 "Cabinet approves $1.4 bln new metro rail project")
NEW DELHI (Reuters) - The cabinet approved on Wednesday a new, 86.8-billion-rupee ($1.43 billion) metro rail project in Maharashtra, the government said in a statement.
The go-ahead for the Nagpur rail project comes weeks after Prime Minister Narendra Modi permitted foreign investment in railways as part of his efforts to upgrade the nation’s infrastructure for an economic turnaround.
Analysts reckon India’s poor infrastructure shaves off as much as 2 percentage points from its gross domestic product.
Modi swept to power in May on a promise to revamp the creaking railway system, focusing on high-speed trains, as well as road and airport building.
($1 = 60.6100 rupees)
(Reporting by Rajesh Kumar Singh; Editing by Mark Heinrich)
This story has not been edited by Firstpost staff and is generated by auto-feed.
 "Who was Amarnath Ghosh, the Indian classical dancer shot dead in the US?")
 "You weren’t afraid, neither are we, say defiant Russians as Navalny is laid to rest")
 "Vantage | Will Israel invade Lebanon?")
 "Alexei Navalny's funeral: Family struggles to find hearse agree to take his body")
 "Who was Amarnath Ghosh, the Indian classical dancer shot dead in the US?")
 "You weren’t afraid, neither are we, say defiant Russians as Navalny is laid to rest")
 "Vantage | Will Israel invade Lebanon?")
 "Alexei Navalny's funeral: Family struggles to find hearse agree to take his body")