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Important Facts For Prelims

Indian Railways Institute of Financial Management

  • 25 Nov 2019
  • 1 min read

The Railway Board Chairman has inaugurated the Indian Railways Institute of Financial Management (IRIFM) at Moula Ali in Hyderabad.

  • The Institute will impart structured and professional training to finance and accounts officers of the railways.
  • Built by the Rail Vikas Nigam Limited (RVNL), IRIFM would be meeting 90% of its electricity needs through solar power, is covered with rainwater harvesting structures and has a 100% wastewater treatment plant.
  • RVNL has also been tasked for building India's first railways university - National Rail and Transportation Institute, at Vadodara (Gujarat).

Rail Vikas Nigam Limited

  • RVNL functions as an extended arm of the Ministry of Railways (MoR) working for & on behalf of MoR.
  • It has been granted Mini Ratna-I status in 2013.

Source: TH

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