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vegassports-odds.com September 22, 2017


India launches first bullet train project

16 September 2017, 11:44 | Taylor George

Youth found asking about Goa elections hoping for a Mumbai-Goa bullet train launch by PM Modi

Shiv Sena criticises PM Narendra Modi's bullet train project

Hoping for a Mumbai-Goa bullet train launch by the PM, similar to the Mumbai-Ahmedabad bullet train. The agreement covers establishing design, engineering and manufacturing facilities at BHEL using Japanese technology, reports said. According to them, bullet train is a capital intensive project and is economically unviable.

Share price of the company reacted to the news as the stock closed 3.4% higher at 136.85 rupees becoming one of leading gainers on the Nifty 200 index Thursday.

The incident happened on Thursday, the same day when the foundation was laid for the bullet train by Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe. Indian railways are in dire straits as the organisation is struggling to keep pace with the modern technology due to budget constraints.

Yesterday, Shiv Sena had severely criticised PM Modi's dream of running bullet train between Mumbai and Ahmedabad. Moreover, the newly-appointed Railway Minister Piyush Goyal - who is also the BJP treasurer - has been specifically brought in only for this project, the Sena said, adding "as part of the ruling Bharatiya Janata Party's "policy of transparency". Many railway projects in Marathwada, Vidarbha and Konkan have remained stuck for years due to bureaucratic hurdles.

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Mohansingh Rathwa, Leader of opposition from Gujarat state assembly said, "I appreciate that the government has given a go ahead for the bullet train project".

'Does this bullet train fit into the needs of the country?' it asked and raked up the issue of agrarian distress in some states.It said the demand for waiver of farm loans was being made for the last several years and that nobody sought a bullet train. However, the government is yet to conduct a survey to find a route from where the train will run. "Most of the stops are in Gujarat and there are stops in places which have a population of just 36,000", said Congress spokesperson R.P.N. Singh. "Through the bullet train venture, the government is only trying to separate Mumbai from Maharashtra".

Once again, one of their oldest ally, Shiv Sena, slammed the government's priorities and termed the exorbitant investment as a dream for the rich and wealthy. Earlier he had taken demonetisation decision that caused huge hardships to people.



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