The Union cabinet approved a proposal for the complete electrification of Indian Railways by 2021-22, reducing dependence on imported fossil fuel and saving revenue for the national carrier. The move will cost the government Rs12,134 crore. The announcement was made by the Railways Minister, Mr Piyush Goyal.
Besides, complete electrification of broad gauge routes will have a significant impact on safety, capacity and speed. Indian Railways is one of the largest rail networks in the world with 67,368km of tracks and 22,550 trains that carry 22.24 million passengers and 3.04 million tonnes of freight every day.
Source- The Livemint
Static/Current Takeaways Important for Indian Bank PO Exam 2018-
- Piyush Goyal is the present Cabinet Minister of Indian Railways.