DISSERTATION PARLIAMENTARY CONTROL OVER RAILWAY ACCOUNTS

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DISSERTATIONPARLIAMENTARY CONTROL OVER RAILWAY
ACCOUNTS

• BY
• P.Suresh

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Introduction

• IR being major departmental undertaking of GOI
• IRs functions finances are watched and
  controlled by the parliament.

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Parliamentary control

• Parliamentary control is exercised in two ways.
• By voting the railway budget and review of budget
  through appropriation accounts.
• Review of the policy and the finances through
  committees viz. estimates committee, Public
  account committee and Railway convention
  committee

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Estimates committee

1. To report on the economies, improvements in
   organization, efficiency or administrative
   reforms.
2. Whether the money is well laid within the limits
   of the policy implied in the estimates.
3. May also examine matters of special interest.

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Public Accounts Committee

1. Examines the appropriation accounts.
2. Annual financial accounts of the GOI.
3. Examines and enquires into various irregularities
   and audit reports.
4. Other accounts committee may think fit

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Action taken on PAC report

• The findings recommendations of PAC are given
  due weightage by the GOI and circulars are issued
  by RB to take steps in that direction.
• In case the recommendations cannot be
  implemented, the views of the government are
  placed before the committee in the form of a
  memorandum.

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Railway convention committee

• An adhoc committee constituted to review the
  dividend payable by the railways to the GOI.
• Now it is taking up various issues pertaining to
  Railways working.

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Appropriation accounts

• This comes in two parts.
• Part I deals with review.
• Part II gives detailed appropriation accounts.
• The appropriate accounts have a number of annex
  ures covering the entire gamut of Railways
  financial transactions.

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Appropriation accounts

• Its purpose is to ensure that no money is spent
  out of state coffers without the sanction of the
  parliament.
• It is prepared in form F403 and show the main
  head, subhead, final grant, actual expenditure
  and excess/savings for each grant.
• 
  

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Appropriation accounts

• Explanations for variations for each sub head
  should clearly bring out reasons for correct
  classification, large variations, non-receipt of
  debts etc. Also variations in each grant as a
  whole should be explained.

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Subsidiary statements and annexures

• Block accounts, capital statement, balance sheet
  and profit and loss account of the Railway
  separately for commercial and strategic lines are
  prepared along with the Appropriation Accounts.

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Follow up of committee reports

• After the presentation of the reports, copies are
  forwarded to the ministries for taking action on
  the recommendations made therein.

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Thank you