National Institute of Financial Management, Faridabad, to be renamed as Arun Jaitley National Institute of Financial Management

National Institute of Financial Management, Faridabad, to be renamed as Arun Jaitley National Institute of Financial Management

• The Government of India has decided to rename National Institute of Financial Management (NIFM), Faridabad as Arun Jaitley National Institute of Financial Management (AJNIFM).
• The decision has been taken to pay tribute to former Union Finance Minister and Padma Vibhushan awardee late Shri Arun Jaitley.
• The Union Finance Minister is the President of the NIFM Society.
• NIFM, Faridabad, was set up in 1993 as a registered society under Department of Expenditure, Ministry of Finance, Government of India.
• The institute aims to train officers of various Finance and Accounts Services recruited by the Union Public Service Commission (UPSC) through the Civil Services Examination as also officers of Indian Cost Accounts Service (ICoAS).