The new IRAS Logo assimilates the past, present and future to demonstrate the future ready IRAS which upholds the principles of “Propriety, Proficiency and Productivity”.
The logo has been carefully designed to demonstrate the nature of the service and contemporary times.
Adorned with the National Emblem, the logo symbolizes service to the Government of India. The Railway bogie resting on the track symbolizes that IRAS is dedicated to serving the Indian Railways, the three wheels represents evolution and motion, and upholding the motto of “Propriety, Proficiency and Productivity”. The book and the computer monitor symbolizes that IRAS is the fusion of both old and new methods of analysis, its ability to continuously evolve and embrace innovations, bridging the traditional methods of accounting and book-keeping with latest technology such as data analysis, AI etc. to propel IR to an upward growth trajectory.
Finally the 25 pairs of leaves on the logo represents the 17 Zonal Railways and 8 Production units which comprise India Railways. They also symbolizes wisdom, prosperity, motion and continuity.
The logo is a demonstration of the “FUTURE READY IRAS”.
Conceptualised and designed by Shri. Puneet Meena, Shri. Ajay Bartwal and Shri. Rajat Agarwal
Wednesday, April 24, 2024
Accounting Reforms in Indian Railways
The Budget announcement of 2015-16 on fast tracking Accounting Reforms in IR by our Hon'ble Minister for Railways has given a tremendous boost and enthusiasm to all of us in the Railways. Broadly, the three reforms identified by him are in the areas of Accrual Accounting, Performance Costing and Outcome Budgeting. Further, this year’s budget spoke of right accounting that would determine right costing and hence right pricing and right outcomes.
Under the Accounting Reforms Project, IR has already embarked upon a Pilot study on introduction of Accrual Accounting in North Western Railway, Jaipur. Continuing the momentum, a Pilot study on introduction of accrual accounting at a Production Unit at Rail Coach Factory, Kapurthala was inaugurated by the Hon'ble Minister on 15th March, 2016.
The system of Accrual Accounting is purported to improve the quality of reporting of the financials of the Production Unit by ensuring compliance with the ‘Generally Accepted Accounting Principles’ (GAAP) and accounting pronouncements made by the ‘Government Accounting Standards Advisory Board’ (GASAB).
The upgraded Costing System will ensure online availability of costing data in key performance areas and enable Cost-Centre wise Performance Costing.
Click here to view Address by Hon’ble MR on Accounting Reforms in IR
Click here to view presentation on Accounting Reforms in IR
Under the Accounting Reforms Project, IR has already embarked upon a Pilot study on introduction of Accrual Accounting in North Western Railway, Jaipur. Continuing the momentum, a Pilot study on introduction of accrual accounting at a Production Unit at Rail Coach Factory, Kapurthala was inaugurated by the Hon'ble Minister on 15th March, 2016.
The system of Accrual Accounting is purported to improve the quality of reporting of the financials of the Production Unit by ensuring compliance with the ‘Generally Accepted Accounting Principles’ (GAAP) and accounting pronouncements made by the ‘Government Accounting Standards Advisory Board’ (GASAB).
The upgraded Costing System will ensure online availability of costing data in key performance areas and enable Cost-Centre wise Performance Costing.
Click here to view Address by Hon’ble MR on Accounting Reforms in IR
Click here to view presentation on Accounting Reforms in IR
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