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Rail News
Yesterday (19:49)   Dissecting Railway accounts

Ravichandra Madagala~   75 news posts
Entry# 2179318   News Entry# 294824         Tags   Past Edits
Accounting Reforms will help the railways make investment and pricing-related assessments fair and objective
The recent Union Budget has changed the way we think about Railways, with the Railway Budget subsumed into the General Budget. This is a trigger for structural reforms in the Railways. A proper transparent accounting system is part of that template of reform. As a commercial operating entity, Indian Railways (IR) has certain obligations. Investors would want to assess the fair state of IR profitability and other key financial parameters before taking investment decisions. As users, the public would like easy access to its costing parameters. Does AC-3 service really cost IR twice or thrice that of sleeper class? If not, then what should reasonable ticket price differentials
between various classes of services be? Freight users want similar information for various freight classes and distances. What are the returns on an IR project, even if publicly funded? If the union government is going to reimburse IR for social costs that are not commercially-driven, how are these costs computed? Chances are that even IR may not be in a position to furnish this information in a scientific manner. This does not mean that IR does not have any data related to costs and accounts. It does, but there are some serious limitations. The Accounting Reforms (AR) project of IR is intended to address this limitation and more.
In its current form, the AR project comprises three distinct modules. Module 1 involves preparation of financial accounts of IR on ‘Accrual Basis’. This means preparing financial statements such that a transaction is recognised in books as and when it happens. This is in contrast with the current practice, where a transaction is recognised only when cash flows (‘cash-basis’). Outstanding revenues or cost liabilities are hence not shown in accounts in case cash exchange does not take place. Module 2 relates to development of a Performance Costing framework. This relates to objective assessment of unit costs of various activities (business-wise/service-wise/segment-wise) undertaken by Railways. Module 3 relates to Outcome Budgeting, which links financial outlays to outcomes. Assessing impact of budget outlays on doubling, tripling or new rolling stock technology acquisition to outcomes such as safety and network speed would become possible through this. That said, what is surprising is that despite a wider concurrence on the urgent need to implement AR, the project hardly moved until recently. AR was first mentioned in the budget speech (February, 2003) by the then Minister of Railways (MR). Following the 2003 announcement, the AR project was sanctioned in the Railways’ works programme 2004-05. IR appointed a consultant in 2006 for undertaking necessary studies. Though the consultant submitted its report in July 2010, gaps in their output vis-à-vis the terms of reference remained. Things went back and forth and remained stalled over the next few years.
The project witnessed a new push only in December, 2014, when the Ministry of Railways decided to implement accrual accounting pilot (Module 1) in Ajmer division and Ajmer group of workshops. The scope of the Ajmer pilot was subsequently expanded to include North Western Railway. A similar pilot was also kicked off in RCF Kapurthala. In the February, 2016 budget speech, the Minister of Railways further announced implementing the project on ‘mission mode’. As a result, ‘Mission Beyond book-keeping’ was instituted and a project implementation organisation was created. Accordingly, 2016 saw reasonable progress in AR, and a fresh strategic plan to roll out AR across the Railways was drawn up. A synopsis of this plan is shown in the table.
AR has the potential to transform the decision making framework in IR by making key investment and pricing related assessments fair and objective. Simply put, it would tell IR where it needs to cut costs and where it needs to spend more. Ability to take organisational decisions through robust costing and accounting frameworks should be a game changer for IR. But then, is a conclusion finally in sight? At least as per IR plans, it looks so. The project has seen serious slippages in the past. Sure there would be challenges. It is therefore critical to ensure that the much needed Mission Mode approach be followed in its true spirit and the project be regularly monitored from the top.
The authors are economists with NITI Aayog. Views personal.

Yesterday (20:41)
©The Dark Lord™   5031 blog posts
Re# 2179318-1            Tags   Past Edits
Good initiative.

Today (14:47)
a~   179 blog posts
Re# 2179318-2            Tags   Past Edits
Accounting reforms being aggressively pursued by our professionally qualified RM (CA) is one of his best gifts to IR which has potential to give immense benefits to the organisation in future.
Accounting reforms when implemented shall enable IR with:
(1) Clear information about financial status (like earnings/expenses/profit etc) of different entities related to IR operation like an individual freight train, pax train,
Express trains, stations, a stoppage of a train given to station, etc.
(2) IR shall thus be qeuipped with concrete info with financial implication of each activity, and can know where exactly and how much profit/loss it is making. Based on this info, best policies can be formulated so as to make costing of various services provided by IR as low as possible. This will make possible for IR to give better services at minimum possible cost.
(3) However, actual benefits can be derived if political interference is eliminated/ minimised and IR honestly implements the best policies formulated based on the data analysis.
(4) How much of data is actually opened to public is to be seen, lack of transparency give rise to more corruption and political interference.
It would be very interesting to know how much the ACIII actually cost as compared to SL class. The charges of ACIII class ticket is about 2.75 times the charges of SL class ticket between same destinations on the same train. Where as the actual costing to IR may be any where around 1.5 times only. Ironically IR print the message that "IR recovers only 57% from passengers on an avg" on ACIII tickets.
Departure: Yesterday @ 18:20
22447/Uttar Pradesh Sampark Kranti Exp Slip (PT)
Trip# 102979    Traveller: Abhishek Jaiswal    Linked PNR Entry# 2147380
Class: Sleeper - SL
From: KURJ/Khajuraho
To: NZM/Hazrat Nizamuddin
10 wishes
HJ Aapki yatra sukhad evem mangalmay h HJ HJ Abhishek Sir. HJ HJ Bro HJ HJ HJ HJ
Blog  Time-Table

14 posts - Yesterday - are hidden. Click to open.

Today (00:25)
Abhishek Jaiswal   44868 blog posts   18353 correct pred (70% accurate)
Re# 2147380-15            Tags   Past Edits
at DAA/Datia
on mps. so much rush for mahoba jhs.

Today (00:25)
Abhishek Jaiswal   44868 blog posts   18353 correct pred (70% accurate)
Re# 2147380-16            Tags   Past Edits
bat to sahi hai apki :P

Today (00:25)
Abhishek Jaiswal   44868 blog posts   18353 correct pred (70% accurate)
Re# 2147380-17            Tags   Past Edits
puaaaaunnn attach hua h.

Today (06:52)
Abhishek Jaiswal   44868 blog posts   18353 correct pred (70% accurate)
Re# 2147380-18            Tags   Past Edits
reached at 6 40.

Today (14:46)
Atharva   31380 blog posts   2455 correct pred (68% accurate)
Re# 2147380-19            Tags   Past Edits
Agar ye Abhishek Ji bolte to behtar hota.
Rail News
New Facilities/TechnologyNR/Northern  -  
Yesterday (20:32)   Indian Railways is making trains that will run at 160 kmph, that too without an engine

Ravichandra Madagala~   75 news posts
Entry# 2179330   News Entry# 294826         Tags   Past Edits
On fast track
Indian Railways has launched a project called Train-2018 under which it will manufacture trainsets that can run at a maximum speed of 160 kmph.

1 posts - Yesterday

Yesterday (21:15)
Pantograph   257 blog posts   1 correct pred (100% accurate)
Re# 2179330-2            Tags   Past Edits
could be with traction motors driving the wheels of the coaches. Like in metro/emu coaches.

Yesterday (21:16)
Indian Railways the life line of our Nation   11464 blog posts   136 correct pred (83% accurate)
Re# 2179330-3            Tags   Past Edits
fake news hai bro,aisi news ko joke ki tarah lena chaahiye.

Yesterday (21:24)
Bhavesh   3038 blog posts   3969 correct pred (84% accurate)
Re# 2179330-4            Tags   Past Edits
Bro aise news post na kia karo,hum India me rehte hai naaki China me.Aaj tak jaha train loco ke saath 160 pe nahi chal paati hai waha bina loco ke 160....kuch zyada ho gaya ab.
Koi Suresh Prabhu ko samjhaye ki present me jiye,sapne kam dekha kre.

Today (14:20)
a~   179 blog posts
Re# 2179330-8            Tags   Past Edits
The headlines should have used the words "conventional engine/loco" instead of word "engine", but the journalusts are programmed to make news as much sensational as possible so as to attract reader's attention.

Today (14:46)
A good day ahead~   2349 blog posts
Re# 2179330-9            Tags   Past Edits
Yeh koi Sapna nahi hai, Sir. Sirf news ka headline misleading hai. :)
ICF main abhi train sets ban rahe hain joh 160kmph capable hai ( Aisa news pehle bhi aa chuka hai as press release from ICF, shared here on IRI) . Iske liye jo bhi technology chahiye, woh IR ke pass bahut time se pada hai. Bas use karna tha ( with some inputs from other manufacturers).
★★★  Rail Fanning
Today (10:06)   22412/New Delhi - Naharlagun AC SF Express | NDLS/New Delhi (16 PFs) | GZB/WAP-5/30013

mushfiquekhalid   3469 blog posts   1931 correct pred (72% accurate)
Entry# 2179675            Tags   Past Edits
1 compliments
Superb photography
Yesterday's spotting at NDLS .... GZB P5 "Navkirti" #30013 is ready for departure with 22412 NDLS-NHNL AC SF express from PF 15 of NDLS .......
After departure it have got 4 time chain pulling that make to final departure from NDLS at 16:05 instead of 15:50
#mushfiquekhalid #726422^~
Camera: Moto G2

3 posts - Today

Today (11:10)
Avinash Pandey™~   906 blog posts   684 correct pred (78% accurate)
Re# 2179675-4            Tags   Past Edits
Superb Shots

Today (14:40)
mushfiquekhalid   3469 blog posts   1931 correct pred (72% accurate)
Re# 2179675-5            Tags   Past Edits

Today (14:41)
mushfiquekhalid   3469 blog posts   1931 correct pred (72% accurate)
Re# 2179675-6            Tags   Past Edits
Yup 3 saal ho gye Moto use krte krte ... Ab toh bus man hi nhi krta phone change krne ka ... Btw thanks for compliment

Today (14:46)
mushfiquekhalid   3469 blog posts   1931 correct pred (72% accurate)
Re# 2179675-7            Tags   Past Edits
Don't know

Today (14:46)
mushfiquekhalid   3469 blog posts   1931 correct pred (72% accurate)
Re# 2179675-8            Tags   Past Edits
Departure: Mon Feb 20 2017 @ 20:00
12402/Magadh Express (PT)
Trip# 103502    Traveller: Abhishek Jaiswal    Linked PNR Entry# 2158123
Class: Sleeper - SL
From: NDLS/New Delhi
To: PNBE/Patna Junction
37 wishes
Happy Journey in your IPR Rajdhani HJ HJ HJ हज HJ HJ HJ HJ HJ Hi bhai Apki yatra sukhad evam mangalmay ho HJ HJ bro. HJ Abhi HJ HJ HJ HJ in IPR Rajdhani HJ HJ HJ HJ HJ HJ in Magadh/Shramshakti HJ HJ HJ HJ HJ HJ HJ HJ mubarak ho HJ HJ HJ HJ
Blog  Time-Table

2 posts - Fri Feb 10, 2017 - are hidden. Click to open.

5 posts - Sat Feb 11, 2017 - are hidden. Click to open.

2 posts - Fri Feb 17, 2017 - are hidden. Click to open.

143 posts - Mon Feb 20, 2017 - are hidden. Click to open.

38 posts - Tue Feb 21, 2017 - are hidden. Click to open.

Feb 21 2017 (18:06)
Abhishek Jaiswal   44868 blog posts   18353 correct pred (70% accurate)
Re# 2158123-192            Tags   Past Edits
by walk you can go. 300mtrs only.

Feb 21 2017 (18:49)
छोटा आदमी   6800 blog posts   99621 correct pred (90% accurate)
Re# 2158123-193            Tags   Past Edits
idea ka network, sirf western UP, MH aur MP mein top hai

Feb 21 2017 (18:51)
Abhishek Jaiswal   44868 blog posts   18353 correct pred (70% accurate)
Re# 2158123-194            Tags   Past Edits
hahaha maine to all over india badhiya paya hai idea ko.

Feb 21 2017 (20:06)
brij9451   1 blog posts
Re# 2158123-195            Tags   Past Edits
sir rsa se koi benefits hoga

Feb 22 2017 (08:47)
जब जागो तभी सवेरा   7806 blog posts   118 correct pred (74% accurate)
Re# 2158123-196            Tags   Past Edits
Idea best hai..par Bihar me idea Airtel ka network use karta hai..aur Bihar me Airtel ka tagda network hai.
General Travel
Today (14:41)   12337/Shantiniketan Express

sayan111   1120 blog posts   2150 correct pred (87% accurate)
Entry# 2180003            Tags   Past Edits
12337 Shantiniketan Express entering at BHP(26-02-2017)
General Travel
Feb 24 2017 (18:48)  

SGNR HS Inaugural 27 Feb^~   78815 blog posts   5089 correct pred (78% accurate)
Entry# 2177170            Tags   Past Edits
List of daily LHB trains
1Sealdah Rajdhani
2Bhopal shatabdi
3Mumbai Rajdhani
4AK Rajdhani
Rajdhani ( via 2 routes )
6sampoorna kranti
8poorva ( via 2 routes )
9Jodhpur Jaipur
10Gujrat mail
11Karnavati exp
12Shiv Ganga
15jaipur Delhi double decker.
16 Chennai Bangalore double.decker.
17Patna Rajdhani
18 Dibrugarh Rajdhani 12424/3
19 Swatantrata senani
20Danapur Jansadharan
22LKO AC Express
24kushinagar exp
30Lucknow shatabdi
31 Amritsar Swarna shatabdi
32 Taj express
33 Adi Rajdhani
34 kamayani
35 Bangalore Rajdhani ( via 2 routes )
36 kathgodam shatabdi
37 12005 kalka shatabdi
38 12011 kalka shatabdi
39 Ajmer shatabdi
40 Puri Howrah shatabdi
42 Dehradun shatabdi
Add more

17 posts - Fri Feb 24, 2017

Feb 24 2017 (19:39)
Bhavesh   3038 blog posts   3969 correct pred (84% accurate)
Re# 2177170-18            Tags   Past Edits
IR is mostly focusing on weekly trains to convert into LHB as it needs only 1 rake.

Feb 24 2017 (19:56)
Bhavesh   3038 blog posts   3969 correct pred (84% accurate)
Re# 2177170-19            Tags   Past Edits
Daily shatabdis
Ajmer shatabdi
Dehradun Shatabdi
Kathgodam shatabdi
Bhopal shatabdi
Swarn Shatabdi
12006 Kalka Shatabdi
12011 Kalka Shatabdi
12014 Amritsar Shatabdi
Howrah Puri Shatabdi
Daily Durontos
Nagpur CST Duronto
Mumbai Ahmedabad Duronto
Lko AC Express
Shri Shakti
AP AC Express

Feb 24 2017 (20:44)
Yuva Rahul   2099 blog posts   2360 correct pred (77% accurate)
Re# 2177170-20            Tags   Past Edits
Aaj k 6 train ko lekar total 60 trains Lhbfied ho gayi
Rajdhani, Shatabdi, Duranto or Full AC Exp ko chor kar

Feb 24 2017 (22:53)
College exams~   189 blog posts   4364 correct pred (79% accurate)
Re# 2177170-21            Tags   Past Edits
Amritsar - Chandigarh Intercity Express 12411/12
Amritsar - Chandigarh SF Express 12241/42

Feb 24 2017 (22:53)
College exams~   189 blog posts   4364 correct pred (79% accurate)
Re# 2177170-22            Tags   Past Edits
Delhi Sarai Rohilla - Indore SF Intercity Express (PT) 12415/16
Info Update
Feb 23 2017 (18:57)   06580/Vishakapatnam - Yesvantpur Tatkal Fare Special | VSKP/Visakhapatnam Junction (8 PFs)

Boxer Bhai   38199 blog posts   12668 correct pred (61% accurate)
Entry# 2175817            Tags   Past Edits
Ecor twitter pic
Vskp -ypr spl

Feb 24 2017 (19:32)
Boxer Bhai   38199 blog posts   12668 correct pred (61% accurate)
Re# 2175817-1            Tags   Past Edits
Regular with 30-50 mins speedup will be good

Feb 24 2017 (19:38)
Venkat వెంకట్   2291 blog posts
Re# 2175817-2            Tags   Past Edits
Ya will be useful for total coastal AP

Today (14:39)
tired f waitng4d PR SCRs train gets LHB rake~   1726 blog posts   34 correct pred (73% accurate)
Re# 2175817-3            Tags   Past Edits
Great ! Specials extended upto June.. God knows what is stopping from making this a regular service.
★★  Rail Fanning
Feb 20 2017 (20:58)   13401/Bhagalpur - Danapur InterCity Express | BARH/Barh (3 PFs) | JMP/WDP-4D/40413

RAJWDP4   2847 blog posts   95 correct pred (54% accurate)
Entry# 2172207            Tags   Past Edits
1 compliments
Nice Shot !!!
13401 UP BGP DNR Intercity exp accelerates out of BARH with stunning shining newbie of JMP WDP-4D 40413.

Feb 22 2017 (18:24)
बिहार संपर्क क्रांति aka 24 डब्बा वाला तांडव😎   1784 blog posts   480 correct pred (63% accurate)
Re# 2172207-1            Tags   Past Edits
Beautiful Shot 😘
Shinning Loco 😍
General Travel
Jul 26 2015 (11:27)   AUB/Aluabari Road Junction (2 PFs)

IR no more Safe   18944 blog posts   93970 correct pred (75% accurate)
Entry# 1550923            Tags   Past Edits
Shouldn't this be a Junction ?? ...
as one line goes to NJP & other towards Naxalbari - Bagdogra- SGUJ

1 posts are hidden.

Yesterday (17:17)
athul   2414 blog posts   155 correct pred (81% accurate)
Re# 1550923-2            Tags   Past Edits
Blog Entry Unlocked.
On request.

Today (11:03)
IR no more Safe   18944 blog posts   93970 correct pred (75% accurate)
Re# 1550923-3            Tags   Past Edits
New SB mentions as Jn.
Yesterday's pics.
Mod sir pls add Jn.

Today (14:39)
moderator   5458 blog posts   20 correct pred (61% accurate)
Re# 1550923-5            Tags   Past Edits
Now added. Thanks.
Page#    275462 Blog Entries  next>>

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    Feb 23 (01:22PM)

    There has recently been a lot of frustration among RFs when their Station Pics, Loco Pics, Train Pics get rejected because the "number is not showing", "shed is not visible", the loco/train is at a distance, Train Board is too small, "better pic available", etc. . To address this issue, effective tomorrow, ALL...
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    Feb 15 (09:53AM)

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    Feb 08 (11:40AM)

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    Feb 01 (11:05AM)

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    Jan 23 2017 (12:25AM)

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    Jan 21 2017 (02:46PM)

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