The Railways, by contrast, a central subject, gives Goyal an opportunity to lead a mammoth organisation in need of an urgent revamp. Marred by its safety and cleanliness record, the ministry, however, has more performance pressure than any of Goyal’s earlier assignments.
A law graduate from the Mumbai University, Goyal is a chartered accountant and brings with him skills of a thinking minister. “I will first study the ministry,” said Goyal. A slowing economy will impact its freight business, while the failure of dynamic pricing has seen the Railways losing its business to airlines. Its efficiency continues to be low with an operating ratio of over 94 per cent.
Besides, the challenge will not just come from dealing with public pressure of providing an efficient and safe transport, but also tackling the railway bureaucracy, already peeved at strings now being pulled by the Ministry of Finance and the prime minister’s office.
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