Proposal for Setting up IRIFM

A proposal to set up Indian Railway Institute of Financial Management (IRIFM) has been included in the Railway Budget 2013-14 at a cost of Rs. 19.26 crore at Secunderabad. The aims and objectives of setting up this Centralized Training Institute include imparting necessary structured and professional training to the officers of Indian Railways responsible for professional management of finances and accounts to enable them to face the emerging challenges and tap opportunities for strengthening the finances of Indian Railways.

The construction work would be taken up in 2013-14 after the Railway Budget 2013-14 is passed in the Parliament and the Institute is expected to start operation in 2014-15.

This information was given by the Minister of State for Railways Shri Kotla Jaya Surya Prakash Reddy in written reply to a question in Rajya Sabha today.

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Railways’ institute to impart accounting training

Railways is going to set up its own training institute for imparting training and improving finance and accounting skills among its officials.

Railways will set up an Indian Railway Institute of Financial Management (IRIFM) at Secunderabad to train its officials in accounting and finance.

The state-run transporter will also start a specialized programme for deputing middle-level finance officers abroad for training in accounts and finance.

Announcing the decision on the occasion of the Indian Railway Account Services (IRAS) day, Vijaya Kanth, financial commissioner of railways, asked IRAS officers to examine their role in public service that is meant to be efficient and effective with integrity.

She exhorted the officers to improve their skills which should keep pace with developments outside the finance world.

http://timesofindia.indiatimes.com/india/Railways-institute-to-impart-accounting-training/articleshow/17394845.cms