Suresh Prabhu infuses life into railways with Rs 1.5 lakh crore LIC loan

September 02, 2015 12:01

The railways have finally identified the projects that will be funded by the Rs 1.5-lakh-crore loan that Life Insurance Corporation (LIC) has extended to the cash-strapped organization for the next five years.

Railway officials claim that the organization is under close scrutiny of Prime Minister Narendra Modi, who thinks that a robust railways can greatly contribute to the country's economy.

"He is personally reviewing the progress of critical railway projects and urging the ministry to hasten the speed of implementation," a senior Railway Board official told ET. Read more

« Back to LIVE

TOP STORIES

'Rahul Seems A Combination Of Nehru, Gandhi, Ambedkar'

'The Congress is trying to reinvent itself -- the caste census demand, OBC emphasis, the anti-corporate thrust, especially on Adani etc -- all this is not standard Congress strategy.'

'BJP will have no effect. Not even an iota'

'The people of Tamil Nadu in particular Chennai know about the double standards of the BJP. Nothing will work for them here.'

New govt may kick off pesticide, seed reforms

With farm Acts out of the picture, the government may look at reforming the input side of the agriculture sector - regulations and rules that govern seeds, fertilisers and plant chemicals. Sources said such a blueprint, which is aimed...

Depression, undereating caused early retirement, reveals Lanning

Australia's former women's captain Meg Lanning said that her early retirement from international cricket at 31 was forced by bouts of depression and weight-loss

Diabetic Kejriwal eating mangoes, sweets to get bail: ED

This is being done to make grounds for medical bail, the ED told the court