New Delhi, Feb 11: Aligning aspiration of the Institute for the future with the vision and contribution of late Arun Jaitley, the Government has decided to rename National Institute of Financial Management (NIFM) as the Arun Jaitley National Institute of Financial Management (AJNIFM). Late Arun Jaitley, former Union Finance Minister and Padma Vibhushan awardee, had played a stellar role during his illustrious career as the Union Minister for Finance and Corporate Affairs during the period May 26, 2014 to May 30, 2019.
He over saw a number of path-breaking initiatives, including introduction of Goods and Services Tax which brought the country under one tax regime, merger of Railway Budget with General Budget, introduction of the Insolvency and Bankruptcy Code among others, according to an official statement on Tuesday.
NIFM, Faridabad, was set up in 1993 as a registered society under Department of Expenditure, Ministry of Finance, Government of India, with the mandate 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.(UNI)