Indian Railways to set up institute for accounting training

The railways is going to set up its own training institute to impart training and improve finance and accounting skills among its officials.

It 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 to depute middle-level finance officers abroad for training.

Announcing the decision on the occasion of 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.