Railways sets up Institute for 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 the management of railway finances. The project was conceived and constructed by Rail Vikas Nigam Limited (RVNL) at a cost of Rs 85 crore. IIRFM marks an important addition to the list of premier professional institutions in the country in the field of financial management in Indian Railways. The ensuing batch of probationers belonging to Indian Railway Accounts Service (IRAS) will have the opportunity to get trained.

Static/Current Takeaways Important For IBPS SO 2019:

  • Railway Minister: Piyush Goyal.
  • John Mathai was the first Railways Minister of Independent India.

Source: The Hindu

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