Question

Which of the following Institutes of Haryana has been renamed after former Finance Minister of India Arun Jaitley?
1. National Institute of Design, Ahmedabad
2. National Institute of Finance Management (NIFM), Faridabad
3. National Institute for Education and Vocational Traning, Karnal
4. None of the above

Answer 1

Correct Answer - Option 2 : National Institute of Finance Management (NIFM), Faridabad

The correct answer is the National Institute of Finance Management (NIFM), Faridabad.

• The Government of India (GoI)  renamed the National Institute of Financial Management (NIFM), Faridabad as Arun Jaitley National Institute of Financial Management (AJNIFM).
  • NIFM, Faridabad was set up in 1993 as a registered society under the Department of Expenditure, Ministry of Finance.
  • Its mandate is 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).
  • The Union Finance Minister is the President of the NIFM Society.
  • NIFM also caters to the State Governments, Defence establishments, Banks, other Financial Institutions, and PSUs.
  • It has ventured beyond training into the field of management education and runs certain AICTE approved programs leading to Post Graduate Diplomas in Management, in various areas of Financial Management.