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Piyush Goyal gets Railways, Prabhu shifted to Commerce and Industry

08 September 2017

"But I have seen Prabhu working like that 15 years ago".

The new minister said his predecessor was his mentor with whom he had worked on earlier occasions.

Goyal is expected to continue the reforms initiated by Prabhu in railways and bring new ideas to the table, said Jaijit Bhattacharya, partner and head, economics, regulatory and policy advisory, KPMG in India.

Goyal has been given charge of the railway ministry to take forward reforms initiated by Suresh Prabhu towards corporatization of railways, monetization of the transporter's assets and boosting non-fare revenue to deliver tangible outcomes, analysts said. For Goyal, the railways high operating ratio, which reflects poor financial health, will also be a matter of concern. Speculations are strong that Piyush Goyal may get railways.

"I had just come from Mumbai and I didn't know the P of Power".

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His work in rural electrification earned him some name as the government reported the ministry to have electrified 13,134 remote villages out of 18,452 by April 2017.

Speaking to media after assuming his office, Singh said that there is lot of dynamism in both the Power & Renewable Energy Ministries which will be continued. I wish him all the best and all the success.

He has now been appointed the Minister of Commerce and Industry.

The exit of Prabhu from the railways came after last months Muzaffarnagar train accident that claimed 23 lives.

Piyush Goyal gets Railways, Prabhu shifted to Commerce and Industry