Economy

Piyush Goyal becomes new Railway Minister; Arun Jailtey to retain Defence, Finance

Piyush Goyal becomes new Railway Minister; Arun Jailtey to retain Defence, Finance

"He is very talented and we have seen his stellar work in the last three years", Prabhu told ET.

In his tweets, he congratulated the new ministers as well as those who had been elevated.

"I have worked with him as a member of the task force for interlinking of rivers", the minister said.

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.

"In the government of Atal Behari Vajpayee, he (Prabhu) worked with my father and at that time he was in charge of the power ministry and the leadership that he had shown then is the reason why our country has such a capable power sector", Goyal said.

Showering praise on his predecessor, new Railways Minister Piyush Goyal said he would follow on the track already laid out by Suresh Prabhu, who he replaced in Sunday's Cabinet reshuffle.

More news: Bond market braces for final debt-ceiling fight

Piyush Goyal has been given charge of the railway ministry.

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

Speaking after taking charge on Monday, Mr. Goyal said it was an "emotional day". I wish him all the best and all the success.

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

"Goyalji is like my younger brother and now he will take over as new Railway Minister".


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