Podcast
Questions and Answers
What is the maximum amount that can be paid for claims settled out of court, according to the content provided?
What is the maximum amount that can be paid for claims settled out of court, according to the content provided?
What type of claims are specifically excluded from the 'claims settled out of court' category mentioned in item vi(a)?
What type of claims are specifically excluded from the 'claims settled out of court' category mentioned in item vi(a)?
In which scenario does the Railway Board need to be informed about the details of a claim?
In which scenario does the Railway Board need to be informed about the details of a claim?
What is the maximum amount that can be paid for a claim settled out of court, if it involves military duty?
What is the maximum amount that can be paid for a claim settled out of court, if it involves military duty?
Signup and view all the answers
Which of the following claims is not subject to the power of the higher authority?
Which of the following claims is not subject to the power of the higher authority?
Signup and view all the answers
What is the maximum amount that can be paid for a claim decreed by a court of law?
What is the maximum amount that can be paid for a claim decreed by a court of law?
Signup and view all the answers
Which of the following conditions applies to claims settled by arbitration award?
Which of the following conditions applies to claims settled by arbitration award?
Signup and view all the answers
If the higher authority needs to pay more than Rs. 25,000 for a claim decreed by a court of law, what action is required?
If the higher authority needs to pay more than Rs. 25,000 for a claim decreed by a court of law, what action is required?
Signup and view all the answers
According to the content, what is the purpose of informing the Railway Board about claims exceeding Rs. 25,000?
According to the content, what is the purpose of informing the Railway Board about claims exceeding Rs. 25,000?
Signup and view all the answers
What is the main focus of this content?
What is the main focus of this content?
Signup and view all the answers
What is the maximum amount for which a General Manager can sanction a refund without prior approval?
What is the maximum amount for which a General Manager can sanction a refund without prior approval?
Signup and view all the answers
Who should the General Managers consult before delegating their powers?
Who should the General Managers consult before delegating their powers?
Signup and view all the answers
Which of the following describes the conditions under which the General Managers can delegate powers?
Which of the following describes the conditions under which the General Managers can delegate powers?
Signup and view all the answers
In the presence of a disagreement between the General Manager and the Financial Adviser, what should occur next?
In the presence of a disagreement between the General Manager and the Financial Adviser, what should occur next?
Signup and view all the answers
What must be observed when exercising the powers delegated by General Managers?
What must be observed when exercising the powers delegated by General Managers?
Signup and view all the answers
Which document outlines the powers of General Managers in financial matters?
Which document outlines the powers of General Managers in financial matters?
Signup and view all the answers
Which letter revised the powers of General Managers regarding financial matters?
Which letter revised the powers of General Managers regarding financial matters?
Signup and view all the answers
How can General Managers ensure their expenditure decisions are compliant with financial regulations?
How can General Managers ensure their expenditure decisions are compliant with financial regulations?
Signup and view all the answers
What is necessary for the General Managers to handle expenditures that exceed certain limits?
What is necessary for the General Managers to handle expenditures that exceed certain limits?
Signup and view all the answers
What is one of the key powers of General Managers regarding expenditure?
What is one of the key powers of General Managers regarding expenditure?
Signup and view all the answers
Under what condition can payment to a contractor exceed Rs. 50,000 as a result of an arbitrator's award?
Under what condition can payment to a contractor exceed Rs. 50,000 as a result of an arbitrator's award?
Signup and view all the answers
What is the maximum value of irrecoverable losses that a Railway employee can be responsible for before needing authorization from the Railway Board?
What is the maximum value of irrecoverable losses that a Railway employee can be responsible for before needing authorization from the Railway Board?
Signup and view all the answers
Which losses can be written off by the General Manager without reporting to the Railway Board?
Which losses can be written off by the General Manager without reporting to the Railway Board?
Signup and view all the answers
What is the threshold for writing off irrecoverable losses when no Railway employee is responsible?
What is the threshold for writing off irrecoverable losses when no Railway employee is responsible?
Signup and view all the answers
Which authority level is allowed to re-delegate powers under the specified items?
Which authority level is allowed to re-delegate powers under the specified items?
Signup and view all the answers
Important cases of loss must be reported to the Railway Board when the loss involved exceeds what amount?
Important cases of loss must be reported to the Railway Board when the loss involved exceeds what amount?
Signup and view all the answers
Which provision allows the General Manager to write off losses?
Which provision allows the General Manager to write off losses?
Signup and view all the answers
What is the role of the General Managers regarding quoting station to station rates?
What is the role of the General Managers regarding quoting station to station rates?
Signup and view all the answers
Which of the following is NOT a condition for writing off losses due to responsible Railway employees?
Which of the following is NOT a condition for writing off losses due to responsible Railway employees?
Signup and view all the answers
For losses not exceeding what amount is there no need to report unless unusual features are present?
For losses not exceeding what amount is there no need to report unless unusual features are present?
Signup and view all the answers
In which scenario does the General Manager have full power to authorize the payment to surveyors engaged for the assessment of the value of damaged consignments?
In which scenario does the General Manager have full power to authorize the payment to surveyors engaged for the assessment of the value of damaged consignments?
Signup and view all the answers
Which of the following is NOT a condition that requires the General Manager to seek higher authority approval for a payment?
Which of the following is NOT a condition that requires the General Manager to seek higher authority approval for a payment?
Signup and view all the answers
Which of the following expenses requires the approval of the Railway Board?
Which of the following expenses requires the approval of the Railway Board?
Signup and view all the answers
Which category of claims are subject to the power of the General Manager, provided they do not exceed the stipulated amounts?
Which category of claims are subject to the power of the General Manager, provided they do not exceed the stipulated amounts?
Signup and view all the answers
What is the maximum amount that can be paid by the General Manager for a claim settled out of court involving a military personnel without requiring approval from the Railway Board?
What is the maximum amount that can be paid by the General Manager for a claim settled out of court involving a military personnel without requiring approval from the Railway Board?
Signup and view all the answers
What is the maximum amount the General Manager can pay for a claim settled out of court, if it involves an ordinary passenger, without requiring approval from the Railway Board?
What is the maximum amount the General Manager can pay for a claim settled out of court, if it involves an ordinary passenger, without requiring approval from the Railway Board?
Signup and view all the answers
For which type of claims does the Railway Board need to be informed about the circumstances leading to their settlement?
For which type of claims does the Railway Board need to be informed about the circumstances leading to their settlement?
Signup and view all the answers
Which of the following actions requires the General Manager to seek approval from higher authority?
Which of the following actions requires the General Manager to seek approval from higher authority?
Signup and view all the answers
What is the maximum amount the General Manager can pay to a private individual for arbitration fees before requiring approval from the Railway Board?
What is the maximum amount the General Manager can pay to a private individual for arbitration fees before requiring approval from the Railway Board?
Signup and view all the answers
What is the maximum amount the General Manager can pay for a contribution to a medical institution providing medical aid to Railway employees, without requiring approval from higher authorities?
What is the maximum amount the General Manager can pay for a contribution to a medical institution providing medical aid to Railway employees, without requiring approval from higher authorities?
Signup and view all the answers
What is the maximum amount that can be paid for arbitration fees to private individuals without requiring higher authority approval?
What is the maximum amount that can be paid for arbitration fees to private individuals without requiring higher authority approval?
Signup and view all the answers
Which circumstances exempt certain charges from the higher authority's sanctioning power?
Which circumstances exempt certain charges from the higher authority's sanctioning power?
Signup and view all the answers
What is the daily fee limit for engaging counsel in the Supreme Court without requiring higher authority approval?
What is the daily fee limit for engaging counsel in the Supreme Court without requiring higher authority approval?
Signup and view all the answers
What is the threshold amount for contributions to a professional institution without requiring higher authority approval?
What is the threshold amount for contributions to a professional institution without requiring higher authority approval?
Signup and view all the answers
What is the maximum compensation amount for ordinary passengers involved in railway accidents according to established rules?
What is the maximum compensation amount for ordinary passengers involved in railway accidents according to established rules?
Signup and view all the answers
In which scenario can a Railway employee's irrecoverable loss be written off without higher authority approval?
In which scenario can a Railway employee's irrecoverable loss be written off without higher authority approval?
Signup and view all the answers
Which of the following actions requires the General Manager to seek higher authority approval?
Which of the following actions requires the General Manager to seek higher authority approval?
Signup and view all the answers
What is the maximum amount that can be paid for a claim settled out of court involving ordinary passengers without requiring approval from the Railway Board?
What is the maximum amount that can be paid for a claim settled out of court involving ordinary passengers without requiring approval from the Railway Board?
Signup and view all the answers
What is the prescribed daily rate limit for engaging counsel in other High Courts without requiring higher authority approval?
What is the prescribed daily rate limit for engaging counsel in other High Courts without requiring higher authority approval?
Signup and view all the answers
What is the threshold amount for claims settled out of court related to railway accidents?
What is the threshold amount for claims settled out of court related to railway accidents?
Signup and view all the answers
Which scenario requires that the details of a claim be reported to the Railway Board?
Which scenario requires that the details of a claim be reported to the Railway Board?
Signup and view all the answers
For which of the following types of claims does the Law Officer need to provide advice before settlement?
For which of the following types of claims does the Law Officer need to provide advice before settlement?
Signup and view all the answers
What is the maximum compensation amount that may be authorized for claims due to negligence or carelessness on the part of the Railway?
What is the maximum compensation amount that may be authorized for claims due to negligence or carelessness on the part of the Railway?
Signup and view all the answers
What must the General Manager do if handling a claim that exceeds Rs. 50,000 related to an arbitration award?
What must the General Manager do if handling a claim that exceeds Rs. 50,000 related to an arbitration award?
Signup and view all the answers
What is required for the General Manager to authorize expenditure beyond the established limit for refunds?
What is required for the General Manager to authorize expenditure beyond the established limit for refunds?
Signup and view all the answers
Which of the following is NOT a responsibility of the General Managers regarding claims?
Which of the following is NOT a responsibility of the General Managers regarding claims?
Signup and view all the answers
If a claim involves military duty, what is the maximum amount that can be authorized without going through higher authority?
If a claim involves military duty, what is the maximum amount that can be authorized without going through higher authority?
Signup and view all the answers
Under what condition is a contractor's payment allowed to exceed Rs. 50,000 due to an arbitrator's award?
Under what condition is a contractor's payment allowed to exceed Rs. 50,000 due to an arbitrator's award?
Signup and view all the answers
Which circumstance necessitates that the General Manager refer a matter to the Railway Board?
Which circumstance necessitates that the General Manager refer a matter to the Railway Board?
Signup and view all the answers
Under what condition may the General Manager not sanction expenditure without prior approval?
Under what condition may the General Manager not sanction expenditure without prior approval?
Signup and view all the answers
What must be considered when General Managers exercise their delegated powers?
What must be considered when General Managers exercise their delegated powers?
Signup and view all the answers
What maximum value of irrecoverable losses can be written off by the General Manager without the Railway Board's notification, when a Railway employee is responsible for the loss?
What maximum value of irrecoverable losses can be written off by the General Manager without the Railway Board's notification, when a Railway employee is responsible for the loss?
Signup and view all the answers
For which type of loss does the General Manager not require notification to the Railway Board unless it shows unusual features?
For which type of loss does the General Manager not require notification to the Railway Board unless it shows unusual features?
Signup and view all the answers
Which type of claims can be settled with full powers by the authority without the involvement of the Railway Board?
Which type of claims can be settled with full powers by the authority without the involvement of the Railway Board?
Signup and view all the answers
What limitation is placed on the powers of the General Managers regarding negotiations and contracts?
What limitation is placed on the powers of the General Managers regarding negotiations and contracts?
Signup and view all the answers
What is the minimum value of irrecoverable losses that can be written off by the General Manager if no employee is responsible for the loss?
What is the minimum value of irrecoverable losses that can be written off by the General Manager if no employee is responsible for the loss?
Signup and view all the answers
What is the required action if a General Manager needs to authorize a payment due to damages caused by negligence above a certain threshold?
What is the required action if a General Manager needs to authorize a payment due to damages caused by negligence above a certain threshold?
Signup and view all the answers
What requirement exists for the General Managers when delegating powers to subordinates?
What requirement exists for the General Managers when delegating powers to subordinates?
Signup and view all the answers
Which statement is true regarding the powers under item (vii) concerning irrecoverable losses?
Which statement is true regarding the powers under item (vii) concerning irrecoverable losses?
Signup and view all the answers
What must the General Manager ensure when exercising delegated powers?
What must the General Manager ensure when exercising delegated powers?
Signup and view all the answers
Which aspect of financial management cannot be bypassed by the General Managers?
Which aspect of financial management cannot be bypassed by the General Managers?
Signup and view all the answers
For which scenario must the General Manager consult the Railway Board for higher authority approval?
For which scenario must the General Manager consult the Railway Board for higher authority approval?
Signup and view all the answers
What powers are outlined for the General Managers concerning station-to-station rates?
What powers are outlined for the General Managers concerning station-to-station rates?
Signup and view all the answers
What is the rationale for the Railway Board's involvement in the General Manager's decisions?
What is the rationale for the Railway Board's involvement in the General Manager's decisions?
Signup and view all the answers
What must the General Manager do if they encounter a difference in opinion with the Financial Adviser?
What must the General Manager do if they encounter a difference in opinion with the Financial Adviser?
Signup and view all the answers
What does an important case of loss reported to the Railway Board typically involve?
What does an important case of loss reported to the Railway Board typically involve?
Signup and view all the answers
What is the correct limit for writing off inefficient balances under Suspense Heads without needing further approvals?
What is the correct limit for writing off inefficient balances under Suspense Heads without needing further approvals?
Signup and view all the answers
Which of the following powers is explicitly permitted to the General Managers under the provisions outlined?
Which of the following powers is explicitly permitted to the General Managers under the provisions outlined?
Signup and view all the answers
What is the maximum amount that can be refunded for fare and freight without prior approval from a higher authority?
What is the maximum amount that can be refunded for fare and freight without prior approval from a higher authority?
Signup and view all the answers
Who must General Managers consult with before delegating their powers to subordinate authorities?
Who must General Managers consult with before delegating their powers to subordinate authorities?
Signup and view all the answers
In the event of a disagreement between the General Manager and the Financial Adviser and Chief Accounts Officer, what should occur next?
In the event of a disagreement between the General Manager and the Financial Adviser and Chief Accounts Officer, what should occur next?
Signup and view all the answers
What document outlines General Managers' powers in financial matters?
What document outlines General Managers' powers in financial matters?
Signup and view all the answers
What is the key power of General Managers concerning expenditure?
What is the key power of General Managers concerning expenditure?
Signup and view all the answers
What is the primary purpose of the rules outlined in the document regarding the powers of General Managers in commercial matters?
What is the primary purpose of the rules outlined in the document regarding the powers of General Managers in commercial matters?
Signup and view all the answers
Which of the following is a key requirement for exercising the powers delegated by the General Managers to subordinate authorities?
Which of the following is a key requirement for exercising the powers delegated by the General Managers to subordinate authorities?
Signup and view all the answers
Who has the authority to revise the powers of General Managers in financial matters?
Who has the authority to revise the powers of General Managers in financial matters?
Signup and view all the answers
What is the maximum amount that can be paid for a claim settled out of court, if it involves a military personnel, without requiring approval from the Railway Board?
What is the maximum amount that can be paid for a claim settled out of court, if it involves a military personnel, without requiring approval from the Railway Board?
Signup and view all the answers
What is the maximum amount of irrecoverable losses that can be written off by the General Manager without reporting to the Railway Board if a Railway employee is NOT responsible for the loss?
What is the maximum amount of irrecoverable losses that can be written off by the General Manager without reporting to the Railway Board if a Railway employee is NOT responsible for the loss?
Signup and view all the answers
In which scenario does the General Manager need to report to the Railway Board about losses?
In which scenario does the General Manager need to report to the Railway Board about losses?
Signup and view all the answers
What is the maximum amount that a General Manager can pay for a claim settled out of court involving a military personnel without requiring approval from the Railway Board?
What is the maximum amount that a General Manager can pay for a claim settled out of court involving a military personnel without requiring approval from the Railway Board?
Signup and view all the answers
What is the maximum value of irrecoverable losses that the General Manager can write off without reporting to the Railway Board when no Railway employee is responsible for the loss?
What is the maximum value of irrecoverable losses that the General Manager can write off without reporting to the Railway Board when no Railway employee is responsible for the loss?
Signup and view all the answers
What is the maximum amount that the General manager can pay for a claim settled out of court involving an ordinary passenger, without requiring approval from the Railway Board?
What is the maximum amount that the General manager can pay for a claim settled out of court involving an ordinary passenger, without requiring approval from the Railway Board?
Signup and view all the answers
What is the maximum amount the General Manager can authorize for a claim settled out of court, according to item vi(a)?
What is the maximum amount the General Manager can authorize for a claim settled out of court, according to item vi(a)?
Signup and view all the answers
Which type of claim requires the General Manager to report details to the Railway Board for expenditure exceeding Rs. 25,000?
Which type of claim requires the General Manager to report details to the Railway Board for expenditure exceeding Rs. 25,000?
Signup and view all the answers
In what scenario does the General Manager have full power to authorize payment to surveyors engaged for assessing damaged consignments?
In what scenario does the General Manager have full power to authorize payment to surveyors engaged for assessing damaged consignments?
Signup and view all the answers
Which of the following requires the General Manager to seek higher authority approval?
Which of the following requires the General Manager to seek higher authority approval?
Signup and view all the answers
In which case can the General Manager write off an irrecoverable loss without reporting to the Railway Board?
In which case can the General Manager write off an irrecoverable loss without reporting to the Railway Board?
Signup and view all the answers
Which of the following requires the General Manager to seek approval from higher authority?
Which of the following requires the General Manager to seek approval from higher authority?
Signup and view all the answers
When can the General Manager write off amounts due to the Railways without higher authority approval?
When can the General Manager write off amounts due to the Railways without higher authority approval?
Signup and view all the answers
What is the maximum amount the General Manager can pay for a claim settled out of court involving an ordinary passenger without requiring approval from the Railway Board?
What is the maximum amount the General Manager can pay for a claim settled out of court involving an ordinary passenger without requiring approval from the Railway Board?
Signup and view all the answers
What are the circumstances under which wharfage, demurrage, storage, and lost property charges can be written off or refunded by the Railway Administration without the sanction of higher authority?
What are the circumstances under which wharfage, demurrage, storage, and lost property charges can be written off or refunded by the Railway Administration without the sanction of higher authority?
Signup and view all the answers
What is the maximum amount that can be paid for a claim decreed by a court of law, without requiring higher authority approval?
What is the maximum amount that can be paid for a claim decreed by a court of law, without requiring higher authority approval?
Signup and view all the answers
Study Notes
Powers of General Managers in Commercial Matters
- General Managers' powers are detailed in Appendix 11 of the Indian Railway Financial Code, Volume I. These powers have been revised over time.
- General Managers cannot sanction certain expenditures or handle specific matters without prior approval from a higher authority.
- Rules permit delegated powers to subordinate authorities, subject to Financial Advisor and Chief Accounts Officer consultation. Delegations must also comply with existing regulations issued by the Railway Board.
- Delegated powers are constrained by existing rules and regulations and Railway Board directives on expenditure, economy and other matters.
- Railway Board can impose restrictions regarding expenditure, economy, and other matters.
- Refunds or write-offs of amounts exceeding specific thresholds require higher authority approval.
- Refunds or write-offs of fares/freight (over ₹20,000 each case).
- Write-offs of amounts due to Railways (over ₹10,000 each case).
- Wharfage, demurrage, storage, and lost property charges can be handled without higher authority approval.
- Legal proceedings (Supreme Court appeals, counsel engagement exceeding specific rates—₹1,050/day in Supreme Court or High Courts, ₹750/day elsewhere; engagement of counsel exceeding prescribed scales) and arbitration fees requiring higher authority approval, including those exceeding ₹5,000.
- Compensation payments in cases of railway accidents have certain limits for different categories of passengers (ordinary passengers, military personnel, general public), and are subject to specific laws and guidelines.
- Payment for assessments of damaged consignments is within the General Manager's authority.
- General Managers can write off certain debts below specific thresholds (under ₹10,000).
- Important loss cases, and loss cases concerning employee's liability (exceeding ₹50,000), should be reported to the Railway Board, as well as cases with unusual features or serious procedural defects.
- Inefficient balances under suspense accounts not exceeding ₹1 lakh can be written off by the General Manager.
- General Managers have authority for quoting station-to-station rates as contained in Chapter II of the Code.
- In certain cases involving compensation for railway accidents, the General Manager has full powers for payments up to specific thresholds.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Explore the various powers of General Managers in commercial matters within the Indian Railways as outlined in Appendix 11 of the Indian Railway Financial Code, Volume I. Understand the limitations imposed on these powers, including the need for higher authority approval for certain expenditures and the process of delegation. This quiz will test your knowledge of the regulations governing General Managers' roles.