India’s railway administration is undergoing an innovative leap with the inauguration of the Indian Railways Institute of Financial Management (IRIFM) by the Railway Board Chairman. Housed at Moula Ali in Hyderabad, the institute is a testament to sustainable practices with a formidable array of eco-friendly measures. The institute aims to provide structured and professional training to finance and accounts officers of the railways, enhancing their knowledge and skills.
Introduction of IRIFM
The introduction of the Indian Railways Institute of Financial Management signifies a new era in the administrative sector of the Indian railways. As part of this initiative, finance and accounts officers will receive professionally tailored training designed to upgrade their expertise. This strategic move is expected to contribute to improving service delivery and efficiency within the sector.
Built By Rail Vikas Nigam Limited (RVNL)
Rail Vikas Nigam Limited (RVNL), a Mini Ratna-I status company granted in 2013, is the driving force behind this landmark project. Functioning as an extended arm of the Ministry of Railways (MoR), RVNL operates for and on behalf of MoR. Its vital role in the construction of the IRIFM showcases its commitment towards the advancement and modernization of India’s railway industry.
Green Energy and Sustainability
One of the standout features of the IRIFM is its commitment to sustainability. Designed to meet 90% of its electricity requirements through solar power, it serves as an epitome of renewable energy resources application. Further enhancing its eco-friendly footprint, the building also includes rainwater harvesting structures and a 100% waste water treatment plant.
| Fact | Details |
|---|---|
| Rail Vikas Nigam Limited Status | Mini Ratna-I status granted in 2013 |
| Electricity Source at IRIFM | 90% of electricity needs met through solar power |
| Water Management at IRIFM | Rainwater harvesting and 100% waste water treatment plant |
National Rail and Transportation Institute at Vadodara
This move comes as part of a broader strategy by RVNL, including the construction of India’s first railways university – National Rail and Transportation Institute, at Vadodara (Gujarat). This broad-reaching initiative further highlights the commitment of RVNL to improving the skills and knowledge of its workforce to ensure the continued growth and development of India’s railway industry.
Last Modified: February 6, 2024