The Government of India has decided to rename 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 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.
Late former Union Finance Minister and Padma Vibhushan awardee, Arun Jaitley had played a stellar role during his illustrious career as the Union Minister for Finance and Corporate Affairs during the period 26th May 2014 to 30th May 2019. He oversaw the introduction of the path-breaking Goods and Services Tax which brought the country under one tax regime. Under his stewardship the merger of Railway budget with general budget was effected. He also ensured the introduction of the Insolvency and Bankruptcy Code.
Aligning the vision and aspiration of the Institute for the future with the vision and contribution of Arun Jaitley, the Government has decided to rename National Institute of Financial Management (NIFM) as the Arun Jaitley National Institute of Financial Management.