Announcing the decision taken by the CCEA, Coal and Railways Minister Piyush Goyal said the reform is expected to bring efficiency in the coal sector by moving from an era of monopoly to competition.

The transport behemoth which has 13 lakh employees is now mulling a change in the criteria for promotion of employees to see if they can be further rewarded for good performance.

#BudgetWithIndiaTV: Speaking at the India TV Budget Samvaad, the railway minister heaped praises on the Union Budget 2018-19, presented by Finance Minister Arun Jaitley on Thursday.

Replying to questions in the Rajya Sabha, he also said his ministry was planning a major overhaul of the obsolete signalling system currently being used and to introduce latest technology.

Piyush Goyal comes from a renowned political family of Maharashtra. His father Late Ved Prakash Goyal was a respected BJP leader who served as a Union Minister for shipping in the Atal Bihari Vajpayee cabinet.

"Going forward, India's role in the world economy, in the social tensions and in the fight against terrorism and climate change is only going to grow," Goyal said.

Without giving details on the budget allocation for Railways, Goyal told reporters here that he is “satisfied with whatever has been proposed (in the budget)”.

"We are studying a model under dynamic pricing, where we would also give discounts on train tickets, just the way in which it is offered in airways," Goyal said.

Union Minister Piyush Goyal on Wednesday used a series of email exchanges to accuse the Gandhi family of interfering in governmental decisions during the erstwhile UPA regime.

In a meeting on November 28, the railway board started the process of drawing up a blueprint to interconnect the four metros - Delhi-Mumbai, Delhi-Howrah, Delhi-Chennai, Chennai-Howrah, Chennai-Mumbai and Howrah-Mumbai.

Union Minister Piyush Goyal on Friday said that the latest report by ratings agency Standard and Poor’s (S&P) on India’s sovereign ratings is “very satisfying”.

The Congress has raised several questions over the Rafale aircraft deal, including the rates, and had accused the government of compromising national interest.

The Cabinet Committee on Parliamentary Affairs (CCPA) was likely to meet on Friday to take a call on holding the Winter Session of Parliament. The meeting, however, did not take place.

Railway Minister Piyush Goyal wrote an 884-word-long answer on Quora to the question 'Does India actually need a bullet train?'.

Piyush Goyal said that track renewal -- replacing old tracks with new wherever necessary -- was essential for the safety of the railways

An official said that a letter regarding the system's installation was received by all the zones last week.

A railway official said that the idea of predicting chances of waitlisted tickets getting confirmed was of Railway Minister Piyush Goyal.

Indian Army will help build a new foot overbridge at the Elphinstone Road station in Mumbai, where a deadly stampede killed 23 people last month.

The Railways is looking to invest over $150 billion over the next five years which would help create one million additional jobs, minister Piyush Goyal has said.

Piyush Goyal said that railways will be able to accomplish 100 per cent electrification at lower prices with "an incentive cum penalty" framework scheme.