Piyush Goyal is new Railways minister, replaces Suresh Prabhu

Piyush Goyal is new Railways minister, replaces Suresh Prabhu

NEW DELHI: Power minister Piyush Goyal, newly elevated to cabinet rank, was on Sunday given charge of the railway ministry.
Goyal replaces Suresh Prabhu who had offered to resign after a spate of train accidents in the last month.
Analysts said the BJP leadership felt Goyal has done a competent job in implementing reforms in the power and coal sectors.

Piyush Goyal gets Cabinet Rank, New Responsibilities Await Him

Goyal’s elevation is no surprise as he has been considered for long amongst the top achievers in the Modi Cabinet. Goyal at 52 is one of the youngest ministers in the Modi government and was made the minister of state for the first time in 2014. Today in 2017, within three years, Goyal has become the full-fledged Cabinet minister in Modi’s council of ministers.

Piyush Goyal gets Cabinet Rank, New Responsibilities Await Him

Rewarded for his hard work, Piyush Goyal, holding charge of four important ministries (Power, Coal, Renewable Energy and Mines) as the minister of state with Independent Charge, has been elevated to the rank of a full-fledged cabinet minister in the reshuffle by Narendra Modi government on Sunday morning.

Cabinet Reshuffle: Dharmendra Pradhan, Minister Who Convinced People To ‘Give It Up’, Gets Promoted

Dharmendra Pradhan performed well in a scheme close to PM Modi – Pradhan Mantri Ujjwala Yojana – through which LPG connections have been provided to 2.5 crore people.

Cabinet Reshuffle: Dharmendra Pradhan, Minister Who Convinced People To ‘Give It Up’, Gets Promoted

Like another Minister of State who has been elevated to Cabinet rank Piyush Goyal, Pradhan’s political career has also risen steeply in the BJP. He is perceived to have worked well with the twin responsibilities of an MoS and a party worker.

Government Seek To Sell Upto 10% Stake in NTPC Ltd via OFS

NTPC is the fourth-largest public sector undertaking (PSU) in terms of market capitalisation, after Oil and Natural Gas Corporation, State Bank of India, and Coal India. The market capitalisation of the company is nearly Rs 1.43 lakh crore.

Government Seek To Sell Upto 10% Stake in NTPC Ltd via OFS

In a move that could fetch the government anywhere from Rs 7,000 Crore going upto Rs 14,000 crore, the government said it will sell a 5% stake in NTPC Ltd through a two day offer for sale (OFS) beginning Tuesday and with a greenshoe option to sell another 5% in case of over subscription.