Thursday, 23 November, 2017

RK Singh Takes Over As New Power & New Renewable Energy Minister

Sep 03 01:45 PM Sep 03 01:45 PM
Heather Davidson | 08 September, 2017, 00:51

Suresh Prabhu, who exits as Rail Minister, will be the new Commerce Minister, the department held by Ms Sitharaman.

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

As the Minister of State with Independent Charge for Power, Coal, New and Renewable Energy, Goyal is said to have done commendable work in power and coal sector, which has earned him the crisis-ridden Ministry of Railway.

Both his parents have been associated with the BJP, with his father Late Vedprakash Goyal being the Union Minister of Shipping in the Atal Bihari Vajpayee.

Nirmala Sitharaman emerged as the biggest gainer of the cabinet reshuffle today as Prime Minister Modi gave her the heavyweight Defence portfolio, while Piyush Goyal replaced Suresh Prabhu in the Railway Ministry in a major rejig, which saw nine new faces being inducted. The Central and Western railway officials hope that Goyal will make sure several railway projects that had been piled up will finally get completed.

Goyal, who was earlier the minister of state for power, will have his task cut out as the railways battles a creaking infrastructure and revenue shortage on back of low fares and stiff competition from budget airlines.

"I am here to help him in whatever he needs, and I believe that everyone will support him as they did me", Prabhu said.

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