ADB offers $150 million loan for railways

The Asian Development Bank (ADB) has offered $150 million loan for the expansion of railway tracks and improving overall service in the country.

The programme will help India improve rail services along some of its busiest freight and passenger transport routes, providing double-track for about 840 kilometres of rail routes and electrifying about 640 kilometres, according to a statement released by the Ministry of Finance.

New signalling will also be installed. The ADB will also support accounting reforms to improve operational and financial efficiency at Indian Railways, it said.

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Dramatic finish for British Grand Prix

Mark Webber took the chequered flag in British Grand Prix beating Fernando Alonso who 


finished second, even after leading the first 50 laps of the 52 lap race.  

Karnataka Chief Minister changed again

Jagadish Shettar, backed by BS Yeddyurappa, will be formally elected as the BJP legislative party leader on Tuesday to formally replace DV Sadananada Gowda as the state’s new Chief Minister. 

The BJP legislative party meeting will be held tomorrow during which party MLAs will endorse the high command’s decision to appoint Shettar as the new chief minister. Shettar is likely to be sworn in on Wednesday. 


He will be the third Chief Minister in the present BJP government which came to power in 2008. Yeddyurappa, who led the party to victory then, had to step down after he was indicted by the Lokayukta in a graft case. Gowda had taken over from him in August last year.