Wednesday, January 17, 2018

Revenue Receipts and Expenditure Pattern Reviewed

Ministry of Finance

Revenue Receipts and Expenditure Pattern Reviewed;

Additional borrowing of only Rs20,000 cr of Government Securities would be adequate to meet financing needs

Vide the Press Release dated December 27, 2017, Government had stated that it will raise additional market borrowing of Rs50,000 crore through dated Government securities in the current financial year, 2017-18.

Upon a review of trends of revenue receipts and expenditure pattern, it has been assessed that additional borrowing of only Rs20,000 crore of Government securities would be adequate to meet financing needs. Government did not accept borrowings of Rs15,000 crore in last three auctions. Remaining Rs15,000 crore would be reduced from the notified borrowing programme of ensuing weeks.

PIB

Admissibility of House Rent Allowance in the event of non-acceptance or surrender of railway residential accommodation

Admissibility of House Rent Allowance in the event of non-acceptance or surrender of railway residential accommodation

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)
RBE No. 05/2018
New Delhi, dated : 15.01.2018
No.E(P&A)II-2017/HRA-3

The General Managers,
All Indian Railways & Production Units etc.

Sub : Admissibility of House Rent Allowance in the event of non-acceptance or surrender of railway residential accommodation.

Ref : Board's letters No.
(i) No. E(P&A)II-87/HRA-15, dated 16-5-1988,
(ii) No. E(P&A)11-95/HRA-3, dated 14-2-1996,
(iii)  No. E(P&A)11-99/HRA-2, dated 12-7-1999 & 16-3-2000,
(iv) No. E(P&A)II-2002/HRA-4, dated 16-10-2002,
(v) No. E(P&A)11-2002/HRA-4, dated 9-5-2003 and,
(vi) No. E(P&A)II-2010/HRA-2, dated 08-12-2010

Attention is invited to Board’s letters quoted above delegating powers to the General Managers and other Heads of Organisations directly controlling allotment of quarters to Railway Servants for sanction of House Rent Allowance in accordance with the prescribed conditions to the categories of Railway Employees specified therein. This delegation of powers was valid upto  31.03.2017.

2.The question of renewing this delegation of powers beyond 31.03.2017 has been engaging the attention of the Board. On the basis of the reports received from the Zonal Railways and Production Units, the matter has been considered and the Board have decided to renew the sanction contained in para 5 of their letter dated 16.5.1988 ibid and as amended/modified from time to time, w.e.f 01.04.2017 upto 31.03.2024 where after the question of renewing this delegation will be considered by the Board and a fresh sanction, if necessary, issued on the basis of reports received from the General Managers etc., directly controlling allotment of quarters, in regard to the position of availability of Railway accommodation under their control.

3. In case at any point of time it transpires that some accommodation is likely to remain vacant/un-occupied due to lack of demand, it should be made compulsory to submit applications for such types where there is surplus accommodation, and consequently, the employees entitled for such types would not be eligible to draw House Rent Allowance.

4.  This delegation is also subject to the over-riding, condition that these orders are liable to be withdrawn/modified at any time during this period, if it is considered necessary by the Board to do so.

5. This has the approval of the President and issues with the concurrence of the Finance Directorate of the Ministry of Railways.

6. Kindly acknowledge receipt.
S/d,
(Salim Md. Ahmed)
Deputy Director, Estt.(P&A)II,
Railway Board
Source: NFIR

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