWKHUHZDVDVDYLQJXQGHUWKLVVHJPHQW
RIFDSLWDOH[SHQGLWXUHE\per centRI%XGJHWSURYLVLRQ
,QVWDQFHVRIPLVFODVVLILFDWLRQRIH[SHQGLWXUHDQGRWKHUDFFRXQWLQJPLVWDNHV KDG
EHHQ QRWLFHG ZKLOH YHULI\LQJ WKH $FFRXQWV RI WKH =RQDO 5DLOZD\V &DVHV RI
PLVFODVVLILFDWLRQ RI H[SHQGLWXUH DQG LPSRUWDQW DFFRXQWLQJ PLVWDNHV KDYH EHHQ
OLVWHG LQ WKH ³$SSURSULDWLRQ $FFRXQWV RI ,5 'HWDLOHG $FFRXQWV3DUW ,,
7KHVHFDVHVLQFOXGHGPLVFODVVLILFDWLRQRIH[SHQGLWXUHIURPRQHUHYHQXHJUDQWWR
DQRWKHU DQG DOVR IURP UHYHQXH WR FDSLWDO JUDQW DQG YLFHYHUVD &DVHV RI
PLVFODVVLILFDWLRQRIH[SHQGLWXUHIURP9RWHGDQG&KDUJHGZHUHDOVRLGHQWLILHGLQ
DXGLW
7KH UHYLVHG $QQH[XUH- FRQWDLQLQJ FDVHV RI VXFK PLVFODVVLILFDWLRQV ZDV QRW
IXUQLVKHGE\WKH0R5
6RPHLQVWDQFHVRIPLVFODVVLILFDWLRQRIH[SHQGLWXUHDQGUHFHLSWVLQWKH$FFRXQWVRI
WKH=RQDO5DLOZD\VGXULQJDUHPHQWLRQHGEHORZ
Ɣ Misclassification between Revenue expenditure and Capital
expenditure
L ,QCRIUHLJKWDQGLQFLGHQWDOFKDUJHVDPRXQWLQJWR`FURUH
ZDVGHELWHGWR5HYHQXH*UDQW1R0LVFHOODQHLXV:RUNLQJ
([SHQVHVLQVWHDGRI*UDQW1R±&DSLWDO([SHQGLWXUH`
FURUH`FURUHVWRUHVSXUFKDVHVHFWLRQ
LL NR 5DLOZD\ $GPLQLVWUDWLRQ KDV ERRNHG DQ DPRXQW RI `
FURUHWRZDUGVPLVFHOODQHRXVZRUNRI75'DVVHWVLQ6DKQHZDO
$PULWVDUVHFWLRQWR*UDQW1R±&DSLWDO([SHQGLWXUHLQVWHDG
RI *UDQW 1R 5HSDLU DQG 0DLQWHQDQFH RI 3ODQWV DQG
(TXLSPHQWV
LLL ,Q NR H[SHQGLWXUH DPRXQWLQJ WR ` FURUH WRZDUGV
FDSLWDOL]HGFKDUJHVRIGHSRVLWZRUNZDVDFFHSWHGDQGFUHGLWHG
ZURQJO\RQ*UDQW1R7UDFN5HQHZDOLQVWHDGRI*UDQW1R
2SHUDWLQJ([SHQVHV±7UDIILF
LY ,QSCRDPRXQWRI `FURUHWRZDUGV'HHS6FUHHQLQJZDV
ERRNHGXQGHU*UDQW1R'5)LQVWHDGRI*UDQW1R
5HSDLUDQG0DLQWHQDQFHRI3HUPDQHQW:D\VDQG:RUNV
Y 6&5ERRNHGDQDPRXQWRI`FURUHWRZDUGVUHSODFHPHQWRI
FULWLFDOKHLJKW2+(WR*UDQW1R5HSDLUDQG0DLQWHQDQFHRI
3HUPDQHQW:D\VDQG:RUNVLQVWHDGRI*UDQW1R±'5)
YL ,QSECRDQDPRXQWLQJWR `FURUHWRZDUGV³2YHUKDXOLQJ
RI QRV WDPSLQJ XQLWV RI &60'XRPDWLF 0DFKLQH´ ZDV
ERRNHGWR'5)XQGHUZRUNV*UDQW±LQVWHDGRI*UDQW1R
±5HSDLUDQG0DLQWHQDQFHRI3ODQWDQG(TXLSPHQW
Ɣ Misclassification of expenditure under Revenue Grants
L ,QNRDQDPRXQWRI ` FURUHWRZDUGV+6'2LOXVHGIRU
*HQHUDWRU &DU ZDV ERRNHG XQGHU *UDQW 1R 2SHUDWLQJ
Report No. 1 of 2018 Page 41
14000
12054
12000 10685
10000
` in Crore 8082 8023
8000
6000 5338
4000
2000
0
2012-13 2013-14 2014-15 2015-16 2016-17
7KH XQVDQFWLRQHG H[SHQGLWXUH QXPEHU RI WKH LWHPV LQYROYHG DQG SHUFHQWDJH
DJDLQVW WRWDO H[SHQGLWXUH GXULQJ WKH \HDU IURP WR DUH JLYHQ LQ
WDEOHDVXQGHU
Table 2.9-Cases of Unsanctioned Expenditure
(` in crore)
<HDU 7RWDO 8QVDQFWLRQHG([SHQGLWXUH 3HUFHQWDJHRI
([SHQGLWXUH 1RRI,WHPV $PRXQW WRWDO
LQYROYHG LQYROYHG H[SHQGLWXUH
$UHYLHZRIVXFKH[SHQGLWXUHKHOGXQGHUREMHFWLRQGLVFORVHGDQLQFUHDVLQJWUHQG
IURP WR ZLWK LQFUHDVH LQ QXPEHU RI LWHPV +RZHYHU LQ
FRPSDULVRQ WR WKH SUHYLRXV \HDU GXULQJ WKH QXPEHU RI LWHPV KDV EHHQ
UHGXFHGE\LWHPVDQGDPRXQWUHGXFHGE\per cent%XWGXULQJ
D VKDUS LQFUHDVH LQ DPRXQW RI XQVDQFWLRQHG H[SHQGLWXUH UHJLVWHUHG ZKHUHDV WKH
QXPEHURIWKHLWHPVUHGXFHGIURPWR
2.7 Conclusion
7KH$SSURSULDWLRQ$FFRXQWVUHIOHFWVWKHFRPSDULVRQRIWKHDFWXDOH[SHQGLWXUHZLWK
WKHDPRXQWRIJUDQWVYRWHGE\WKH3DUOLDPHQWDQGDSSURSULDWLRQVVDQFWLRQHGE\WKH
3UHVLGHQW$UWLFOHRIWKH&RQVWLWXWLRQSURYLGHVWKDWQRPRQH\EHZLWKGUDZQ
IURPWKH&RQVROLGDWHG)XQGRI,QGLDH[FHSWXQGHUDSSURSULDWLRQVPDGHE\ODZ
SDVVHGLQDFFRUGDQFHZLWKWKHSURYLVLRQVRIWKH$UWLFOH)XUWKHU*HQHUDO)LQDQFLDO
5XOHVVWLSXODWHVWKDWQRGLVEXUVHPHQWVEHPDGHZKLFKPLJKWKDYHWKHHIIHFW
RIH[FHHGLQJWKHWRWDOJUDQWRUDSSURSULDWLRQVDXWKRULVHGE\WKH3DUOLDPHQWIRUD
ILQDQFLDO\HDUH[FHSWDIWHUREWDLQLQJDVXSSOHPHQWDU\JUDQWRUDQDGYDQFHIURPWKH
&RQWLQJHQF\)XQG
'XULQJ 0LQLVWU\ RI 5DLOZD\V DJDLQVW WKH VDQFWLRQHG JUDQW RI
` FURUH LQ UHVSHFW RI 5HYHQXH *UDQWV DQG RQH &DSLWDO *UDQW
Sum of Original and Supplementary Grants
Report No. 1 of 2018 Page 43
30
Para 201 of Indian Railways Code for the Accounts Department (Part-I)
31
Block Account exhibits all the physical assets financed from different sources
32
New or additional improvement/replacement works (other than Passenger amenities works)
costing less than `
` one lakh from revenue.
33
Plan Heads included activities like New Lines, Gauge Conversion, Doubling, Track
Renewals, Railway Electrification, Rolling Stock, Machinery and Plant, Workshops and
Production Units etc.
34
Detailed Appropriation Accounts includes Budget and Expenditure under different Grants,
Statements, Annexures, Block Account, Balance Sheet, Profit and Loss Account etc. and
presented to the Parliament.
35
Strategic Lines-Railway lines of strategic importance constructed at the request of Defence
and under operation in four Zonal Railways viz. NR, NWR, WR and NEFR.
Report No.
Report No. 11 of
of 2018
2018 Page4646
Page
Chapter 3 Accounting
Chapter of Assets
3 Accounting in Indian
of Assets Railways
in Indian Railways
$VVHWV FUHDWHG XQGHU GLIIHUHQW VRXUFHV RI IXQGV LQ ,5 DW WKH HQG RI
ZHUHDVXQGHU
Table 3.2-Value of Assets created in IR at the end of 2015-16
Sl. No. Source Value of Assets created
(` in crore)
&DSLWDO/RDQ$FFRXQW
'5)
')
&)
56)
656)
2/:5
0LVFHOODQHRXV
7RWDO
Source: Part II-Detailed Appropriation Accounts-Annexure 'G'-Part-II-Statement of Block
Account of Indian Government Railways including Loan Account (Commercial and
Strategic)-2015-16
)URPWKHDERYHLWFDQEHVHHQWKDWWKHPDMRUVRXUFHRIDVVHWVFUHDWLRQLQ,5ZDV
*%6per centIROORZHGE\'5)per centDQG&)per cent
RIWKHWRWDODVVHWVFUHDWHG
5HYLHZRI%ORFN$FFRXQWRI,5UHYHDOHGWKHIROORZLQJ
� )L[HG $VVHWV VXFK DV EXLOGLQJV WUDFN VWUXFWXUHV HWF DUH QRW VHSDUDWHO\
GHSLFWHG LQ WKH %ORFN $FFRXQW )RU PDLQWDLQLQJ WUDQVSDUHQF\ LQ WKH
$FFRXQWV DQG GLVFORVLQJ WKH FRUUHFW SLFWXUH RI DOO WKH IL[HG DVVHWV WKH
H[LVWLQJIRUPDWRI%ORFN$FFRXQWQHHGVUHYLVLRQVRDVWRH[KLELWWKHYLWDO
IL[HGDVVHWVIRUXVHRIYDULRXVVWDNHKROGHUV
� ,QWKH%ORFN$FFRXQWYDOXHRIDVVHWVLVVKRZQXQGHUFHUWDLQ3ODQ+HDGV
XQGHUHDFKVRXUFHRIIXQG$VSHU,QGLDQ5DLOZD\)LQDQFH&RGH9ROXPH
,, VXEKHDG LV H[FOXVLYHO\ SUHVFULEHG WR UHFRUG DOO H[SHQGLWXUH RQ
DFTXLVLWLRQ RI ODQG 5DLOZD\ %RDUG ZKLOH IUDPLQJ LQ \HDU WKH
DOORFDWLRQ UXOHV IRU 3ODQ +HDG &RPSXWHULVDWLRQ DQG 3ODQ +HDG
6LJQDO DQG 7HOHFRPPXQLFDWLRQ :RUNV KDG QRW WDNHQ LQWR DFFRXQW
WKH LPSOLFDWLRQ RI DOORFDWLQJ VXEKHDG IRU SXUSRVHV RWKHU WKDQ ODQG
LH3DVVHQJHU5HVHUYDWLRQ6\VWHPDQG6WUXFWXUDO:RUNV
36
Contribution from Government of Maharashtra (CIDCO) etc.
$XGLWREVHUYHGWKDWH[SHQGLWXUHDPRXQWLQJWR` FURUHZDVVKRZQ
XQGHU VXEKHDG DQG VXEKHDG LQ VL[ =RQDO 5DLOZD\V GXULQJ
WR$VDUHVXOWWKHH[SHQGLWXUHLQFXUUHGRQKHDGV
RWKHU
WKDQODQG
LVDOVREHLQJVKRZQXQGHUWKHVXEKHDG
ODQG
+HQFH H[SHQGLWXUH XQGHU VXEKHDG LV QRW UHIOHFWLQJ WKH DFWXDO
H[SHQGLWXUHRQ
ODQG
LQWKH%ORFN$FFRXQWVRIWKH=RQDO5DLOZD\VDQGDV
ZHOODVFRQVROLGDWHG%ORFN$FFRXQWRI,57KHLQFRQVLVWHQF\LQDOORFDWLRQ
UXOHVDQGQRQFRUUHODWLRQZLWKSUHVFULEHGFROXPQVRI%ORFN$FFRXQWKDG
UHVXOWHGLQZURQJGHSLFWLRQRIYDOXHRI
ODQG
LQWKH%ORFN$FFRXQW
� &DSLWDO:RUNVLQSURJUHVVLQFOXGHVFRVWRIFRQVWUXFWLQJWKHIL[HGDVVHWV
EHIRUH FRQVWUXFWLRQ LV VXEVWDQWLDOO\ FRPSOHWH ([SHQGLWXUH RQ FDSLWDO
DVVHWVZKLFKDUHLQWKHSURFHVVRIFRQVWUXFWLRQRUQHDUFRPSOHWLRQWKRXJK
IRUPVSDUWRIWKHWRWDO%ORFN$VVHWVLWLVQRWGLVWLQFWO\VKRZQLQWKH%ORFN
$FFRXQW+HQFHWKHDPRXQWRIFDSLWDOH[SHQGLWXUHLQFXUUHGRQRQJRLQJ
SURMHFWV LQ WKH =RQDO 5DLOZD\V ZDV QRW DVFHUWDLQDEOH IURP WKH %ORFN
$FFRXQWV7KHIRUPDWRI%ORFN$FFRXQWQHHGVPRGLILFDWLRQWRH[KLELWWKH
DFWXDOH[SHQGLWXUHLQFXUUHGRQWKHRQJRLQJSURMHFWV
,WZDVREVHUYHGWKDWWKHUHZHUHRQJRLQJSURMHFWV1HZ/LQH
*DXJH &RQYHUVLRQ DQG 'RXEOLQJ LQ ,5 DW WKH HQG RI
ZKHUHLQ D VXP RI ` FURUH ZDV VSHQW XS WR +RZHYHU
WKLVIDFWZDVQRWUHIOHFWHGVHSDUDWHO\DV
&DSLWDOZRUNVLQSURJUHVV
LQWKH
%ORFN$FFRXQWVRIWKH=RQDO5DLOZD\VDQG,5
� $Q\FRVWLQFXUUHGIRULPSURYHPHQWRIDVVHWVZKLFKUHVXOWVLQLQFUHDVLQJ
WKHOLIHRUWKHXWLOLW\RIDVVHWLVFRQVLGHUHGDVFRVWRILPSURYHPHQW3DUD
RI,QGLDQ5DLOZD\)LQDQFLDO&RGH9ROXPH,SURYLGHVWKDWWKHFRVW
RILPSURYHPHQWZLOOEHH[FHVVRYHUWKHFRVWRIUHSODFHPHQWRIDQDVVHW
DW FXUUHQW SULFHV E\ D OLNH DVVHW RU LWV RULJLQDO FRVW HVWLPDWHG LI QRW
NQRZQ ZKLFKHYHU LV JUHDWHU 3DUD RI ,QGLDQ 5DLOZD\V &RGH IRU
(QJLQHHULQJ 'HSDUWPHQW PHQWLRQV WKDW LQ WKH HVWLPDWHV IRU UHSODFHPHQW
DQGUHQHZDOZRUNVLWVKRXOGEHFOHDUO\VWDWHGZKHWKHUDQ\LPSURYHPHQW
LV LQYROYHG LQ WKH SURSRVHG ZRUNV DQG LI VR WKH H[WHQW RI VXFK
LPSURYHPHQWVKRXOGEHEULHIO\LQGLFDWHGVRDVWRHQDEOHWKHSUHSDUDWLRQRI
WKH%ORFN$FFRXQW
$XGLW REVHUYHG WKDW WKH DERYH SURYLVLRQV IRU ZRUNLQJ RXW WKH FRVW RI
DVVHWV DFTXLUHG WKURXJK 'HSUHFLDWLRQ 5HVHUYH )XQG DQG H[KLELWLRQ RI
37
Sub-head 1720 - ` 6.99 crore (2013-14-CR, NEFR)), ` 14.39 crore (2014-15-CR, NEFR,
NWR, SR) and ` 6.32 crore (2015-16-CR, ECoR). Sub-head-3320- ` 0.33 crore (2013-14-SR),
` 0.27 crore (2014-15-SR, SWR) and ` 0.21 crore (2015-16-SWR).
38
Expenditure incurred against ongoing projects
39
Standing Committee Report on Railways (2015-16) Sixteenth Lok Sabha Tenth Report on
Pending Projects
40
To be worked out on the basis of formulae given in Annexure-I of Para 430 of Indian
Railway Financial Code (Volume-I).
LPSURYHPHQW HOHPHQW LQ WKH %ORFN $FFRXQW ZHUH QRW DGKHUHG WR LQ
=RQDO5DLOZD\VDQGWZR3URGXFWLRQ8QLWV=RQDO5DLOZD\VZHUHXVLQJ
GLIIHUHQW PHWKRGV IRU ZRUNLQJ RXW WKH LPSURYHPHQW HOHPHQW ZKLFK
UHVXOWHGLQXQGHUVWDWHPHQWRYHUVWDWHPHQWRIDVVHWVLQWKH%ORFN$FFRXQWV
7KH PHWKRGV IRU ZRUNLQJ RXW WKH LPSURYHPHQW HOHPHQW E\ WKH VRPH RI
WKH=RQDO5DLOZD\V3URGXFWLRQ8QLWVZHUHDVXQGHU
� ,Q6&5WKHUHZDVQRXQLIRUPLW\LQWKHH[KLELWLRQRILPSURYHPHQW
HOHPHQW LQ %ORFN $FFRXQW DQG WKH ILHOG XQLWV ZHUH DGRSWLQJ
GLIIHUHQWPHWKRGVIRUFDOFXODWLRQRILPSURYHPHQWHOHPHQW
� ,Q 15 D IL[HG SHUFHQWDJH RI ZDV WDNHQ LQWR DFFRXQW IRU
ZRUNLQJRXWWKHLPSURYHPHQWHOHPHQW
� ,Q 6:5 DQG 5:) WKH DFWXDO H[SHQGLWXUH LQFXUUHG RQ WKH
SURFXUHPHQW RI PDFKLQHU\ ZDV WDNHQ LQWR DFFRXQW LQ WKH EORFN
$FFRXQWDQGQRWRQWKHEDVLVRILPSURYHPHQWHOHPHQW
3.2 Exhibition of Assets in Balance Sheet
%DODQFH6KHHW LV D VWDWHPHQWRIILQDQFLDOSRVLWLRQRIWKHRUJDQL]DWLRQLQGLFDWLQJ
LWVDVVHWVOLDELOLWLHVHWFDWDVSHFLILFSRLQWRIWLPH5HYLHZRI%DODQFH6KHHWRI,5
UHYHDOHGWKHIROORZLQJ
� ,5 GRHV QRW IROORZ WKH V\VWHP RI GLVFORVLQJ WKH VLJQLILFDQW DFFRXQWLQJ
SROLFLHVZKLFKVKRXOGIRUPWKHYHU\EDVLVRISUHSDUDWLRQRIDQ\)LQDQFLDO
6WDWHPHQWVXFKDV$FFRXQWLQJRI)L[HGDVVHWV'HSUHFLDWLRQDQGSURYLVLRQ
RIOLDELOLW\IRUSHQVLRQHWF
� %DODQFH6KHHWRI,5GHSLFWV%ORFN$VVHWVDWWKHLURULJLQDOFRVWDQGQRWDW
GHSUHFLDWHGYDOXH,WLVKRZHYHUUHGXFHGIURPLWVDFFRXQWDWWKHWLPHRI
UHSODFHPHQWUHQHZDO RU FRQGHPQDWLRQ ZLWKRXW UHSODFHPHQW 7KXV WKH
YDOXH RI EORFN DVVHWV DV GHSLFWHG LQ WKH %DODQFH 6KHHW GLG QRW UHSUHVHQW
WKHWUXHZULWWHQGRZQYDOXHRIWKHDVVHWV
� ,QYHVWPHQWVDUHDVVHWVKHOGE\DQHQWHUSULVHIRUHDUQLQJLQFRPHE\ZD\
RI GLYLGHQGV LQWHUHVW DQG UHQWDOV IRU FDSLWDO DSSUHFLDWLRQ RU IRU RWKHU
EHQHILWV WR WKH LQYHVWLQJ HQWHUSULVH $FFRUGLQJ WR $FFRXQWLQJ 6WDQGDUGV
WKH DFFRXQWLQJ SROLF\ FODVVLILFDWLRQ RI LQYHVWPHQWV ^ORQJ WHUP
LQYHVWPHQW FXUUHQW LQYHVWPHQW LQYHVWPHQW SURSHUW\ LH LQYHVWPHQW LQ
ODQGRUEXLOGLQJV`DQGSURILWORVVRQGLVSRVDOVKRXOGEHGLVFORVHGLQWKH
ILQDQFLDOVWDWHPHQWV,QYHVWPHQWVPDGHE\WKH&RPSDQ\DUHUHIOHFWHGRQ
$VVHWV6LGHRIWKH%DODQFH6KHHWRIWKH&RPSDQ\
41
CR, ER, ECR, ECoR, NR, NCR, Metro Railway/Kolkata, NWR, SR, SER, SECR, WCR,
CLW and RWF.
42
Accounting Standards 13 on Accounting for Investments.
43
Issued by the Ministry of Corporate Affairs.
44
Para 1720 of Indian Railways Code for Engineering Department
45
ER, NR, NCR, SR, SCR, SWR and NEFR.
46
CR, ECR, ECoR, NWR, SER, SECR,WR, WCR, NER, Metro Railway /Kolkata, RWF,RCF,
ICF, DMW.
,QWHUPVRI3DUDRI,QGLDQ5DLOZD\:D\DQG:RUNV0DQXDODQG3DUDRI
,QGLDQ 5DLOZD\ &RGH IRU (QJLQHHULQJ 'HSDUWPHQW =RQDO 5DLOZD\
$GPLQLVWUDWLRQV DUH UHVSRQVLEOH WR PDLQWDLQ D FRPSOHWH XSWRGDWH OLVW RI DOO
EXLOGLQJV ERWK UHVLGHQWLDO DQG VHUYLFH LQ HDFK 'LYLVLRQ 5HJLVWHU VKRXOG EH
UHYLHZHGE\WKH'LYLVLRQDO(QJLQHHUHYHU\TXDUWHUWRVHHWKDWWKHLQIRUPDWLRQLV
FRPSLOHG SURSHUO\ DQG WKH 5HJLVWHU LV PDLQWDLQHG XSWRGDWH 8SWRGDWH
%XLOGLQJ 5HJLVWHU VKRXOG DOVR EH PDLQWDLQHG LQ &KLHI (QJLQHHU¶V 2IILFH DQG
$FFRXQWV 2IILFH ,W LV WKH UHVSRQVLELOLW\ RI WKH (QJLQHHULQJ 'HSDUWPHQW WR
PDLQWDLQ WKH OLVW RI EXLOGLQJV JURXSHG VHSDUDWHO\ IRU HDFK SRRO RI UHVLGHQWLDO
EXLOGLQJVDQGWDOOLHGZLWKWKHFDSLWDORXWOD\
$XGLWREVHUYHGWKDW%XLOGLQJ5HJLVWHUZDVQRWPDLQWDLQHGLQ$FFRXQWV2IILFHRI
DOO =RQDO 5DLOZD\V H[FHSW WKUHH =RQDO 5DLOZD\V &5 (&R5 DQG 6(5 7KH
(QJLQHHULQJ 'HSDUWPHQW &KLHI (QJLQHHU
V 2IILFH DQG 'LYLVLRQDO (QJLQHHU
V
2IILFH RI WKUHH =RQDO 5DLOZD\V (5 15 DQG 65 DQG &25( GLG QRW PDLQWDLQ
WKH %XLOGLQJ 5HJLVWHU ,Q HLJKW =RQDO 5DLOZD\V3URGXFWLRQ 8QLWV WKRXJK WKH
%XLOGLQJ5HJLVWHUZDVPDLQWDLQHGWKHVDPHZDVQRWXSGDWHG
47
Paragraph 806 (b) of Indian Railways Way and Works Manual
48
ER, NR,SR, SWR.
49
ER, ECoR, NR, NCR, NWR, SR, SECR, SWR, WR.
50
ECR, SCR, NER, ICF/Perambur and RWF/Yehalanka
51
Paragraph 4.6.2.3 of Chapter 4 of Railway Audit Report No. 24 of 2015 (Volume-II)
52
CR, ECR, NWR, SCR,SWR, Metro Railway/ Kolkata, ICF/Perambur and RWF/Yehalanka
,QGLDQ 5DLOZD\ )LQDQFH &RUSRUDWLRQ ,5)& LV GHGLFDWHG ILQDQFLQJ DUP RI WKH
0R5 6LQFH LWV LQFHSWLRQ LQ 'HFHPEHU ,5)& LV UDLVLQJ PRQH\ IURP WKH
PDUNHWWRSDUWILQDQFHWKHSODQRXWOD\RI,55ROOLQJ6WRFNDVVHWVIXQGHGE\WKH
,5)&DUHOHDVHGWRWKH 0R5XQGHUILQDQFHOHDVH,5SD\VOHDVHFKDUJHVWRWKH
&RPSDQ\ ,5)& 7KH DFFRXQWLQJ RI UROOLQJ VWRFNV RI ,5)& LQ WKH ERRNV RI
DFFRXQWVRI,5ZDVH[DPLQHGLQDXGLWDQGWKHIROORZLQJVZHUHQRWLFHG
� /HDVH FKDUJHV SDLG WR ,5)& LQ UHVSHFW RI WKHVH DVVHWV KDYH WZR
FRPSRQHQWV3ULQFLSDO FRPSRQHQW DQG LQWHUHVW 3ULRU WR WKHVH
SD\PHQWVZHUHIXOO\PHWIURP5HYHQXH*UDQW1R2SHUDWLQJ([SHQVHV
7UDIILF +RZHYHU IURP WKH DFFRXQWLQJ SROLF\ LQ UHVSHFW RI
DFFRXQWLQJ RI OHDVH FKDUJHV SD\DEOH WR ,5)& ZDV PRGLILHG DQG WKH
SULQFLSDOFRPSRQHQWZDVWREHFKDUJHGWR&DSLWDO)XQG3ODQ+HDG
*UDQW 1R DQG LQWHUHVW FKDUJHV XQGHU 5HYHQXH *UDQW 1R ,W ZDV
REVHUYHG WKDW 0R5 KDG YLRODWHG LWV DFFRXQWLQJ SROLF\ DQG PDGH
SD\PHQW RI SULQFLSDO FRPSRQHQW RI ` FURUH IURP *URVV
%XGJHWDU\ 6XSSRUW LH &DSLWDO GXULQJ WR 0R5
DGPLWWHGLWVDEHUUDWLRQDQGIURPLWUHVWDUWHGPDNLQJSD\PHQWRI
SULQFLSDO FRPSRQHQW IURP LWV RZQ UHVRXUFH LH &DSLWDO )XQG 6LQFH WKH
H[SHQGLWXUHRI`FURUHRQSULQFLSDOFRPSRQHQWRIOHDVHFKDUJHV
ZDVPHWIURP&DSLWDOWKHVDPHZDVUHIOHFWHGLQWKH%ORFN$FFRXQWXQGHU
VRXUFHRIIXQG
&DSLWDO
,WZDVREVHUYHGWKDWGXULQJ0R5KDG
DJDLQ PDGHDSD\PHQWRI `FURUHWRZDUGVSULQFLSDO FRPSRQHQW
RI OHDVH FKDUJHV WR ,5)& IURP *URVV %XGJHWDU\ 6XSSRUW LH &DSLWDO
ZKLFKZDVLQYLRODWLRQRIDFFRXQWLQJSROLF\
� ([SHQGLWXUH RQ DFTXLVLWLRQ RI 5ROOLQJ 6WRFNV LV DFFRXQWHG IRU DQG
GHSLFWHGXQGHU3ODQ+HDGDQGVKRZQLQWKH%ORFN$FFRXQWV$VSHU
FRQVROLGDWHG%ORFN$FFRXQWYDOXHRI5ROOLQJ6WRFNVLQ,5ZDV
DW ` FURUH 7LOO 0DUFK UROOLQJ VWRFN DVVHWV
/RFRPRWLYHV 3DVVHQJHU &RDFKHV :DJRQV 7UDFN
0DFKLQHVDQG&UDQHVYDOXHGDW`FURUHKDYHEHHQDGGHGWRWKH
53
NEFR, SWR, WR and DMW/ Patiala
54
Finance lease is a lease that transfers substantially all the risks and rewards incidental to
ownership of an asset to the lessee.
55
Audit comments made in Para No. 1.11 of Report No.53 of 2015-Union Government
(Railways)-Railways Finances
DVVHW EDVH RI WKH ,5 ZLWK IXQGLQJ DVVLVWDQFH IURP ,5)& +RZHYHU WKH
DVVHWV OHDVHGE\ ,5)&WR 5DLOZD\V ZKLFKDFFRXQWHGIRUWZRWKLUGRIWKH
WRWDOUROOLQJVWRFNRI,5 KDGQRWEHHQVKRZHGDV GLVFORVXUHLQ WKH%ORFN
$FFRXQWRIWKH5DLOZD\V
� 7KH YDOXH RI DVVHWV UROOLQJ VWRFNV WDNHQ RQ OHDVH IURP ,5)& DUH QRW
EHLQJ GHSLFWHG LQ WKH %ORFN $FFRXQWV DQG %DODQFH 6KHHWV RI WKH
5DLOZD\V +RZHYHU D GLVFORVXUH LV EHLQJ PDGH EHORZ WKH 6XPPDULVHG
%DODQFH 6KHHW VKRZQ LQ WKH 3ULQWHG $SSURSULDWLRQ $FFRXQWV3DUW,
5HYLHZ $V SHU GLVFORVXUH EHORZ WKH VXPPDULVHG %DODQFH 6KHHW
WRWDO YDOXH RI DVVHWV WDNHQ RQ OHDVH E\ 0R5 IURP ,5)& ZDV
`FURUHXSWR0DUFKZKHUHDVWKHYDOXHRIDVVHWVRI
,5)& VKRZQ LQ WKH ,5 <HDU %RRN DQG ,5)&
V $QQXDO 5HSRUW
ZDV ` FURUH DQG ` FURUH UHVSHFWLYHO\ DW WKH
HQGRI 7KXVWKHUHLVYDULDWLRQLQWKHYDOXHRIOHDVHGDVVHWVRI
,5)&ZKLFKQHHGVUHFRQFLOLDWLRQ
� 0R5SURYLGHVDFHUWLILFDWHHDFK\HDUWKDWWKHOHDVHGDVVHWVDUHPDLQWDLQHG
LQ JRRG FRQGLWLRQ DV SHU QRUPV SURFHGXUHV DQG VWDQGDUGV 7KH EDVLV RI
FHUWLILFDWLRQ RI H[LVWHQFH RI DVVHWV E\ WKH =RQDO 5DLOZD\V FRXOG QRW EH
YHULILHGLQDXGLWDVQRVHSDUDWH$VVHWV5HJLVWHUIRUUROOLQJVWRFNVSURFXUHG
WKURXJK,5)&IXQGLQJZDVPDLQWDLQHGE\WKH=RQDO5DLOZD\V
3.4.1 Condemnation of Rolling Stock acquired through IRFC
funding
3DUDRI,QGLDQ5DLOZD\)LQDQFLDO&RGH9ROXPH,HQYLVDJHVZULWLQJ
RIIWKH FDSLWDO FRVW RI DVVHWV DEDQGRQHGZLWKRXW EHLQJ UHSODFHG IURP WKH
ERRNVE\FRQWUDGHELWWR'5)2PLVVLRQRIZULWHEDFNDGMXVWPHQWVIRUWKH
56
Part-I-Review-Appropriation Accounts (2015-16)
FRQGHPQHG DVVHWV ZRXOG UHVXOW LQ DYRLGDEOH SD\PHQW RI GLYLGHQG WR
JHQHUDO UHYHQXHV IRU QRQH[LVWLQJ DVVHWV $XGLW REVHUYHG WKDW QR
LQVWUXFWLRQVIRUFDUU\LQJRXWWKHZULWHEDFNDGMXVWPHQWVIRUFRQGHPQDWLRQ
RI DVVHWV DFTXLUHG WKURXJK ,5)& IXQGLQJ ZHUH LVVXHG WR WKH =RQDO
5DLOZD\VE\WKH0R5$VDUHVXOWWKHUHZDVQRXQLIRUPLW\LQDFFRXQWLQJ
RI UROOLQJ VWRFNV ZKLFK ZHUH DFTXLUHG WKURXJK ,5)& IXQGLQJ DQG
FRQGHPQHGLQWKH=RQDO5DLOZD\V7KHIROORZLQJLQVWDQFHVZHUHQRWLFHG
� ,Q WZR =RQDO 5DLOZD\V 1()5 DQG :&5 YDOXH RI FRQGHPQHG UROOLQJ
VWRFNV DFTXLUHG WKURXJK ,5)& IXQGLQJ ZDV UHGXFHG WKURXJK ZULWH EDFN
DGMXVWPHQWV +RZHYHU QR UHGXFWLRQ LQ WKH YDOXH RI UROOLQJ VWRFNV
DFTXLUHG WKURXJK ,5)& GXH WR FRQGHPQDWLRQ ZDV PDGH LQ WZR =RQDO
5DLOZD\V
� ,Q 6&5 DXGLW KDG SRLQWHG RXW DQG WKH LVVXH RI QRQ
H[KLELWLRQ RI YDOXH RI FRQGHPQHG UROOLQJ VWRFN DFTXLUHG WKURXJK ,5)&
IXQGLQJ ` FURUHLQWKHµ6WDWHPHQWRI&UHGLWVWR &DSLWDO IRUUHWLUHG
DVVHWV¶
� ,Q 6(5 QR ZULWH EDFN DGMXVWPHQW IRU UROOLQJ VWRFNV DFTXLUHG WKURXJK
,5)&IXQGLQJDPRXQWLQJWR` FURUHFRQGHPQHGGXULQJWR
ZHUHFDUULHGRXWDQGDOVRQRWVKRZQLQWKH6WDWHPHQWRI&UHGLWV
WRFDSLWDOIRUUHWLUHGDVVHWV
7KXVWKHYDOXHRIDVVHWV5ROOLQJVWRFNVKRZQLQ%ORFN$FFRXQWVZHUH
RYHUVWDWHG GXH WR QRQFDUU\LQJ RXW WKH ZULWH EDFN DGMXVWPHQWV IRU
FRQGHPQHGQRQH[LVWLQJUROOLQJVWRFNV
57
Railway Convention Committee recommended that Dividend to General Revenues by the
Railways may be waived off for 2016-17. After merger of Railway Budget with General Budget
from 2017-18, GOI decided to exempt Railways from payment of Dividend to General
Revenues.
58
SCR and SER
Wagons ± 7KH DSSRUWLRQ RI OHDVH FRPSRQHQW RI ZDJRQV LV GRQH RQ WKH
EDVLV RI WDUJHWHG ZDJRQ KROGLQJ LVVXHG IURP WLPH WR WLPH E\ WKH 7UDIILF
7UDQVSRUWDWLRQ'LUHFWRUDWH
Locomotives and Coaches 2Q WKH EDVLV RI RZQHUVKLS KROGLQJ DV
SURYLGHGLQWKH$QQXDO6WDWLVWLFDO6WDWHPHQWE\6WDWLVWLFV'LUHFWRUDWH
Track Machines ± ,Q WKH UDWLR RI DFWXDO ,5)& LQYHVWPHQW RQ 7UDFN
0DFKLQHSURYLGHGWRLQGLYLGXDO5DLOZD\V
)URPWKH DERYHLWLV HYLGHQW WKDWSULQFLSDOFRPSRQHQW DQGLQWHUHVW LV QRW EHLQJ
GLVWULEXWHGRQWKHEDVLVRIUROOLQJVWRFNHWFDFWXDOO\KHOGE\WKH=RQDO5DLOZD\V
7KHDGKRFGLVWULEXWLRQPD\UHVXOWLQXQGHUVWDWHPHQWRYHUVWDWHPHQWRISULQFLSDO
FRPSRQHQW RI OHDVH FKDUJHV LQ WKH EORFN DFFRXQW EHVLGHV LPSDFW RQ RSHUDWLQJ
UDWLRRIWKH=RQDO5DLOZD\V.
3.5 Accounting and disclosure of EBR (IF) funded projects
,5 KDG VWDUWHG ERUURZLQJ IXQGV IURP LQVWLWXWLRQDO VRXUFHV VR DV WR HQVXUH
DYDLODELOLW\ RI IXQGV IRU FRPSOHWLRQ RI SURMHFWV YL] 1HZ /LQHV *DXJH
&RQYHUVLRQ 'RXEOLQJ 7UDIILF IDFLOLW\ ZRUNV DQG 5DLOZD\ (OHFWULILFDWLRQ HWF
FULWLFDO IRUWKH5DLOZD\VIRUJHQHUDWLRQRIUHYHQXHV (%5,)IXQGHGSURMHFWV
ZRXOGEHWUHDWHGOLNH'HSRVLW:RUNVIRUDFFRXQWLQJRIIXQGVIORZ(DFK=RQDO
5DLOZD\VKDOORSHUDWHDQDFFRXQWIRU(%5,)IXQGHGSURMHFWVLQ'HSRVLW0LVF
5HJLVWHU
$XGLWREVHUYHGWKDWDVXPRI`FURUHZDVVSHQWXQGHU(%5,)GXULQJ
+RZHYHU WKLV IDFW ZDV QRW LQGLFDWHG LQ WKH %ORFN $FFRXQWV RI WKH
FRQFHUQHG =RQDO 5DLOZD\VDQG LQ WKH FRQVROLGDWHG%ORFN$FFRXQWRI ,5 IRUWKH
\HDU DV D GLVFORVXUH IRU H[SHQGLWXUH LQFXUUHG LQ WKH UDLOZD\ SURMHFWV
WKURXJK(%5,)IXQGLQJ
$V SHU 3URFHGXUH 2IILFH 2UGHU 322 LVVXHG YLGH 5DLOZD\ %RDUG¶V OHWWHU 1R
$&,,591/ GDWHG RZQHUVKLS RI WKH DVVHWV FUHDWHG E\
591/ ZRXOG YHVW LQ LW XQWLO WKHVH DUH WUDQVIHUUHG WR 5DLOZD\V $IWHU SK\VLFDO
FRPSOHWLRQRIDSURMHFWE\591/WKHDVVHWZRXOGEHVWUDLJKWDZD\WUDQVIHUUHGWR
FRQFHUQHG=RQDO5DLOZD\V7KH=RQDO5DLOZD\VZLOODGGWKHYDOXHRIWKHFUHDWHG
DVVHWVLQWKHLU%ORFN$FFRXQWV
59
Paragraph 1 of P.O.O. No. 2015/FS Cell/1/2 dated 23.10.2015.
60
Extra Budgetary Resources-Institutional Finance (Life Insurance Corporation of India)
61
Expenditure under EBR (IF) during 2016-17 was ` 11,465.15 crore as reported by Accounts
Directorate of Railway Board.
62
In supersession of Procedure Office Order No. 2011/ACII/1/6/RVNL dated 17-12-2013
Paragraph 2.2.2 and 2.3.1 to 2.3.3 of Revised P.O.O. No. 2011/AC II/1/6 /RVNL dated 30-12-
2016
$V SHU 322 591/ ZLOO SURYLGH \HDU ZLVH GHWDLOV RI H[SHQGLWXUH WR 5DLOZD\
%RDUG7KH5DLOZD\%RDUGZLOOSDVVRQWKHLQIRUPDWLRQWR15,QWXUQ15ZLOO
WUDQVIHUWKHVHSURMHFWVWRUHVSHFWLYH=RQDO5DLOZD\V7KLVZRXOGLQYROYHWUDQVIHU
ZLWKRXW ILQDQFLDO DGMXVWPHQW IURP 3ODQ+HDG XQGHU15 WR WKHDSSURSULDWH
3ODQ+HDGVXQGHUWKHFRQFHUQHG=RQDO5DLOZD\V7KH=RQDO5DLOZD\VVKDOOGHELW
LWVUHOHYDQWSODQKHDGVXQGHUUHOHYDQWVRXUFHRIILQDQFH3URMHFWVRQFHFRPSOHWHG
ZLOO UHPDLQ DV OHDVHG DVVHWV LQ WKH ERRNV RI 591/ WLOO WKH ORDQ LV FRPSOHWHO\
UHSDLGHYHQDIWHUWKHSURMHFWLVWUDQVIHUUHGWR=RQDO5DLOZD\ 7KHFRVWRIDVVHW
VKDOOEHSURJUHVVLYHO\UHGXFHGLQWKHERRNVRI591/ZLWKWKHFDSLWDOUHSD\PHQW
FRPSRQHQW DQG FRUUHVSRQGLQJ DPRXQW ZLOO EH DGGHG LQ WKH %ORFN $FFRXQW RI
=RQDO5DLOZD\VHYHU\\HDU
7HVWFKHFNRIUHFRUGVUHYHDOHGWKDW
� 3URFHGXUH HQYLVDJHG LQ WKH 322 ZDV QRW LPSOHPHQWHG LQ HLJKW =RQDO
5DLOZD\V
� ,QYHVWPHQWVLQWKH*RYHUQPHQW&RPPHUFLDOXQGHUWDNLQJV639DQG-RLQW
9HQWXUHV HWF DUH VWLOO EHLQJ VKRZQ LQ WKH %ORFN $FFRXQW RI 15 ZKLFK
FOHDUO\LQGLFDWHVWKDWQRDFWLRQKDVEHHQLQLWLDWHGWRWUDQVIHU WKHYDOXHRI
SURMHFWVFRPSOHWHGE\591/WRWKHFRQFHUQHG=RQDO5DLOZD\VWRH[KLELW
XQGHU WKH UHVSHFWLYH SODQ KHDGV WKURXJK ILQDQFLDO DGMXVWPHQWV 7KRXJK
WKHUH ZDV QR LPSDFW LQ FRQVROLGDWHG %ORFN $FFRXQW RI ,5 WKH %ORFN
$FFRXQWV RI WKH FRQFHUQHG =RQDO 5DLOZD\V UHPDLQHG XQGHUVWDWHG WR WKDW
H[WHQW
3.7 Depreciation policy of IR
$V SHU WKH FRPPHUFLDO V\VWHP RI DFFRXQWLQJ GHSUHFLDWLRQ UHSUHVHQWLQJ WKH
UHGXFWLRQ LQ YDOXH RI DVVHWV RQ DFFRXQW RI ZHDU DQG WHDU DQG XVDJH RYHU WKH
HVWLPDWHGHFRQRPLFOLIHREVROHVFHQFHLVFKDUJHGWRWKHLQFRPHVWDWHPHQWHYHU\
\HDU 'HSUHFLDWLRQ SROLF\ IRUPV DQ LPSRUWDQW SDUW RI WKH RYHUDOO ILQDQFLDO
DFFRXQWLQJ 'LVFORVXUH RI DFFRXQWLQJ SROLFLHV IRU GHSUHFLDWLRQ IROORZHG E\ WKH
HQWHUSULVH LV QHFHVVDU\ WR DSSUHFLDWH WKH YLHZ SUHVHQWHG LQ WKH ILQDQFLDO
VWDWHPHQWVRIWKHHQWHUSULVH
3DUD RI ,QGLDQ 5DLOZD\ )LQDQFLDO &RGH 9ROXPH , PHQWLRQV WKDW %XGJHW
(VWLPDWH IRU DSSURSULDWLRQ WR '5) LV EDVHG RQ WKH UHSODFHPHQW SURJUDPPH
LQFOXGLQJ DUUHDUV RI GHSUHFLDWLRQ LI DQ\ WR EH PDGH JRRG GXULQJ WKH IROORZLQJ
\HDU6XFKDQHVWLPDWHLVQRWDQLVRODWHGH[HUFLVHIRULWVSXUSRVHRIDQQXDOEXGJHW
EXWLVDSDUWRIWKHRYHUDOOUHVRXUFHVSODQQLQJRIWKHUDLOZD\VGHWHUPLQHGHDUOLHU
IRU WKH ILYH \HDUSODQSHULRGLQ FRQVXOWDWLRQ ZLWK WKH3ODQQLQJ &RPPLVVLRQ DQG
WKH0LQLVWU\RI)LQDQFHDQGDVDSSURYHGE\WKH5DLOZD\&RQYHQWLRQ&RPPLWWHH
,Q WKH 3DUD RI ,QGLDQ 5DLOZD\ )LQDQFLDO &RGH 9ROXPH , LW KDV EHHQ
Paragraph 6.3.3 of Revised P.O.O. No. 2011/AC II/1/6 /RVNL dated 30.12.2016.
65
ECoR, NWR, SR, SCR, SER, SECR, SWR, WR.
PHQWLRQHGWKDWHYHQWKRXJKWKHHVWLPDWHRIDSSURSULDWLRQWR'5)LVSUHSDUHGE\
WKH5DLOZD\%RDUGWKHDPRXQWILQDOO\IL[HGLVGLVWULEXWHGRYHUWKH5DLOZD\VRQ
WKHEDVLVRI&DSLWDODWFKDUJHRIHDFK5DLOZD\DWWKHHQGRIWKHSUHYLRXV\HDU
5HYLHZ RI DSSURSULDWLRQ WR '5) LWV GLVWULEXWLRQ DQG VWDWXV RI IXQG EDODQFHV LQ
WKH=RQDO5DLOZD\VDQG3URGXFWLRQ8QLWVUHYHDOHGWKHIROORZLQJ
� ,5 GHSLFWV DVVHWV DW WKHLU RULJLQDO FRVW DQG QRW DW GHSUHFLDWHG YDOXH
$SSURSULDWLRQWR'5)LVQRWEHLQJPDGHLQDVFLHQWLILFPDQQHUWDNLQJLQWR
DFFRXQWWKHKLVWRULFDOFRVWH[SHFWHGXVHIXOOLIHH[SHFWHGUHVLGXDOYDOXHRI
WKH GHSUHFLDWHG DVVHW 0R5 LV DSSURSULDWLQJ IXQGV WR '5) GHSHQGLQJ RQ
OLNHO\ ZLWKGUDZDOV EDODQFH DYDLODEOH DQG ILQDQFLDO SRVLWLRQ RI WKH
5DLOZD\V7KHV\VWHPLQYRJXHLQ,5LVWRVHWDSDUWDQDGKRFVXPWRZDUGV
FRQWULEXWLRQWR'5)E\FKDUJLQJRIIWRWKHZRUNLQJH[SHQVHV7KLVJLYHV
OHYHUDJHWR,5WRPDQDJHWKHQHWUHYHQXHVXUSOXVDWWKHGHVLUHGOHYHO
� 7KH DSSURSULDWLRQ WR '5) LV GLVWULEXWHG =RQHZLVH LQ SURSRUWLRQ WR WKH
%ORFN$FFRXQWLHYDOXHRIDVVHWVKHOGRIHDFK=RQDO5DLOZD\LQVWHDGRI
SURSRUWLRQ RI &DSLWDODWFKDUJH RI WKH SUHYLRXV \HDU DV SURYLGHG LQ WKH
,QGLDQ 5DLOZD\ )LQDQFLDO &RGH ,Q ,5 DV D ZKROH WKH SHUFHQWDJH RI
DSSURSULDWLRQ WR '5) ZLWK UHIHUHQFH WR %ORFN $FFRXQWV ZRUNHG RXW WR
DQGDVVKRZQEHORZ
Table 3.3-Value of Block Assets and Appropriation to DRF
(` in crore)
year Value of assets as per Appropriation to Percentage of
Block Accounts (of the DRF during the year appropriation to DRF
previous year) w.r.t Block Accounts
Source: Part II-Detailed Appropriation Accounts-Annexure 'G'-Block Account (Commercial
and Strategic)-2015-16 and DRF Account.
7KXV WKH DSSURSULDWLRQ WR '5) ZDV QRW EHLQJ PDGH E\ ,5 LQ D ZHOO IRXQGHG
PDQQHU UHVXOWLQJ LQ EDFNORJ RI UHSODFHPHQW DQG UHQHZDO RI RYHU DJHG DVVHWV LQ
WKHUDLOZD\V\VWHP0R5DGPLWWHGWKDWDSSURSULDWLRQWR'5)VKRXOGEHPDGH
LQ D ZHOO IRXQGHG PDQQHU $OVR WKH 5DLOZD\V KDYH D YHU\ ODUJH DVVHWV EDVH
ZKHUHDV WKH ILQDQFLDO SRVLWLRQ RI WKH 5DLOZD\V KDV QRW UHPDLQHG VWDEOH PRVW RI
WKHWLPHVVRDVWRSHUPLWDSSURSULDWLRQWR'5)DVSHUDVHWIRUPXOD+RZHYHUDOO
DORQJHQGHDYRXUKDVEHHQWRHQVXUHPD[LPXPDSSURSULDWLRQWR'5)SHUPLVVLEOH
E\WKH5DLOZD\ILQDQFLDOSRVLWLRQLQD\HDU
� 7KHDYHUDJHOLIHRIYDULRXVFDWHJRU\RIDVVHWV&LYLO(QJLQHHULQJ$VVHWV
0HFKDQLFDO $VVHWV 6LJQDOOLQJ DQG 7HOHFRPPXQLFDWLRQ $VVHWV DQG
(OHFWULFDO $VVHWV DUH PHQWLRQHG LQ WKH 3DUD RI ,QGLDQ 5DLOZD\
Capital-at-charge represents Central Government's investment in Railways by way of loan
capital and value of assets thus created
67
Action Taken Note on Para 11 of Report No. 53 of 2015-Railways Finances (September
2016)
)LQDQFLDO &RGH 9ROXPH , 7KXV EDVHG RQ WKH DYHUDJH OLIH RI DVVHWV
DSSURSULDWLRQWR'5)QHHGVWREHSURYLGHGWRUHSODFHUHQHZRIZRUQRXW
DVVHWVLQWLPH
� 'XHWROHVVDSSURSULDWLRQDQGPRUHZLWKGUDZDOIURPWKHIXQGWKHUHZDV
QHJDWLYH EDODQFH XQGHU '5) LQ QLQH =RQDO 5DLOZD\V DQG WKUHH
3URGXFWLRQRWKHU XQLWV DW WKH HQG RI 0R5 LQ LWV UHSO\ KDG
VWDWHG-XO\WKDWGLVWULEXWLRQRI'5)LVGRQHSURSRUWLRQDWHO\RQWKH
EDVLV RI WKH %ORFN $FFRXQW ZKHUHDV RXWJR IURP WKH IXQG LV QHHGEDVHG
+HQFHWKHQHJDWLYHEDODQFHLQVRPH=RQDO5DLOZD\VFDQQRWEHUXOHGRXW
ZKLFK DUH RIIVHW E\ WKH SRVLWLYH EDODQFHV RQ WKH RWKHU UDLOZD\V 7KH
FRQWHQWLRQRI0R5LVQRWWHQDEOHDVWKHDSSURSULDWLRQWR'5)LVFKDUJHG
WR WKH ZRUNLQJ H[SHQVHV ZKLFK XOWLPDWHO\ DIIHFW WKH 2SHUDWLQJ 5DWLR RI
WKH5DLOZD\V$OVRWKHZLWKGUDZDOIURPWKHIXQGLVHTXDOO\LPSRUWDQWWR
WLPHO\UHQHZUHSODFHWKHRYHUDJHGDVVHWV
� 7KHUHZDVDPHDJUHEDODQFHRI`FURUHLQ'5)DWWKHHQGRI
7KHWKURZIRUZDUGYDOXHRIDVVHWVWREHUHSODFHGIURP'5)XSWR
ZDV`FURUH1RQDYDLODELOLW\RIIXQGVXQGHU'5)
WRUHSODFHWKHRYHUDJHGDVVHWVLVLQGLFDWLYHRIZHDNILQDQFLDOKHDOWKRI,5
0R5 QHHGV WR DSSURSULDWH UHTXLUHG IXQGV XQGHU '5) VR DV WR FOHDU WKH
KXJH EDFNORJ RIUHQHZDO DQG UHSODFHPHQW RIRYHUDJHG DVVHWV LQ UDLOZD\
V\VWHPIRUVDIHUXQQLQJRIWUDLQV
,5 KDG WDNHQ XS D SURMHFW )HEUXDU\ RQ $FFRXQWLQJ 5HIRUPV IRU
LPSOHPHQWDWLRQ RI SUDFWLFHV ZKLFK DUH LQ OLQH ZLWK WKH FRPPHUFLDO DFFRXQWLQJ
DQG UHSRUWLQJ 7KH SURMHFW ZDV WR EH FRPSOHWHG LQ PRQWKV 'HOD\ LQ
VXEPLVVLRQ RI 5HSRUW E\ WKH FRQVXOWDQWV DQG LWV DFFHSWDQFH E\ WKH 0R5 ZDV
FRPPHQWHGXSRQLQWKH$XGLW5HSRUWV7KRXJKWKHFRQVXOWDQWVKDGVXEPLWWHG
WKHLU 5HSRUW LQ -XO\ WKHUH ZHUH QXPEHU RI OLPLWDWLRQV DQG JDSV ZLWK
UHIHUHQFHWR7HUPVRI5HIHUHQFH725$IWHUURXQGVRIIXUWKHUFRQVXOWDWLRQV
LQ -XO\ WKH FRQVXOWDQWV DJUHHG WR DGGUHVV WKH JDSV DQG OLPLWDWLRQV 7KH
UHYLVHG 5HSRUW ZDV FLUFXODWHG WR DOO WKH 'LUHFWRUDWHV RI 5DLOZD\ %RDUG LQ -XQH
IRU FRPPHQWV 7KH FRQVXOWDQWV ZHUH DVNHG WR WHVW WKH SURSRVHG
68
CR,ER,NCR,SCR,SER,SECR,SWR,WR,WCR,,ICF,CORE,MTP/Chennai
69
DRF balance at the end of 2016-17: ` 450.50 crore
70
Throw forward value of assets (up to 2016-17) estimated at ` 47,679 crore
71
Para 3.5 of Audit Report No.33 of 2010-11-Union Government (Railways)-Railways
Finances and Para 1.12 of Audit Report No.53 of 2015-Union Government (Railways)-
Railways Finances
The terms of reference of the Consultants included ensuring compilation of government
accounts as per the accounting standards stipulated by GASAB, compilation of Railways'
accounts in commercial accounting form as per Generally Accepted Accounting Principles
(GAAP), costing of train operations and ensuring activity based unit costing for cost analysis
and cost control management.
UHFRPPHQGDWLRQVLQWKHILHOGXQLWVWKURXJKSLORWVWXG\LQRQH'LYLVLRQ+RZHYHU
WKHFRQVXOWDQWVKDGUHVHUYDWLRQVRQWKLVDVDSLORW VWXG\ZDVQRW FRYHUHGLQ WKH
725
,Q 'HFHPEHU 0R5 HQJDJHG $FFRXQWLQJ 5HVHDUFK )RXQGDWLRQ RI WKH
,QVWLWXWH RI &KDUWHUHG $FFRXQWDQWV RI ,QGLD ,&$, WR YDOLGDWH WKH $FFRXQWLQJ
5HIRUPV 5HSRUW RI WKH FRQVXOWDQWV FRQGXFWLQJ SLORW VWXG\ DQG FRPSLOLQJ WKH
GHWDLOHG $FFUXDO $FFRXQWLQJ 0DQXDO IRU WKH SURSRVH RI LPSOHPHQWDWLRQ RI
DFFUXDO EDVHG FRPPHUFLDO DFFRXQWLQJ LQ WKH =RQDO 5DLOZD\V DQG 3URGXFWLRQ
8QLWV:KLOHWKHSLORWVWXG\KDGEHHQFRPSOHWHGLQ1:52FWREHUWKH
VDPHLVLQDGYDQFHGVWDJHRIFRPSOHWLRQLQ5&)0R5KDVSODQQHGWRUROORXWDOO
WKHWKUHH0RGXOHVRI$FFRXQWLQJ5HIRUPVE\)HEUXDU\0DUFKDFURVV,5
3.9 Conclusion
)LQDQFLDO6WDWHPHQWVDUHDVWUXFWXUHGUHSUHVHQWDWLRQRIWKHILQDQFLDOSRVLWLRQDQG
ILQDQFLDOSHUIRUPDQFHRIDQRUJDQLVDWLRQ7KHREMHFWLYHRIILQDQFLDOVWDWHPHQWVLV
WR SURYLGH LQIRUPDWLRQ DERXW WKH ILQDQFLDO SRVLWLRQ ILQDQFLDO SHUIRUPDQFH DQG
FDVK IORZ RI DQ RUJDQLVDWLRQ WKDW LV XVHIXO WR D ZLGH UDQJH RI XVHUV LQ PDNLQJ
HFRQRPLF GHFLVLRQV 7KXV D FRPSOHWH VHW RI ILQDQFLDO VWDWHPHQWV FRQVLVW RI
%DODQFH6KHHW,QFRPH6WDWHPHQW3URILWDQG/RVV$FFRXQWDQGQRWHVFRPSULVLQJ
VXPPDU\RIVLJQLILFDQWDFFRXQWLQJSROLFLHVVFKHGXOHVDQGQRWHVWRWKHILQDQFLDO
VWDWHPHQWV
,5 DV D GHSDUWPHQWDO FRPPHUFLDO XQGHUWDNLQJ WKRXJK SUHSDUHV %DODQFH 6KHHW
DQG 3URILW DQG /RVV $FFRXQW EHVLGHV %ORFN $FFRXQW GRHV QRW GLVFORVH WKH
VLJQLILFDQWDFFRXQWLQJSROLFLHVZKLFKIRUPVWKHEDVLVRISUHSDUDWLRQRIILQDQFLDO
VWDWHPHQWVOLNHDFFRXQWLQJRIIL[HGDVVHWVGHSUHFLDWLRQYDOXDWLRQRILQYHVWPHQWV
HWF$VDUHVXOWNH\LQIRUPDWLRQOLNHFDSLWDOZRUNVLQSURJUHVVGHSUHFLDWHGYDOXH
RIDVVHWVLQYHVWPHQWVLQSURSHUW\SODQWDQGPDFKLQHU\LPSURYHPHQWVLQXWLOLW\
RIDVVHWVHWFDUHHLWKHUDEVHQWRUFDQQRWEHUHFRJQL]HGHDVLO\IURPWKHILQDQFLDO
VWDWHPHQWV
7KH IRUPDWV RI %ORFN $FFRXQW DQG %DODQFH 6KHHW KDYH QRW EHHQ UHYLVHG WR
GLVWLQFWO\ H[KLELW WKH FDSLWDO ZRUNVLQSURJUHVV LQ %ORFN $FFRXQW H[KLELWLRQ RI
WKH LQYHVWPHQWV LQ WKH %DODQFH 6KHHW HWF $XGLW REVHUYHG WKDWQR GLVFORVXUH RI
DVVHWV UROOLQJ VWRFNV DFTXLUHG WKURXJK ,5)& IXQGLQJ DQG YDOXH RI SURMHFWV
H[HFXWHGXQGHU(%5,)IXQGLQJZHUHLQFRUSRUDWHGLQWKH%ORFN$FFRXQWVDQG
%DODQFH6KHHWVRIWKH=RQDO5DLOZD\VDQG,5DVZHOO$VVHWV5HJLVWHUV/DQGDQG
%XLOGLQJ 5HJLVWHUV HWF ZHUH HLWKHU QRW PDLQWDLQHG LQ WKH =RQDO 5DLOZD\V DQG
3URGXFWLRQ8QLWVRUPDLQWDLQHGEXWQRWXSGDWHGWRUHIOHFWWKHWUXHYDOXHRIDVVHWV
FUHDWHG
7KHV\VWHPLQYRJXHLQ ,5LVWRVHWDSDUWDQDGKRFVXPWRZDUGV FRQWULEXWLRQWR
'5)E\FKDUJLQJRIIWRWKHZRUNLQJH[SHQVHV7KHSUHVHQWSROLF\UHVXOWVLQXQGHU
Module-1-Accrual
73
Accounting, Module-2-Performance Costing, Module-3-Outcome
Budgeting
so as to ensure that business critical information and assets are protected
loss, damage and abuse.
from
` LQFURUH
(Nand
(NAND
(NAND Kishore)
KISHORE)
KISHORE)
New New Delhi
Delhi Deputy
Deputy Comptroller
Comptroller and Auditor
andKishore)
Auditor General
General
New Delhi (NAND KISHORE)
(Nand
(NAND KISHORE)
(NAND KISHORE)
Dated: 03Date:
28 November
January 2018 2016Deputy Deputy
New05Delhi
Dated: February
New 2018
Delhi
Comptroller
Deputy (Nand
andand
Comptroller
Kishore)
Comptroller Auditor
and General
Auditor
Auditor General
General
Dated: 03Date:
New Delhi 28 November
January 2018 2016
Deputy Comptroller and Auditor General
(Nand Kishore)
Date: 28 November 2016
Countersigned
New Delhi Countersigned
Deputy Comptroller and Auditor General
Date: 28 November 2016 Countersigned
Countersigned
Countersigned
Countersigned
Countersigned
(Shashi Kant Sharma)
New Delhi Comptroller and Auditor General of India
(Shashi Kant Sharma)
Date: 28 November 2016
New Delhi
New Delhi
Comptroller
(Shashi Kant
(SHASHI and
KANT
(RAJIV
Auditor General of India
Sharma)
SHARMA)
MEHRISHI)
New Date: 28 November
Delhi (RAJIV MEHRISHI)
2016Comptroller and Auditor General of India
Dated:
New 06 February 2018
Delhi
Comptroller and
(Shashi
(SHASHI
Comptroller
andAuditor
Kant
KANT
Auditor
General
GeneralofofIndia
Sharma)
SHARMA) India
Date: 28 November 2016 (RAJIV MEHRISHI)
3HUFHQWDJH
New
Dated: 05 January 2018 Comptroller and Auditor General of India (Railways)
Delhi
37 Report No.32 of 2016
New
Date:Delhi
28 November 2016
Comptroller
and Auditor General of India
3HUFHQWDJH
Dated:
37
05 January 2018 Report No.32 of 2016 (Railways)
37
Report No.32 of 2016 (Railways)
37
Report No.32 of 2016 (Railways)
Report No.
Report No. 11 of
of 2018
2018 Page
Page 6060
Glossary of Terms
Terms Description
17-Zones of Indian Central Railway (CR), Eastern Railway (ER), East
Railways Central Railway (ECR), East Coast Railway (ECoR),
Northern Railway (NR), North Central Railway (NCR),
North Eastern Railway (NER), Northeast Frontier
Railway (NFR/NEFR), North Western Railway
(NWR), Southern Railway (SR), South Central
Railway (SCR), South Eastern Railway (SER),
Southeast Central Railway (SECR), South Western
Railway (SWR), Western Railway (WR), West Central
Railway (WCR) & Metro Railway, Kolkata (MR)
8-Railway Chittaranjan Locomotive Works (CLW), Chittaranjan;
Production Units Diesel Locomotive Works (DLW), Varanasi; Integral
Coach Factory (ICF), Chennai; Rail Coach Factory
(RCF), Kapurthala; Rail Wheel Factory (RWF),
Yelahanka; Rail Wheel Plant (RWP), Bela; Diesel
Loco Modernisation Works (DMW), Patiala, Rail
Coach Factory (RCF), Raebareilly;
Average lead Average haul of a passenger or a tonne of freight
Branch lines Broad Gauge and Metre Gauge lines joined to the
main lines at one end only and all metre gauge lines
Broad Gauge It is a rail gauge (1,676 mm) commonly used in India
of movement of rail traffic
Capital-at-charge The capital-at-charge represents the Central
Government's investment in Railways by way of
loan capital and value of the assets thus created.
Compound Annual Rate of growth over a period of years, taking into
Growth Rate account the effect of annual compounding.
Demand Recoverable Unrealized earnings recoverable on account of
rent/lease of land and buildings, interest and
maintenance charges of sidings etc.
Dividend Under the 'Separation Convention' Indian Railways
(IR) is required to pay dividend to the general revenues
on the capital advanced by the Government of India
(GoI) at a rate determined periodically by Railway
Convention Committee (RCC).
Extra Budgetary Resources of IR other than general budget support and
Resources internally generated resources
Gross Domestic The total market value of all final goods and services
Product produced in a country in a given year,
Gross Traffic Receipts of railways through its operations
Receipts
Report
Report No.No.
1 of1 2018
of 2018 Page
Page 61 61
Glossary
Glossaryof of
Terms
Terms
Meter Gauge It is a rail gauge (1,000 mm) still used in some parts of
India of movement of rail traffic
Classification structure to record receipts and
Minor Heads
expenditure of the government
It is a rail gauge (762 or 610 mm) still used in some
Narrow Gauge
parts of India of movement of rail traffic
National Projects Projects of national importance being executed
through additional budgetary support from GoI.
Net Tonne Kilometre Unit of measure of freight traffic which represent the
(NTKM) transport of one tonne goods (including the weight of
any packing, but excluding the weight of the vehicle
used for transport) over a distance of one kilometre
New lines Construction/laying of new railway links/lines not
existed earlier
Operating Ratio The ratio of working expenses (excluding suspense but
including appropriation to Depreciation Reserve Fund
and Pension Fund) to gross earnings.
Ordinary Working Expenditure on administration, operation,
Expenses maintenance and repairs, contribution to Depreciation
Reserve Fund and Pension Fund
Plan Expenditure Expenditure incurred for creation, acquisition,
construction and replacement of assets
Revenue Expenditure incurred for day to day operations,
Expenditure maintenance of railways including dividend payment
Strategic lines Railway lines of strategic importance constructed at
the request of Defence
Traffic Suspense Unrealised operational earnings of the railways
Un-economic Branch lines where revenue generated is less than the
Branch Lines operational cost
Works Budget Estimates prepared for construction, acquisition and
replacement of assets
Route Kilometre The distance between two points on the railways
irrespective of the number of lines connecting them, viz
single line, double line etc.
Total Working Ordinary working expenditure and appropriation to
Expenditure Depreciation Reserve Fund and Pension Fund
Staff Productivity It is measured in terms of volume of traffic handled (in
terms of NTKM) per thousand employees.
Capital Output Ratio The amount of capital employed to produce one unit of
output (Total Traffic in NTKMs)
Net Surplus Difference between the gross earnings and the working
expenses after the payment of dividend to general
revenues
Report
Report No.No. 1 of
1 of 2018
2018 Page
Page 6363
Appendix
Appendix – Chapter
– Chapter 1 1
Appendix – Chapter 1
Appendix-1
Appendix-1
Status of Railway Funds
Status Para
(Refer of Railway
1.10) Funds
(Refer Para 1.10)
Fund Description
Fund Description
Depreciation 7KH RSHQLQJ EDODQFH LQ WKLV IXQG DFFRXQW DV RQ $SULO ZDV ` FURUH
Depreciation
Reserve 7KH RSHQLQJ
Fund $SSURSULDWLRQ EDODQFH
WR WKLV IXQGLQLVWKLV
PHWIXQG
RXWDFFRXQW DV RQ $SULO
RI WKH UHYHQXHV HDUQHG
E\ ZDV `
,5 7KLV FURUH
IXQG
Reserve Fund $SSURSULDWLRQ
UHFHLYHV WR WKLV
LQWHUHVW DW WKH UDWHIXQG LV PHW SD\DEOH
RI GLYLGHQG RXW RI WKH UHYHQXHV
WR JHQHUDO HDUQHG E\
UHYHQXHV ,5 7KLV
+RZHYHU QRIXQG
UHFHLYHV
LQWHUHVW LQWHUHVW DWXQGHU
ZDV SURYLGHG WKH UDWH RIIXQG
WKLV GLYLGHQG
GXULQJSD\DEOH WR JHQHUDO
WKH \HDU UHYHQXHV
7KLV IXQG +RZHYHU
LV PHDQW IRU QR
LQWHUHVW ZDV SURYLGHG XQGHU WKLV IXQG GXULQJ WKH \HDU
UHSODFHPHQWDQGUHQHZDORIRYHUDJHGDVVHWV$QDPRXQWRI` 7KLV IXQG LV PHDQW IRU
FURUHLQFOXGLQJ
UHSODFHPHQWDQGUHQHZDORIRYHUDJHGDVVHWV$QDPRXQWRI` FURUHLQFOXGLQJ
`FURUHIRU3URGXFWLRQ8QLWVZDVDSSURSULDWHGWRWKLVIXQG7KHIXQGFORVHGDW
`FURUHIRU3URGXFWLRQ8QLWVZDVDSSURSULDWHGWRWKLVIXQG7KHIXQGFORVHGDW
` FURUHDWWKHHQGRIE\H[SHQGLQJDQDPRXQWRI` FURUHRQ
` FURUHDWWKHHQGRIE\H[SHQGLQJDQDPRXQWRI`
UHSODFHPHQWDQGUHQHZDORIDVVHWV$SSURSULDWLRQWR'5)ZDV FURUHRQ
PRUHWKDQEXGJHWHG
UHSODFHPHQWDQGUHQHZDORIDVVHWV$SSURSULDWLRQWR'5)ZDV
SURYLVLRQE\per cent. PRUHWKDQEXGJHWHG
SURYLVLRQE\per cent.
Pension Fund 7KHRSHQLQJEDODQFHLQWKLVIXQGDFFRXQWDVRQ$SULOZDV` FURUH
Pension Fund 7KHRSHQLQJEDODQFHLQWKLVIXQGDFFRXQWDVRQ$SULOZDV`
$SSURSULDWLRQ WR WKLV IXQG LV DOVR PHW RXW RI WKH UHYHQXHV HDUQHG E\ ,5FURUH
7KH IXQG
$SSURSULDWLRQ
UHFHLYHV LQWHUHVW DW WR
WKHWKLV
UDWHIXQG LV DOVR PHW
RI GLYLGHQG RXW RI
SD\DEOH WRWKH UHYHQXHV
JHQHUDO HDUQHG+RZHYHU
UHYHQXHV E\ ,5 7KH QRIXQG
UHFHLYHV
LQWHUHVW LQWHUHVW DW
ZDV SURYLGHG WKH UDWH
XQGHU WKLVRI GLYLGHQG
IXQG GXULQJSD\DEOH WR JHQHUDO
WKH \HDU UHYHQXHV
$SSURSULDWLRQ WR +RZHYHU
WKH IXQG QR
LQWHUHVW ZDV SURYLGHG XQGHU WKLV IXQG GXULQJ WKH \HDU $SSURSULDWLRQ WR WKH IXQG
GXULQJZDVOHVVWKDQWKHZLWKGUDZDOV7KHDYDLODEOHEDODQFHXQGHUWKHIXQG
GXULQJZDVOHVVWKDQWKHZLWKGUDZDOV7KHDYDLODEOHEDODQFHXQGHUWKHIXQG
DWWKHFORVHRIWKH\HDUZDV` FURUHDVRQ0DUFK$SSURSULDWLRQWR
DWWKHFORVHRIWKH\HDUZDV` FURUHDVRQ0DUFK$SSURSULDWLRQWR
3HQVLRQ)XQGZDVOHVVWKDQEXGJHWHGSURYLVLRQE\per cent
3HQVLRQ)XQGZDVOHVVWKDQEXGJHWHGSURYLVLRQE\per cent
7KHIXQGDFFRXQWDVRQ$SULOVWRRGDW` FURUH$SSURSULDWLRQWRWKLV
Development 7KHIXQGDFFRXQWDVRQ$SULOVWRRGDW` FURUH$SSURSULDWLRQWRWKLV
IXQGLVPHWDVDILUVWFKDUJHRQUHYHQXHVXUSOXVDYDLODEOHZLWK,5DIWHUPHHWLQJRXW
FundDevelopment IXQGLVPHWDVDILUVWFKDUJHRQUHYHQXHVXUSOXVDYDLODEOHZLWK,5DIWHUPHHWLQJRXW
Fund WKH WRWDO ZRUNLQJ H[SHQGLWXUH ,Q UHYHQXH VXUSOXV WR WKH WXQH RI `
FURUHWKH
ZDV WRWDO ZRUNLQJ H[SHQGLWXUH
DSSURSULDWHG WR WKLV IXQG,Q&DSLWDO
UHYHQXH VXUSOXV
H[SHQGLWXUH DPRXQWLQJWR WKH
WRWXQH RI `
`
FURUH ZDV DSSURSULDWHG WR WKLV IXQG &DSLWDO H[SHQGLWXUH DPRXQWLQJ
FURUH ZDV LQFXUUHG RXW RI WKLV IXQG GXULQJ 7KH IXQG FORVHG DW ` WR `
FURUH ZDV LQFXUUHG RXW RI WKLV IXQG GXULQJ 7KH
FURUH DW WKH HQG RI $SSURSULDWLRQ WR 'HYHORSPHQW )XQG ZDV DV` SHU IXQG FORVHG DW
FURUH DW
EXGJHWHGSURYLVLRQWKH HQG RI $SSURSULDWLRQ WR 'HYHORSPHQW )XQG ZDV DV SHU
EXGJHWHGSURYLVLRQ
7KHIXQGDFFRXQWDVRQ$SULOVWRRGDW` FURUH$SSURSULDWLRQWRWKLV
Capital Fund 7KHIXQGDFFRXQWDVRQ$SULOVWRRGDW` FURUH$SSURSULDWLRQWRWKLV
IXQGLVDOVRPHWIURPUHYHQXHVXUSOXVDYDLODEOHZLWK,5DIWHUPHHWLQJRXWWKHWRWDO
Capital Fund
IXQGLVDOVRPHWIURPUHYHQXHVXUSOXVDYDLODEOHZLWK,5DIWHUPHHWLQJRXWWKHWRWDO
ZRUNLQJ H[SHQGLWXUH ,Q UHYHQXH VXUSOXV WR WKH WXQH RI
ZRUNLQJ
` H[SHQGLWXUH
FURUH ZDV DSSURSULDWHG ,Q WR
WKLV IXQGUHYHQXH VXUSOXV WRDPRXQWLQJ
&DSLWDO H[SHQGLWXUH WKH WXQH WR RI
`
` FURUHFURUH ZDV DSSURSULDWHG
ZDV LQFXUUHG RXW RI WKLV WRIXQG
WKLV GXULQJ
IXQG &DSLWDO
H[SHQGLWXUH
7KH IXQG DPRXQWLQJ
FORVHG DW WR
` FURUH ZDV LQFXUUHG RXW RI
` FURUHDWWKHHQGRI WKLV IXQG GXULQJ 7KH
$SSURSULDWLRQWR&DSLWDOIXQG ZDVIXQG
OHVVFORVHG
WKDQ DW
` FURUHDWWKHHQGRI
EXGJHWHGSURYLVLRQE\per cent $SSURSULDWLRQWR&DSLWDOIXQG ZDV OHVV WKDQ
EXGJHWHGSURYLVLRQE\per cent
Railway 7KHRSHQLQJEDODQFHLQWKLVIXQGDFFRXQWDVRQ$SULOZDV` FURUH$Q
Railway
Safety Fund 7KHRSHQLQJEDODQFHLQWKLVIXQGDFFRXQWDVRQ$SULOZDV`
DPRXQW RI ` FURUH ZDV XWLOL]HG LQ DV DJDLQVW WKH VDPH FURUH$Q
DPRXQW
Safety FundFUHGLWHGWRWKLVIXQG7KHIXQGDFFRXQWFORVHGDW`
DPRXQW RI ` FURUH ZDV XWLOL]HG LQ DV DJDLQVW WKH
FURUHDWWKHHQGRIVDPH DPRXQW
FUHGLWHGWRWKLVIXQG7KHIXQGDFFRXQWFORVHGDW` FURUHDWWKHHQGRI
Debt Service 7KH IXQG ZDV RSHQHG LQ \HDU IRU PDNLQJ UHSD\PHQW RI ORDQV DQG GHEW
FundDebt Service 7KH IXQG ZDV RSHQHG LQ \HDU 5DLOZD\V
VHUYLFLQJLHORDQVWDNHQE\WKH0LQLVWU\RI IRU PDNLQJ UHSD\PHQW RI ORDQV DQG GHEW
IURP:RUOG%DQNDQGRWKHU
Fund VHUYLFLQJLHORDQVWDNHQE\WKH0LQLVWU\RI 5DLOZD\V IURP:RUOG%DQNDQGRWKHU
PXOWLODWHUDODJHQFLHV VXSSOHPHQWSD\PHQWRISD\DQGDOORZDQFHVDQGSHQVLRQGXH
PXOWLODWHUDODJHQFLHV VXSSOHPHQWSD\PHQWRISD\DQGDOORZDQFHVDQGSHQVLRQGXH
WRLPSOHPHQWDWLRQRIUHFRPPHQGDWLRQVRI3D\&RPPLVVLRQ7KHRSHQLQJEDODQFHLQ
WRLPSOHPHQWDWLRQRIUHFRPPHQGDWLRQVRI3D\&RPPLVVLRQ7KHRSHQLQJEDODQFHLQ
WKLV IXQG DFFRXQW DV RQ $SULO ZDV ` FURUH 1R DPRXQW ZDV
WKLV IXQG DFFRXQW DV RQ $SULO ZDV ` FURUH 1R DPRXQW ZDV
DSSURSULDWHG WR WKLV IXQG LQ ([SHQGLWXUH DPRXQWLQJ WR ` FURUH
DSSURSULDWHG WR WKLV IXQG LQ ([SHQGLWXUH DPRXQWLQJ WR ` FURUH
ZDVLQFXUUHGIURPWKLVIXQGGXULQJWKH \HDU7KHIXQGFORVHGDW`
ZDVLQFXUUHGIURPWKLVIXQGGXULQJWKH\HDU7KHIXQGFORVHGDW `
FURUHDVRQ0DUFK
FURUHDVRQ0DUFK
Source–Indian Railways Appropriation Accounts-Part-II-Detailed Appropriation Accounts
Source–Indian Railways Appropriation Accounts-Part-II-Detailed Appropriation Accounts
Number and name Original Grant/ Supplementary Final Grant/ Actual Excess (+)/
of the Grant/ Appropriation Appropriation Expenditure Savings (-)
Appropriation
Charged
13160000 0 13160000 11939914 -1220086
Voted
83605268000 0 83605268000 75593006398 -8012261602
4 Revenue – Working Expenses – Repairs and Maintenance of Permanent Way and Works
13 Revenue - Working Expenses – Provident Fund, Pension and Other Retirement Benefits
Assets – Acquisition, Construction and Replacement – Other Expenditure – Railway Safety Fund
Grand Total