Archive for July, 2009

“USE "MICR" CODE TO GET EARLY REFUND” plus 1 more

USE "MICR" CODE TO GET EARLY REFUND

I have come to know from sources that dept. will sent refund order through UPC instead of registered post earlier,and you can forecast yourself how many refund order will be lost in transit,and how much difficult to get refund order from income tax deptt. second time ???.so what we should do ????
1. Send a request to FINANCE MINISTER to send refund order by REGT POST !!!!!!!?????
2. Fill your bank branch MICR code in INcome Tax Return & get the refund directly in bank account.
I think 99% people opts for 2nd choice.if you are with mass ,than you whould like to know what is micr code???.
WHAT IS MICR CODE
Full text of MICR code is :
MAGNETIC INK CHARACTER RECOGNITION (MICR)
In MICR technology the information is printed on the instrument with a special type of ink which is made up of magnetic material. On insertion of the instrument in the machine, the printed information is read by the machine. MICR system is beneficial as it minimizes chances of error, clearing of cheques becomes easy and transfer of funds becomes faster in order to facilitate operations.
MICR code consist of 9 digit
First three digit denotes city and are same/identical first three digit of your pin code
for example for New Delhi =110 so first three digit of MICR code of all the bank branches located in NEW delhi irrespective of bank or bank branches will be110.
4-6 digit denotes for Bank
each bank has given a three digit code,4-6 digit is= bank code eg. SBI code is "002"so 4-6 digit of MICR CODE all the the branches of SBI is "002" irrespective of location in the india.
(7-9)Last three digit denotes branch code,it is in serial wise ,means if delhi has only one branch of sbi and its MICR code will be
110(FOR CITY)
002(FOR BANK)
001(FOR BRANCH)
"110002001"
so if you are located in delhi & your client has given you a Micr code of the bank located in New Delhi ,does’t begin with "110",you can easily tell him your Micr code is wrong.
HOW CAN I KNOW MY BANK BRANCH MICR CODE
1. From your bank branch
2. from your cheque book ??
3. excel work book link is given below for Micr code for allmost all the branches located in India.
from cheque book ????yes ,if your bank branch has a Micr code than it is also printed on your cheque book,check your cheque book if there is a nine digit code and first three digit of the code=first three digit of your pin code than you can have got your MICR code.
so please fill MICR code to get the income tax refund directly into bank account.
WHETHER ALL THE BRANCHES IN INDIA HAVE MICR CODE?????
NO.
Is there any benefit for MICR code OTHER than ITR.
yes , now a days it is used by many organistions to send directly funds in customer account.
1. by mutual fund for sending sale receipt of the units to customer account
2.Refund of application money in shares .
3. Refund of taxes by other deptt also.
4. Refund of application money for real state/plot by govt/private organistion.
its use will increase only
MICR CODES OF BANK BRACHES IN INDIA(3.01MB)EXCEL
Micr Code in ZIP FILE(731 kb)updated 16/07/2008
other related term:

  1. What is Inter Bank Transfer?
    Inter Bank Transfer is a special service that allows you to transfer funds electronically to accounts in other banks in India through:
    • NEFT – The acronym “NEFT” stands for National Electronic Funds Transfer. Funds are transferred to the credit account with the other participating Bank using RBI’s NEFT service. RBI acts as the service provider and transfers the credit to the other bank’s account.
    • RTGS –The acronym “RTGS” stands for Real Time Gross Settlement. The RTGS system facilitates transfer of funds from accounts in one bank to another on a “real time” and on “gross settlement” basis. The RTGS system is the fastest possible inter bank money transfer facility available through secure banking channels in India.
  2. What is the minimum / maximum amount for RTGS /NEFT transactions?

Type

Minimum Maximum
RTGS Rs. 1 Lakh No Limit
NEFT No Limit No Limit
  1. When does the beneficiary get the credit for a RTGS payment?Under normal circumstances the beneficiary bank’s branch receives the funds in real time as soon as funds are transferred by the remitting bank.
  2. When does the beneficiary get the credit for a NEFT payment?
    The funds will be sent to the RBI within three hours of the transaction. The actual time taken to credit the beneficiary depends on the time taken by the beneficiary bank to process the payment.
  3. If an RTGS transaction is not credited to a beneficiary account, does the Remitter get back the money?
    Yes. If it is unable to credit the amount of the remittance to the account of the beneficiary for any reason, the beneficiary’s bank has to return the money to the remitting bank within 2 hours. Once this amount is received back by the remitting bank, the amount is credited to the Remitter’s account by the remitting bank branch.
  4. If an NEFT transaction is not credited to a beneficiary account, does the Remitter get back the money?
    Yes. If the money cannot be credited for any reason, the beneficiary’s bank has to return the money to the remitting bank . Once this amount is received back by the remitting bank, the amount is credited to the Remitter’s account by the remitting bank branch.
  5. At what time during the day /week is the RTGS & NEFT service is available?
    Presently, NEFT is settled in six batches at 09:30 A.M., 10:30 A.M., 12:00 P.M., 1:00 P.M., 3:00 P.M. and 4:00 P.M. hours on weekdays and 09:30 A.M., 10:30 A.M. and 12:00 P.M. hours on Saturdays in RBI. OnlineSBP sends the transaction requests upto 3:30 P.M. on weekdays and upto 11:30 A.M. on Saturdays.
    RTGS transaction requests will be sent to RBI upto 2:30 PM. on weekdays and upto 11:30 AM on Saturdays.
  6. Timing given as on date of publishing , it may be change in future 
  7. What is the mandatory information required to make an RTGS & NEFT payment?The Remitter has to provide the following details:
    • Amount to be remitted
    • Account number which is to be debited
    • Name of the beneficiary bank
    • Name of the beneficiary
    • Account number of the beneficiary
    • Remarks or description, if any
    • The IFSC code of the beneficiary branch
  8. How to find the IFSC code of the beneficiary branch?Based on simple search option- Location, Bank & Branch. The IFSC code will automatically be updated or if you know the IFSC code of the beneficiary bank, you can provide it directly.
  9. Do all bank branches in India provide RTGS & NEFT service?No. RTGS facility is enabled only in specific bank branches across India. You can view a list of these branches in the RBI website: www.rbi.org.in/Scripts/Bs_viewRTGS.aspx. NEFT is enabled only in specific bank branches across India. You can view a list of these branches in the RBI website: http://www.rbi.org.in/scripts/neft.aspx.
  10. How do I go about using this service?
    1. You should be an active Internet Banking user with transaction rights.
    2. Log on to http://www.onlinesbp.com by using your SBP Internet Banking ID and Password.
    3. Click on the ‘Manage Interbank Payee’ link in the ‘Profile’ tab.
    4. Select the ‘Add’ option and provide the Beneficiary Name, Beneficiary Account Number, Beneficiary Bank and transfer limit to register the Beneficiary.
    5. IFSC code of the Beneficiary’s bank can be keyed in by two ways:
      1. Click the IFSC Code option and a textbox is displayed where you can enter the 11 digit IFSC Code of the Beneficiary Bank.
      2. Click the Location option, the following are retrieved and displayed.
    6. Beneficiary Bank Name – Dropdown Menu
    7. Location – Dropdown Menu
    8. Branch – Dropdown Menu
    9. The confirm button will be enabled only after clicking the accept button in the terms and conditions window.
    10. After providing all the details, the beneficiary will be added. It will be shown whether the added beneficiary bank is RTGS or NEFT enabled.
    11. After adding the Beneficiary you will receive a high security password in your mobile number. This is done basically to double check your identity. Provide the password to authorize the Beneficiary. After a Beneficiary is authorized you can start transferring funds.
    12. You can proceed to make payments by clicking the ‘Inter bank Transfer’ link in the ‘Payments/Transfers’ tab.
    13. According to the transaction type selected (RTGS/NEFT), the credit account details will be displayed depending on whether the branch is RTGS or NEFT enabled or both.
    14. Select the Beneficiary from the list of registered Beneficiaries.
    15. You can either confirm or cancel the transaction.
  11. What are the service charges applicable for RTGS/NEFT transactions?
    Commission charges of Rs 25/- is applicable for all RTGS transactions, irrespective of the transaction amount. You can make NEFT transactions up to Rs. 50,000/- WITHOUT ANY COMMISSION CHARGES. For NEFT transactions above Rs. 50,000/- the charges are as listed in the following table:
    Scheme Amount Rate Minimum Charge Maximum Charge
    RTGS RS.ONE LAKH AND ABOVE Rs.25/- per transaction Rs.25/- Rs.25/-
    NEFT Upto Rs.50,000 Nil Nil Nil
      Above Rs.50,000/- Rs.25/- Rs.25/- Rs.25/-

    NOTE:THESE RATES ARE OF STATE BANK OF PATIALA . RATE OF OTHER BANK MAY BE SLIGHTLY DIFFERENT.

  12. FULL DETAIL ABOUT NEFT

    LIST OF BANK BRANCHES HAVING NEFT (2.9 mb)

    FULL DETAIL OF RTGS

FAQ ON RTGS

Considering that more than 26,000 branches at more than 3,000 cities/ towns.COMPLETE LIST OF BANK BRANCHES IS of 2 GB ??????,SO LINK IS NOT PROVIDED ,CONTACT YOUR BRANCH .

List of BSR Codes

List of BSR codes of branches authorised to collect direct taxes (as informed by respective banks)(source :TIn-nsdl)

Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank
Corporation Bank
Dena Bank
HDFC Bank
ICICI Bank
IDBI Limited



Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab & Sindh Bank
Punjab National Bank
Reserve Bank of India
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of India
State Bank of Indore
State Bank of Mysore
State Bank of Patiala
State Bank of Travancore
State Bank of Saurashta
Syndicate Bank
The Jammu and Kashmir Bank
UCO Bank
Union Bank of India
United Bank of India
UTI Bank
Vijaya Bank
bsr code of bank branch remain same in indirect taxes but some of bank braches are not authorised to deposit indirect taxes though authorised to receive Direct taxes.

 

Document Identification Number by Income Tax department

I have seen that CBDT or tax authority always  makes rules for tax payers but this time they have come up with rules which is applicable for themselves .It is self regulation measure which is help full in curb the Inspector raj in income tax department and further reduce the role of middle man and create a transparent atmosphere.
what is this step/rule.???
The rule is that Income tax department will  Allot of Document Identification Number(DIN) on each communication made within or with the assesse(taxpayer)both incoming and outgoing letter .DIN will be generated/alloted through computer.
The new Section 282B of the Income Tax Act reads as,

(1) Every income-tax authority shall allot a computer generated Document Identification Number in respect of every notice, order, letter or any correspondence issued by him to any other income-tax authority or assessee or any other person and such number shall be quoted thereon.

(2) Where the notice, order, letter or any correspondence, issued by any income-tax authority, does not bear a Document Identification Number referred to in sub-section (1), such notice, order, letter or any correspondence shall be treated as invalid and shall be deemed never to have been issued.

(3) Every document, letter or any correspondence, received by an income-tax authority or on behalf of such authority, shall be accepted only after allotting and quoting of a computer generated Document Identification Number.

(4) Where the document, letter or any correspondence received by any income-tax authority or on behalf of such authority does not bear the Document Identification Number referred to in subsection (3), such document, letter or any correspondence shall be treated as invalid and shall be deemed never to have been received.”

After application of this section the Income tax dept will allot DIN(document identification Number) on each incoming or outgoing letter/Notice.so after this either of the party can not deny existence of the letter/memo/notice.This system will be beneficial for most of Honest tax payers .
The entire office administration will automatically improve if you have control over the inward and outward correspondence. And the government seems to be serious – that’s why they have inserted these provisions in the Act – instead of issuing circulars which are anyway going to be flouted with impunity.

FILE YOUR IT RETURN WITHOUT DIGITAL SIGNATURE FOR 199(rate reduced from 250 earlier) RS INCLUSIVE OF ALL TAXES

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LIFE COVER of Rs 1 Cr FOR JUST Rs. 15000

LIFE COVER OF Rs 1 CRORE FOR JUST Rs. 15000

There is a quiet rate war raging among insurers that has brought down the cost of Rs 1 crore cover to Rs 15,000 from over Rs 50,000 per annum a decade ago. A big chunk of the reduction has happened in recent months. Without much publicity life insurance companies have drastically reduced premium rates on high-value term insurance policies of Rs 1cr and above.
As against a premium of over Rs 50,000 for a Rs 1 cr cover for a 30-year old woman charged by Life Insurance Corporation a decade ago, private life insurer Birla Sun Life are offering a similar cover for an annual premium of around Rs 15,000.
Other private life insurers, such as ICICI Prudential life and HDFC Standard Life, have also reduced their term insurance rates. The term rates for LIC policies, too, have come down drastically as compared to 10 years ago.
Today, one can avail of a LIC term policy with a sum assured of Rs 1cr for an annual premium of nearly Rs 25,700-32 ,000. But unlike LIC whose rates are available to most buyers, Birla Sun Life has stringent underwriting norms and the rates are available to only those in the best of health.
Term insurance is a cover where the only benefit is a payment if the insured dies during the term of the policy is the most basic form of life insurance. The cover is now almost a commodity with web-based aggregators offering quotes from all insurance for term protection.
ICICI Prudential Life appointed actuary Avijit Chatterjee said the decline can be attributed to better mortality experience in the recent past.
This is another factor, industry-watchers feel, that has worked in favour of the rich. Since such policyholders have access to quality healthcare and lead a relatively superior lifestyle, their life expectancy is high, and this translates into lower rates.
“Term insurance premium rates have started seeing a downward trend since the last three years. Over the last couple of years, they have dropped by nearly 30%," said Rahul Aggarwal, CEO, Optima Insurance Brokers. One of the reasons for this, he explained, is the increasing demand, mainly from the high net worth segment, which has inflated the volumes. "Increasing volumes are driving the rates down and lower rates, in turn, are stimulating the demand for term insurance," he added
"Over the last six months, some insurers have reduced the term insurance rates. The price reduction is limited mainly to high value policies targeted at the HNI segment, that is, people earning over Rs 1 lakh per month, who seek policies entailing a sum assured of more than Rs 25 lakh," said a senior executive with a private life insurance company.
HDFC Standard Life Insurance, for instance, has reduced the premium rates of its term plan by around 25% across different premium and age bands.

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Child Adoption Leave Enhanced to 180 days

Enhancement of Child Adoption Leave from 135 days to 180 days and extension of the facility of Paternity Leave to adoptive fathers

 

No. 13018/1/2009-Estt.(L)
GOVERNMENT OF INDIA
Ministry of Personnel, Public Grievances & Pensions
(Department of Pension & Pensioners’Welfare)

Lok Nayak Bhawan,New Delhi-110003
dated the 22nd July, 2009

OFFICE MEMORANDUM

Sub: Enhancement of Child Adoption Leave from 135 days to 180 days and extension of the facility of Paternity Leave to adoptive fathers.

The undersigned is directed to refer to this Department’s O.M. No.13018/4/2004-Estt.(L) dated 31st March, 2006 regarding grant of Child Adoption Leave for 135 days to female Government servant on adoption of a child upto the age of one year, on the lines of maternity leave admissible to natural mothers. After implementation of the Sixth Central Pay Commission recommendations, the period of maternity leave was enhanced from 135 days to 180 days. Subsequently, this Department has received representations requesting for enhancement of the period of Child Adoption Leave from 135 days to 180 days in line with the maternity leave. The matter has been examined in this Department and it has been decided to enhance the period of Child Adoption Leave from 135 days to 180 days.

2. A female Government servant in whose case the period of 135 days of Child Adoption Leave has not expired on the date of issue of these orders shall also be eligible for Child Adoption Leave of 180 days.

3. It has also been decided that a male Government servant (including an apprentice) with less than two surviving children, on valid adoption of a child below the age of one year, may be sanctioned Paternity Leave for a period of 15 days within a period of six months from the date of valid adoption.

4. These orders shall take effect from the date of issue.

5. In so far as persons serving in the Indian Audit and Accounts Department are conceded, these orders issue in consultation with the Comptroller and Auditor General of India.

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SMS BASED SERVICE FOR CHALLAN STATUS

SMS BASED SERVICE FOR CHALLAN STATUS

Tax Information Network (TIN) hosted by National Securities Depository Limited (NSDL) on behalf of Income Tax Department (ITD) gives you a facility to verify whether the banks have correctly uploaded the details of your tax deposit to ITD through SMS.

SMS based verification

The procedure for availing this facility is as under:

1. Send an SMS to 575758 with a message containing the word CSI followed by a space and CIN provided by the respective Bank at the time of making the Direct tax payment and the amount.

2. Challan Identification Number (CIN) consists of BSR Code of Collecting Branch (seven digit), Challan Tender Date (DDMMYYYY) and Challan Serial No (length less than or equal to 5 digit).

3. The amount is an optional field. If you provide the amount in the SMS you would get the confirmation whether the amount uploaded by bank matches with the amount paid by you.

4. Each of BSR code, Tender date, the challan serial number and amount should be separated by commas

For e.g., if the tax payer input “CSI 0510001,11032009,5,5000” where in

“0510001” is the BSR code of the collecting branch,

“11032009” is the Challan tender date,

“5” is the Challan serial number and

“5000” is the amount paid by the taxpayer.

The tax payer will get the information against which TAN/PAN the payment has been accounted with the confirmation whether amount entered is matched or not. 

(This is an illustrative CIN, actual CIN should be provided in the SMS).

There will be special charges for these SMS. These charges may vary from one mobile service-provider to another. The charge structure can be obtained from the concerned service-provider.

Online Challan Status Inquiry

You can also get the status of your CIN from www.tin-nsdl.com under the section Challan Status Inquiry.

This is a system Generated Mail and should not be replied to.

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नवरा आणि बायकोच्या भांडणाचे dialogs -Funny quarrel dialogs

नवरा आणि बायकोच्या भांडणाचे dialogs -Funny quarrel dialogs

वेगवेगळ्या क्षेत्रातील पुरुषांच्या बायका नवरयाबरोबर भांडताना, काय उदगार काढतील..?
पायलटची बायको … " गेलास उडत…"
मंत्र्याची बायको … " पुरे झाली तुमची आश्वासनं."
शिक्षकाची बायको … " मला नका शिकवू…"
रंगारयाची बायको … " थोबाड रंगवीन."
धोब्याची बायको … " चांगली धुलाइ करीन."
सुताराची बायको … " ठोकुन सरळ करीन."
तेल विक्रेत्याची बायको … " गेलात तेल लावत."
न्हाव्याची बायको … " केसाने गळा काप्लात की हो माझा."
डेंटिसची बायको … " दात तोडुन हातात देइन."
शिंप्याची बायको … " मल शिवलंस तर याद राख."
अभिनेत्याची बायको … " कशाला नाटक करता?"
वाण्याची बायको … " नुसत्या पुड्या सोडु नका "
रेल्वे ड्रायव्हरची बायको…. " आली का गाडी रुळावर/लायनीवर ?"
संगणक अभियंत्याची बायको….. " तुला डिलीट करून टाकीन

funny marathi joke

मुलगा मुलीच्या घरी तिला ‘पाहायला’ गेला आहे. आजकालच्या प्रथेप्रमाणे वडीलधारे त्या दोघांना ‘एकटे’ सोडतात.)
मुलगी : तुम्ही काय करता?
मुलगा (मिष्कील स्वरात) : आंघोळ!!!! (आता प्रश्ान् विचारण्याची त्याची पाळी. तो विचारतो…) तुम्हाला काय येतं?
मुलगी (मिष्कीलपणे) : घाम!!!!
मुलगा (चपापतो, सावरतो) : अं, ते जाऊ दे. तुम्हाला गाता येते का?
मुलगी : हो….
मुलगा : मग गाऊन दाखवा ना!
मुलगी : बाहेर वाळत घातलाय!!!!!
मुलगा (आता पुरता फ्लॅट होऊन, कसाबसा) : वाळू दे, वाळू दे!
( मुलगी आत जाऊन मूठभर वाळू आणून त्याच्या हातात देते आणि तो बेशुद्ध पडतो….)

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रेल बजट से कंपनियां खुश

रेल बजट से कंपनियां खुश
नयी दिल्ली : रेलमंत्री ममता बनर्जी के रेल बजट में घोषित की गई पब्लिक-प्राइवेट-पार्टनरशिप (पीपीपी) योजना से वैगन और कोच बनाने वाली कंपनियां काफी खुश हो गई हैं, क्योंकि उन्हें इस योजना के तहत अपने लिए असीम व्यावसायिक संभवानों नजर आ रही हैं। बमबार्डियर, टीटागढ़ वैगन्स, जीसॅप और टेक्समेको जैसी निजी क्षेत्र की बड़ी कंपनियां रेल बजट में घोषित डबल डेकर इंटरसिटी एसी कोचों को लाने और 18000 नये वैगनों के चालू वर्ष 2009-10 के दौरान रेलवे द्वारा खरीदे जाने की योजना से अत्यंत उत्साहित हो गई हैं और इसमें से ज्यादा से ज्यादा हिस्सा मिलने की उम्मीद कर रही है.
इस बारे में बमबार्डियर ट्रांसपोर्ट इंडिया के प्रबंध निर्देशक श्री राजीव ज्योति का कहना है कि विश्व स्तर पर हमारी कंपनी डबल डेकर कोच बनाने में अग्रणी है और जब भारत में डबल डेकर कोचों की यह प्रक्रिया शुरू होगी, हम इसके साथ ही खानपान सेवाओं में भी रेलवे की जरूरतों के मुताबिक अवश्य रुचि लेना चाहेंगे. उन्होंने बताया कि बमबार्डियर की निर्माण इकाई (फैक्टरी) बड़ोदरा, गुजरात में स्थापित है, जहां मेट्रो ट्रेनों के लिए कोचों का निर्माण किया जाता है. यदि भा. रे. से कंपनी को डबल डेकर कोचों का ऑर्डर मिलता है, तो यह कोच भी वड़ोदरा में बनाये जा सकेंगे, क्योंकि हमारे पास इसकी पर्याप्त सुविधा और ढांचा मौजूद है.
टीटागढ़ा वैगन्स के प्रबंध निर्देशक श्री उमेश चौधरी का कहना है कि वैगनों का ज्यादा से ज्यादा सप्लाई ऑर्डर पाने के साथ ही हमारी योजना रेलवे की पीपीपी योजनाओं में भी बड़े पैमाने पर भागीदारी करने की है. उन्होंने बताया कि इसके अलावा हमारी कंपनी ने ईएमयू एवं अन्य यात्री कोच बनाने शुरू कर दिए हैं तथा इस क्षेत्र में ज्यादा से ज्यादा प्रगति पर हम अपना ध्यान केंद्रित कर रहे हैं. उन्होंने बताया कि हमारी कंपनी टीटागढ़ वैगन्स, काचरापाड़ा, कोलकाता में स्थापित होने जा रही रेलवे कोच फैक्टरी में रेलवे के साथ संयुक्त उपक्रम के तहत यात्री कोचों के निर्माण सुविधा स्थापित करने के लिए प्रयास करेगी. उन्होंने बताया कि हम डंकुनी में लोकोमोटिव कमपोनेंट्स पार्क स्थापित करने तथा रेलवे की विश्वस्तरीय स्टेशन निर्माण योजनाओं में भी भागीदारी करने के प्रति अत्यंत उत्सुक हैं.
के.के. बिड़ला ग्रुप की कंपनी टेक्समेको, जो कि रेलवे के लिए विभिन्न प्रकार की मशीनों और फ्रेटकारों का निर्माण करती है, को भी रेलवे से अतिरिक्त बिजनेस मिलने की उम्मीद है. कंपनी के मुख्य कार्यकारी अधिकारी (सीईओ) श्री रमेश महेश्वरी को पूरी उम्मीद है कि रेलवे के विश्वस्तरीय स्टेशन प्रोजेक्ट में से काफी व्यवसायिक हिस्सा उनकी कंपनी को अवश्य मिलेगा. उन्होंने अपने इस विश्वास का आधार यह बताया कि उनकी कंपनी द्वारा पहले से ही दिल्ली स्टेशन के आधुनिकीकरण की योजना में काम किया जा रहा है और हम अब अन्य स्टेशनों के लिए भी बोली लगायेंगे. श्री महेश्वरी ने बताया कि हम काचरापाडा़ रेल प्रोजेक्ट के लिए अपनी ज्वाइंट वेंचर पार्टनर ऑस्ट्रेलिया की यूनाइटेड रेल की विशेषज्ञता को यात्री कोचों के निर्माण की इस महती योजना के लिए उपयोग में लायेंगे.
रुइया समूह की जीसॉप कंपनी के चेयरमैन श्री पी.के.रुइया ने कहा कि उनकी कंपनी वर्षों से रेलवे के लिए ईएमयू कोचों का निर्माण कर रही है. इसलिए उनकी कंपनी अपने दीर्घ अनुभव के बल पर इस क्षेत्र में अपना बिजनेस शेयर अवश्य हासिल करेगी. ज्ञातव्य है कि जीसॉप वैगन और कोच निर्माण क्षेत्र की एक पुरानी स्थापित एवं जानी मानी कंपनी है.

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Railways in talks with EMD

Railways in talks with EMD for technology transfer

Kolkata : The Railways is negotiating with Electro-Motive Diesel (EMD) of US, an erstwhile arm of US automaker General Motors, for technology transfer in manufacturing state-of-the-art diesel locomotives as part of a plan to add more horsepower (HP) to its engines. The strategy underlines the aggressive growth plans of Railways in the years ahead as it strives to fulfil the needs of one of the fastest growing global economies.
“Railways is in talks with EMD for advance technology to induct new locomotives which will have higher horsepower in the future,” an official Railways said.
EMD, one of the world’s largest builders of railway locomotives in terms of overall sales, was recently hived off as a separate company from its parent, the US automobile giant General Motors. Railways earlier had a 10-year technology agreement, which got over in 2006. In the aftermath of the US recession, the company is increasingly looking at India and the railways to scout for new business.
The Railways has been manufacturing diesel locomotives of 4,000 HP based on EMD design at the Diesel Locomotive Works (DLW), its dedicated facility for such engines in Varanasi. More recently, however, Railways has started manufacturing locos of 4,500 HP. By the end of 2009-10, DLW is likely to completely switch over to manufacturing such locos. The road ahead is to introduce locos of 5,000 or higher HP, for which the Railways is keen to source the best technology.
Last year, DLW produced its best-ever output of some 257 locos, including 80 EMD type. A majority of DLW’s production caters to the Railways with corporate, including power and steel companies, accounting for the rest. In addition to this, Diesel Loco Modernisation Works at Patiala has also been regularly taking up the job of upgrading older 2,600 HP locos into 3,100 HP ones.
The target is to upgrade a substantial part of the 5,000 locos in operation. At the same time, these locos are also being retro-fitted with advanced micro-processors.

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Surplus 90000 cr OR 8000 cr Profit…?

Surplus 90000 cr
OR
8000 cr Profit…?

Parmeet Ghosh an irfca member says…
With Mr Lalu Prasad Yadav declaring that railway had a surplus of 90000crores but Mrs Mamta Banerjee had declared that Railway has just 8000crores. With now Railway ready to bring white paper on it let see whether Management guru was worth or not. If not IIM A student should be given a case study called Mr fraud on Lalu.
N.Prakash Prasad an irfca member says…
Lalu was heard saying that 90000 crore was the total revenue that railways earned and this figure excludes all expenditure.Hence if expenditure was deducted then may be we come to the figures that mamtaji has given
Roy S Karia an irfca member says….
Actually neither of them are lying: its the story of 5 blind men and the elephant all over again! Each person is "seeing" one side of the story and interpreting it to mean the whole.
When laloo quotes a figure of 90000 crores it is actually the sum of the surplus earned in the years he was railway minister. Mamta’s figures of 8000 crore are what is left of the surplus right now!
The surplus – what is left of revenue after meeting operational and capital expenses – of every year is not really being transferred to the Consolidated Fund of India. The railways use this to meet their expenditure and earmark for new projects as well. And these kind of expenses don’t remain the same every year: some expenses, like after the 6th pay commission implementation could inflate expense accounts for a year.
Either ways: 90K or 8K: there is no denying that the Railways is in a much better position now than it was in after the low of 2003.
Rajendra Saxena an senior railway official says…
There is nothing wrong in budget figures. It is English language which can distort the picture . see following extract from rail minister speech
new minister has not question the profit . she has said that current balance with railway is 8361 cr . what laluji has said that he has generated 90000 cr surplus in last five year

Extract of MR speech 3rd july Performance in 2008-09
50. Madam, despite the economic slowdown in the last financial year, the Railways loaded 833 MT of freight cargo which is a 5% growth over the previous year. Traffic Receipts grew by 11.4% to reach Rs 79862 cr. Even after having disbursed Rs. 13,600 cr. towards implementation of 6th Pay Commission recommendations the Railways were successful in generating a cash surplus before dividend of Rs. 17,400 cr. and after fulfilling their full dividend liability of Rs 4,717 cr were able to maintain internal generation for investment at Rs. 12,681 cr.
it is clear from above that gross revenue of Rs 79862 cr against the gross expenditure of Rs 48000 cr generating a surplus of Rs 31000 cr in 2008-9 .even after paying the pay commission arrear & dividends , surplus remains Rs 12 ,681 cr .if pay commission would not have been there (which was not there in last 5 yr) surplus would have been Rs 25000 cr after paying full dividend liability
now you add the surplus of last 5 year & total will be Rs 90,000 cr or so
2.extract of Laluji speech in feb 2009
Performance Review of 2007-08
11. Sir, I would now like to present in brief the operating results
for the previous fiscal2007-08. . Freight and passenger earnings
grew at 14 and 15 percent respectively. Total traffic earnings also
increased by 15 percent to reach Rs 71,645 cr. The cash surplus before dividend increased from the 2006-07 level of Rs 20,338 cr to Rs 25,006 cr
Now where is that surplus . naturally it is not in fixed deposit . only 8361 cr at present are with RBI in Railway account & balance has been invested in various planned & development project .earlier railway was borrowing from market & central govt for its developmental projects but now a days majority was funded with railway own surplus. RailSamachar

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TVC : Train accident averted

Thiruvananthapuram : The passengers of the Rajdhani Express bound for New Delhi had a providential escape with timely action by the railway authorities following an information that the track was damaged as sand and metals under it were washed away due to the incessant rains. According to information available, the railway authorities received information at about 0010 hours that about 50 metres of the track was damaged due to flood waters which forced them to detain the superfast train at Kurukutty to avoid any mishap.
Following the incident, the Southern Railway cancelled many long distance trains, besides rescheduling many trains, official sources said.
The sources said the repairing of railway track was progressing on a war-footage and it was expected that the train traffic would resume normally by evening.
While the Kannur-Ernakulam Express and the Guruvayoor-Ernakulam Passenger trains were cancelled, the Thiruvananthapuram-Shoranur and Ernakulam-Shoranur passenger were cancelled partially, a release said here.
The SR had also rescheduled six express trains, including the Ernakulam-Bangalore inter-city Express, Enrakulam-Nizamuddin Mangal Express, Trivandrum-Chennai Mail, Kochuveli-Bangalore Express and Ernakulam Nizamuddin Express.

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RPF, RPSF urging Centre for more powers :DGP

RPF, RPSF urging Centre for more powers :DGP
Tiruchirapalli : Railway Protection Force (RPF) and the Railway Protection Special Force (RPSF) were continuously urging the Centre to give them more powers, including investigative powers, in order to enhance the security measures to the properties of the Indian Railways as well the travelling public, Director General of Police (DGP), RPF/RPSF, Ranjit Sinha said.
Addressing ‘Dikshant’ parade of 81st batch of RPF/RPSF recruits here today, Mr Sinha hoped that they would get adequate powers soon.
He said thanks to the sixth Pay Commission recommendations, the members of RPF/RPSF force were going to benefit to a larger extent which would enhance the efficiency of these two forces.
Later, addressing a press conference, Mr Sinha said after the recent terrorist attack in Mumbai on November 26 last, security measures had been enhanced further inside and outside the railway network areas.
Stating that Railway Minister Mamata Banerjee also was very keen to enhance the security measures of the Indian Railway system, he said it was planned to introduce Integrated Security Scheme (ISS) in all the Indian Railway stations for which the railway stations had been divided into three categories.
Under first category, ISS would be introduced at important railway stations in the four metropolitan cities besides cities like Bangalore and Hyderabad.
In category two, the ISS would be introduced at important railway stations in tier two cities and remaining railway stations would be covered under ISS in third category, he added. He said the Centre had earmarked a sum of Rs 350 crore to introduce ISS in 140 important railway stations at all the metros and the important cities of the country for the current year. The works under ISS had already commenced by ordering the equipment like Luggage Scanner, Bomb Detection
Device and Close Circuit Television, he added.

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