Page 7 - Rishi Sunak

'New dawn' for UK, 'Death of Democracy': British media welcomes new PM

He was leading the front page of every major newspaper in the UK, which in the past had colonised most of the world

New PM Rishi Sunak pledges to lead Britain out of economic crisis

Several ministers sacked, Hunt to stay FM

Prime Minister Sunak: UK has come a long way from open racism

Rishi Sunak's wealth and the fact that he represents racial diversity, but not economic or class diversity, do not and cannot take away from the essential significance of his assumption to office

Sunak's rise as next UK PM triggers war of words between BJP, opposition

With opposition leaders using the elevation of Rishi Sunak as Britain's next prime minister to lament alleged majoritarianism and divisiveness in India, the BJP on Tuesday cited APJ Abdul Kalam's and Manmohan Singh's rise as the country's president and prime minister to hit out at them. The BJP also rejected any parallel between its leaders' opposition to prime ministership for Sonia Gandhi, who is of Italian origin, after the Congress won the Lok Sabha poll in 2004 and the Britain's ruling party choosing Indian-origin Sunak as its leader, paving the way for him to become the country's next PM. "Can't differentiate between Italy-born Sonia (who refused to take Indian citizenship for several decades after marriage with Rajiv) and UK-born Rishi with Indian ancestry," BJP's foreign affairs department head Vijay Chauthaiwale said responding to a Twitter user. Reactions from BJP leaders came after leaders from various opposition parties, including the Congress, appeared to take a swipe a

Hopes for India-UK FTA talks impetus with new Prime Minister Rishi Sunak

As Rishi Sunak takes over as Britain's first Indian-origin Prime Minister on Tuesday, there is renewed hope that the India-UK free trade agreement (FTA) will get a much-needed impetus after the Diwali deadline for draft completion was missed amid political turmoil in the UK. While the October timeline was set by former prime minister Boris Johnson during his India visit in April, Sunak is on the record expressing his commitment to an FTA with India while Chancellor of the Exchequer at No. 11 Downing Street. He has flagged financial services as a particularly exciting aspect of the bilateral trade relationship and pointed to enormous opportunity for both countries in fintech and the insurance sector. I'm very supportive of India playing an increasingly influential role in the region, and indeed, in the world as a massive economy and the world's largest democracy and an FTA would prove a greater champion of that cause, Sunak told reporters back in July. Financial service is an area ..

Indian-origin Suella Braverman back as Home Secretary in UK PM's cabinet

British Prime Minister Rishi Sunak on Tuesday began putting his top team in place with key Cabinet appointments and decided to keep the new Chancellor, Jeremy Hunt, in place for economic stability and brought back Indian-origin Suella Braverman as Home Secretary. In another move aimed at continuity, James Cleverly will stay in his post as Foreign Secretary despite not being a Sunak loyalist. Braverman, who's scathing resignation letter precipitated Liz Truss' exit from Downing Street last week, is a fellow Bexiteer like Sunak. It remains to be seen how her tough stance on immigration will square off in the new Cabinet after her remarks about Indian visa overstayers caused much damage to the ongoing India-UK free trade agreement (FTA) talks. Hunt, who was parachuted in earlier this month by former prime minister Liz Truss and went on to reverse her tax-cutting mini-budget, has been an ally of Sunak and it was widely expected that he would keep his job. It was also expected to be one

Latest Live: Rishi Sunak becomes richest-ever occupant of UK's Number 10

From Sunak's appointment as UK PM, Cyclone Sitrang to coronavirus cases and air pollution, catch all the latest developments from across the globe here

UK PM Sunak begins Cabinet reshuffle, keeps Chancellor Jeremy Hunt in place

British Prime Minister Rishi Sunak on Tuesday began putting his top team in place with key Cabinet appointments and decided to keep the new Chancellor, Jeremy Hunt, in place for economic stability. In another move aimed at continuity, James Cleverly will stay in his post as Foreign Secretary despite not being a Sunak loyalist. Hunt, who was parachuted in earlier this month by former prime minister Liz Truss and went on to reverse her tax-cutting mini-budget, has been an ally of Sunak and it was widely expected that he would keep his job. It was also expected to be one of the first announcements as a signal to the financial markets, which have considerably calmed since Sunak's Diwali victory. "It is going to be tough. But protecting the vulnerable and people's jobs, mortgages and bills will be at the front of our minds as we work to restore stability, confidence and long-term growth," Hunt tweeted soon after. Another close ally, Dominic Raab, who served as Deputy Prime Minister an

Sterling rises as Rishi Sunak becomes UK PM while US dollar slumps

The potential for volatility is elevated in the foreign exchange market this week, with central banks in the euro zone and Canada expected to hike rates by 75 basis points

India's democracy far better than any other nation's: Jitendra Singh

Union minister Jitendra Singh on Tuesday took a dig at PDP chief Mehbooba Mufti for using the elevation of Rishi Sunak as Britain's prime minister to lament alleged divisiveness in India, saying that India's democracy is far better than that of any other country in the world. The Minister of State for Personnel, without naming anybody, questioned the mindset which is "possibly motivated by reluctance to accept the fact that Jammu and Kashmir is part of India". "Anybody who is familiar with the history of independent India and the history of Indian democracy would have no doubt that democracy in India is far better than any other country's in the world," Singh told reporters here. For example, India has witnessed more than one presidents either from the minority or from the weaker sections, he said. "I am proud to say that during the Vajpayee regime, we had APJ Abdul Kalam as the President of India. After Prime Minister Modi took over, we had Ram Nath Kovind and now we have (Droupad

New UK PM Rishi Sunak says that he will unite Britain with action

"I have been elected as leader of my party and your Prime Minister in part to fix them." He added: "This will mean difficult decisions to come"

I stand before you to lead the country into the future: UK PM Rishi Sunak

Rishi Sunak will take charge as Britain's first Indian-origin Prime Minister after an audience with King Charles III on Tuesday, a day after he was elected the new leader of the Conservative Party in a historic leadership run. Outgoing Prime Minister Liz Truss will chair her final Cabinet meeting at 10 Downing Street on Tuesday morning before she makes her way to Buckingham Palace to formally tender her resignation to the 73-year-old monarch. Sunak, 42, will then arrive at the palace for his meeting with the King, who will formally anoint him as the UK's new Prime Minister. The former chancellor will then make his first prime ministerial address on the steps of 10 Downing Street, expected to be joined by wife Akshata Murty and daughters Krishna and Anoushka. "The UK is a great country, but there is no doubt we face a profound economic challenge," said Sunak in his first address as Prime Minister-elect on Monday. "We now need stability and unity and I will make it my utmost priorit

Sterling rises as Sunak prepares to become PM, euro awaits ECB hike

Sunak will become Britain's next prime minister, Downing Street said on Monday. Sunak was due to meet King Charles on Tuesday morning before speaking outside No. 10 Downing Street

Political stability may give impetus to India-UK trade pact talks: Experts

Rishi Sunak becoming the UK's prime minister is likely to give much-needed momentum to ongoing negotiations for the proposed free trade agreement between India and Britain, trade experts say. The countries have already missed the Diwali deadline for concluding the negotiations because of political developments in the UK. According to the experts, political stability in the UK now would help fast-track the negotiations for the pact, which would give a boost to the bilateral trade and investments between the countries. Sunak, 42, on Monday won the race to lead the Conservative Party and is now set to become Britain's first prime minister of Indian origin. It is a very positive news for India. The development will definitely help in giving much-needed momentum to the talks, Federation of Indian Export Organisations (FIEO) Vice Chairman Khalid Khan said. However, Biswajit Dhar, Professor in the Jawaharlal Nehru University, said the new UK prime minister would like to first focus on .

UK PM Sunak: Tharoor stirs Twitter storm after 'visible minority' remark

With many in India expressing their happiness, including Sunak's father-in-law and founder of Infosys Narayana Murthy, Congress leader Shashi Tharoor has stirred up a storm on Twitter

Rishi Sunak's wife earned Rs 126.61 cr dividend income from Infosys in 2022

Akshata Murty, Britain's incoming Prime Minister Rishi Sunak's wife whose tax status on income from outside the UK had triggered a controversy, earned Rs 126.61 crore (USD 15.3 million) in dividend income in 2022 from her shareholding in India's second-largest IT firm Infosys. Murthy, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares, or 0.93 per cent, of Infosys at the end of September, according to company filings with the stock exchanges. Her holding is worth Rs 5,956 crore (about USD 721 million) at Tuesday's trading price of Rs 1,527.40 on the BSE. Infosys paid Rs 16 per share final dividend for 2021-22 fiscal on May 31, this year. For the current year, the firm this month announced an interim dividend of Rs 16.5, according to the company's stock exchange filings. The two dividends totalled Rs 32.5 per share or Rs 126.61 crore for Akshata. Infosys is among the best dividend-paying companies in India. In 2021, it paid a total of Rs 30 per share dividend, w

Rishi Sunak, wife's combined fortune double that of King Charles III's

Rishi Sunak, who will become the UKs 57th Prime Minister, is richer than King Charles III and, at 42, younger than every predecessor except William Pitt the Younger

Sunak's promises to keep: Ex-chancellor's likely agenda when he becomes PM

Managing welfare spending while promoting business will be among his top tasks if he wins leadership contest

'Our Obama moment': UK Hindu temple leader on Rishi Sunak becoming PM

Rishi Sunak becoming UK's Prime Minister is "our Barack Obama moment", said leader of the Hindu temple set up by the Indian-origin leader's grandfather

Here's all you need to know about Rishi Sunak, the new UK Prime Minister

When Rishi Sunak was elected by Conservative MPs as their new leader and hence prime minister of the United Kingdom, the British nation breathed a sigh of relief: thank God it wasn't Boris Johnson