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Commercialpedia Indian Railways commercial circulars and policies

POWER POINT PRESENTATION OF RAILWAY REVENUES

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Summary

Personal cash is the private cash pertaining to the staff working at stations/ booking office / parcel office, Goods sheds etc., who deals with the cash transactions.

Text of the circular

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Welcome  to a Class on Revenues of Indian Railways

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ROLE OF INDIAN RAILWAYS IN A NUTSHELL
Indian Railways is an Statutory Organisation owned by the Government of India which Operates Passenger and Freight Trains from Kashmir to Kanyakumari and from Gujarat to Assam.
 The main aim of Railway is to give its citizen a popular mode of Cheaper Transport when compared to private players.
However Railways is still a monopoly and doesn’t have any competitors.
While doing so in order to sustain on its own it needs to generate its own revenue which we call as the earnings of Railways.
The word earnings has been replaced with Revenue in the recent past.
In Todays introductory class we are going to know about the various railway revenue sources.
Before we go to know them you all must know that each one of you form are a  part of the chain through which Railways earns its revenue.
Each one of you is responsible for the correct collection of Railway Revenue and safe deposit of the same to the concerned point of deposit.
Any lapse on your part will be viewed seriously and dealt according to  D & AR.

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# Sources of Railway Revenues
In terms of Indian Railway  Finance Codal provision, the  source of Railway Revenue are classified under three main heads:

Abstract X – Coaching Revenue which is generated through passenger fare & Other Coaching Revenue which is mainly consists of Parcel & Luggage revenue, TTE & TE’s penalty amount, Special Train etc

Abstract Y – The revenue generated from Goods are termed as Goods Revenue.

Abstract Z - All other revenue other than Coaching and Goods form Sundry revenue. These sundry revenue are the Non-fare revenue generated by the Zonal railways. Examples Revenue generated through Advertisement, Parking.

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# Sources of Railway revenue
COACHING REVENUE
Passenger Traffic
Special trains and Reserved Coaches
Season tickets
Platform tickets
TE revenue
TTE revenue
Luggage
Cloak room
Animals and Birds
Motor vehicles
Parcels
Demurrage , Wharfage, storage
GOODS REVENUE

General Merchandise
Coal
Military
Ores
Demurrage
Wharfage
WDRF if forfieted
ODC chages
Development charges
Siding Charges

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# SUNDRY REVENUE
Inshort ,Revenue in Railways other than good's freight and passengers fare is known as sundry revenue

sundry revenues which includes renting and leasing of buildings, catering services, advertisement, Diet charges, retiring room, parking fee, RELHS etc

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# Role of Traffic Accounts
Correct Accountal of Traffic Revenue
Emphasis on Accuracy through Internal Check
Realization of Railway dues

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# ACCOUNTAL OF RAILWAY REVENUE
The correctness of collections and promptness in accounting of all these receipts is checked by the Traffic accounts branch of the Zonal Railways
The initial records maintained by above units, which do not come under the scrutiny of Traffic Accounts Branch are checked by Travelling Inspectors of Station Accounts who is responsible to ensure that the returns submitted by these units have been correctly prepared and agreed with the initial records maintained by them.
Therefore Travelling Inspectors of Station Accounts from the important link between the traffic accounts branch and these units in ensuring the correctness of the collections and promptness in accounting of the Railway Revenues

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# Functions of Traffic Accounts
That the entity to whom service is rendered pays the proper amount.
That the Railway servant receiving payment correctly accounts for the same.
That if more than one Railway renders the service, proper distribution of revenue is done
That collection of vouchers and rising of debits to concerned department.

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# Functions of Goods Section
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