Today's Cancelled Trains
Indian Railways HRMS will lead to Employee Productivity and Administration Efficiency
Reforms in HR Management
Management System (HRMS) :- In 2020, the HRMS has been put into application and is being used extensively by Railway employees. As HRMS aims to bring all HR activities on a digital platform, it is a game changer in HR Management of Indian Railways and will lead to employee productivity and administrative efficiency simultaneously. In 2020, we have launched various modules of HRMS such as e-Pass, Office Order modules, Employee self-service, Executive record sheet for Officers, PF & Settlement, besides Employee Master and e-SR which were launched during late 2019.
Financial Reforms
a.IRFC and MOR have executed a facility agreement with Asian Development Bank (ADB) for loan facility denominated in INR equivalent to USD 750 Million (about Rs.5,267 crore) for Railway electrification projects.
b.IRFC constantly diversifies its borrowing portfolio to arrange funds for Indian Railways, at the most competitive rates and terms. IRFC upgraded its Euro Medium Term Note (EMTN) programme to Global Medium-Term Note (GMTN) Programme which facilitated its maiden issuance of bonds under 144A / Reg S route. The bonds under the GMTN Programme were issued in two tranches of USD 700 Million and USD 300 Million with tenor of 10 years and 30 years carrying coupon of 3.249% (Benchmark US Treasury plus 160 bps) and 3.95% (Benchmark US Treasury plus 184 bps) respectively. The coupon obtained by IRFC is the lowest amongst the issuances, during 2020. Besides, the 30-year issuance is the maiden issue by an Indian CPSE.
c. A Miscellaneous E-Receipts System (MERS) portal has been developed by CRIS to facilitate digital payments of inward receipts to Railways. The scheme has been rolled out on all Indian Railways and the operational guidelines have been issued in June,2020 . The portal is fully integrated with Land Assets Management System (LAMS) of the Engineering Department. This has enabled Railways to receive lease charges, way leave charges on a digital platform. Functionalities have also been developed in MERS to accept online payments from Railway customers for ‘Special COVID -19 Parcel Trains’ after approval from Commercial Authorities. This would be line with Government initiative of encouraging digital payments and would introduce faster and transparent accounting of receipts.
d.Implementation of E-PPO scheme: In order to curtail delays in physical transmission of Pension Payment Orders to the pension disbursing banks, a scheme of e-PPO has been put in place wherein the PPOs are being forwarded to the banks system through SFTP mode which obviates the delays in physical transit of the PPOs. A new version (revised methodology of digital signing) of E-PPO has been implemented on IPAS. As per new version of e-PPO, CRIS will push encrypted E-PPO File (Zipped) in respective Centralised Pension Processing Centres (CPPC) folders of the Bank's server. Banks can act upon these E-PPOs without waiting for physical copies. This system ensures commencement of pension from next month of retirement.
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