Indian Railways sets up Institute of Financial Management in Hyderabad
The Indian Railway Institute of Financial Management (IRIFM) has been set up in Hyderabad, Telangana. This new entity is set up to impart professional training in management of railway finances. The project was conceived and constructed by Rail Vikas Nigam Limited (RVNL) at a cost of Rs 85 crore.
About Indian Railways Institute of Financial Management
IRIFM institution is based on a 14-acre campus at Moula-Ali, Secunderabad. The institute has 10 different functional blocks including academic block, hostel blocks, sports block, library and mess, can handle around 150 trainees at a time. Institute has green building which is capable of generating 90% of its own power needs with solar installations in the campus besides recycling 100% of the water consumed.
IIRFM marks an important addition to the list of premier professional institutions in country in the field of financial management in Indian Railways.
The ensuing batch of probationers belonging to Indian Railway Accounts Service (IRAS) will be trained here. IRIFM can handle about 150 trainees at a time. The world-class ambiance of IRIFM provides the right environment for training.
It is important that Finance and Accounts Officers of Indian Railways who are known for their acumen to continuously update their knowledge and skills to tap opportunities and strengthen the finances of the organisation.
Category: Economy & Banking Current Affairs - 2022
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