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.
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.
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.
Jeff Immelt, 61, who had served as the Chairman and CEO of the manufacturing giant GE since 2001, handed over the chief executive role to another company veteran John Flannery, but will continue as the Chairman till the end of this year.
“We win in markets, not conference rooms,” the message said. “Winning requires doing and not talking,” Jeff Immelt said in a letter to employees last week, which he also shared on LinkedIn.
India is banking on the Chabahar Port that it is building in Iran to open new trade and business opportunities for its companies.
GAIL (India) and Gujarat State Petronet ltd (GSPL) are at loggerheads over who should transport natural gas from ONGC’s KG basin fields. Both companies have filed applications before the sector regulator seeking authorisation to lay pipeline and argued their case.
All the three projects will be completed in four years by 2020-21. The three projects will generate direct employment during construction for close to 84 lakh mandays.
In what will provide a major boost to the railway network in various parts of Tamil Nadu and Kerala, the Cabinet under Prime Minister Narendra Modi on Wednesday gave its approval to three major railway line projects worth nearly Rs 4,000 crore.
Vanchi-Maniyachchi- Nagercoil via Tirunelveli is an important trunk route serving Southern end of Tamil Nadu and Kerala. The section is heavily passenger oriented which also serve the goods traffic from nearby ports.
Considering the increase in future demand in the southern end of Tamil Nadu and Kerala, the Centre on Wednesday approved a Rs 1000 crore project for doubling the railway line capacity between Vanchi-Maniyachchi- Nagercoil via Tirunelveli.
NTPC is increasing its bets on solar power as tariffs keep falling on the back of decline in prices of cells and modules in the global market. The shift in business strategy of India’s largest coal-fired generator cannot be ignored.
Dr Baru will replace incumbent A Didar Singh who is due to retire after serving in the post for nearly five years.
Former Advisor to Prime Minister Manmohan Singh and noted journalist Sanjaya Baru will be the next secretary general of Federation of Indian Chambers of Commerce and Industry (Ficci). He will take charge of office on September 1.
