CURRENT AFFAIRS

Detailed explanation-1: -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.

Detailed explanation-2: -About Us. The Indian Railway Institute of Financial Management at Secunderabad, a centralized training institute of the Ministry of Railways, was commissioned in December 2019 for training of Indian Railway Accounts Service officers.

Detailed explanation-3: -Located in the city of Pune, IRICEN imparts training to up to 100 engineers/ managers at a time. Engineers from railways of the developing countries as well as other government departments/private organisations are also trained. The training programmes are generally residential in nature.

Detailed explanation-4: -Indian Railway Finance Corporation (IRFC) is the dedicated funding arm of Indian Railways. The company was set up in December 1986 for mobilizing funds from domestic and overseas markets to meet the pre-dominant portion of Extra Budgetary Resources requirement of Indian Railways.

Detailed explanation-5: -Indian Railways Institute of Transport Management (IRITM), Lucknow was set up in the year 2003 to train Probationary officers joining the Indian Railway Traffic Service.