New Entity for Bullet Train Formed

Revamp the Railways
  • Ahead of the Rail Budget, the government has taken a step forward in making bullet train a reality in India by creating a new company called the National High Speed Corporation Limited.
  • It is formed as a joint venture company between the Ministry of Railways and states of Gujarat and Maharashtra.
  • In the Rail Budget, railway minister Suresh Prabhu will infuse around Rs 200 crore for the first year of its operations.