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Railway Departmental Exam for Accounts
रेलवे के लेखा विभाग के विभिन्न परीक्षाओं 2A,3A,LDCE आदि के लिए उपयोगी।https://youtube.com/@studyrailwayaccount?si=kRvsyKWZsj4KiWD4
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Railway Departmental Exam for Accounts

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*Performance Guarantee in works contract:*

1. within 21 (Twenty one) days from the date of issue of Letter of Acceptance (LOA)

2. PG *beyond 21 (Twenty one) days and upto 60 days* -a penal interest of *12% per annum*

3. after 60 days from the date of issue of LOA-the contract is liable to be terminated

*Performance Guarantee in service contract:*

1. within 30 (Thirty) days from the date of issue of Letter of Acceptance (LOA)

2. PG *beyond 31 (Thirty one) days and up to 90 days* -a penal interest of *15% per annum* but a notice to be served after 60 days

3. after 90 days from the date of issue of LOA- the contract is liable to be terminated
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1. First Budgetary Review - RE / BE - Revised Estimates for the Current Year and Budget Estimates for Next Year - Due September month

2. Second & the last Budgetary Review - FME - Final Modification Estimates - Due January / February

Note: ARE - August Review Estimates - dispensed from 2017-18 onwards.

Coincidence is the Railway Budget is merged with the General Budget during 2017-18 due to recommendations of NITI Aayog.

NITI stands for National Institution for Transforming India.

NITI Aayog headed by Prime Minister is the highest policy making body in India
Railway Departmental Exam for Accounts

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