Theresa May says she’s ready to quit if her Brexit deal is passed

Agencies
March 28, 2019

London, Mar 28: British Prime Minister Theresa May said on Wednesday she would quit if her twice-defeated EU divorce deal passes at the third attempt, making a last-ditch bid to persuade rebels in her Conservative party to back her.

May told a meeting of Conservative lawmakers she would stand down if her divorce plan finally got through a bitterly-divided parliament, to ensure a smooth path for a new leader to begin the next step of negotiating the future relationship with the European Union. “I have heard very clearly the mood of the parliamentary party,” May said. “I know there is a desire for a new approach and new leadership in the second phase of the Brexit negotiations and I won’t stand in the way of that.”

May’s announcement is the latest dramatic turn in the United Kingdom’s three-year Brexit crisis, but it is still remains uncertain how, when or even if it will leave the European Union. Many of the Conservative rebels who want a cleaner break from the EU than May’s deal would deliver had made it clear that they would only consider supporting her agreement if she gave a firm commitment and date for her resignation.

May, a vicar’s daughter, had already promised to step down before the next election, due in 2022. By agreeing to go sooner, she increases the chances of her EU deal passing before the new April 12 deadline. “I am prepared to leave this job earlier than I intended in order to do what is right for our country and our party,” May told the party meeting, according to extracts released by her office. “I ask everyone in this room to back the deal so we can complete our historic duty — to deliver on the decision of the British people and leave the EU with a smooth and orderly exit.”

The government is now expected to bring the deal back to parliament for a third vote on Friday. “It was inevitable and I just feel she’s made the right decision. She has actually read the mood of the party, which was a surprise,” said Conservative lawmaker Pauline Latham. May’s deal means Britain will leave the EU single market and customs union as well as EU political bodies. But it requires some EU rules to apply unless ways can be found in the future to ensure no border is rebuilt between British-ruled Northern Ireland and EU member Ireland.

Many Conservative rebels have objected to this so-called Irish backstop, saying it risks binding UK to EU for years. But given the choice between the backstop and no Brexit at all, more should come round. Some of the party’s most influential dissenters had already indicated they would back her deal, agreed after two years of talks with the EU, saying it was the least worst option. May’s deal was defeated in parliament by 149 votes on March 12 and by 230 votes on January 15.

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News Network
January 27,2020

Jan 27: Bidders for Air India Ltd. will need to absorb $3.26 billion of its debt, as Prime Minister Narendra Modi’s administration tries once again to sell the national carrier.

The entire company will be sold but effective control needs to stay with Indian nationals, according to preliminary terms published Monday. Bids are invited by March 17 with Ernst & Young LLP India as transaction adviser.

Air India, which started in 1932 as a mail carrier before winning commercial popularity, saw its fortunes fade with the emergence of cutthroat low-cost competition. The state-run airline has been unprofitable for over a decade and is saddled with more than $8 billion in debt.

Indian regulations allow a foreign airline to buy as much as 49% of a local carrier, while overseas investors other than airlines can buy an entire carrier. The government didn’t find a single bidder when it tried to sell Air India in 2018.

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News Network
July 11,2020

Jul 11: UK’s Prince Charles, at the ongoing India Global week 2020, has praised India’s sustainable way of life, as he emphasised on sustainable development amid the ongoing coronavirus pandemic. Addressing the summit through a video link from London, Prince Charles said, “The country’s (India’s) diversity and resilience is a personal inspiration for him and much to teach all,” reported the All India Radio.

The three-day summit is getting held on a virtual platform from July 9 to July 11 due to the ongoing COVID-19 pandemic. Around 75 sessions on subjects such as geopolitics, business, emerging technologies, banking, finance, pharmaceuticals, defence and security, and arts and culture are getting held. The summit is expected to bring together over 250 speakers and more than 5,000 participants for incisive discussion and lively debate over the three days.

During his address, Prince Charles said India’s philosophies and values have emphasised a sustainable way of life and a harmonious relationship between humanity and nature, the AIR report said.

He also informed that he spoke to Prime Minister Narendra Modi about the importance of sustainable living.

In his address, he also spoke about the ancient yogic concept of ‘Aparigraha’. “It’s the time when the world learnt this ancient wisdom from India as it seeks revival amid the pandemic, he said as reported by the AIR news.

As the countries across the globe are reeling under the corornavirus pandemic, he emphasised on sustainable development to overcome the crisis. He said, “We have an unparalleled opportunity to put people and planet at the heart of global value creation and move to sustainable markets for long-term value, balancing natural, social, and physical capital.”

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News Network
July 26,2020

New Delhi, Jul 26: India reported a spike of 48,661 coronavirus cases in the last 24 hours, said the Union Ministry of Health and Family Welfare on Sunday.

The total COVID-19 positive cases stand at 13,85,522, including 4,67,882 active cases, 8,85,577 cured/discharged/migrated, it added.
With 705 deaths in the last 24 hours, the cumulative toll reached 32,063.

Maharashtra has reported 3,66,368 coronavirus cases, the highest among states and Union Territories in the country.

A total of 2,06,737 cases have been reported from Tamil Nadu till now, while Delhi has recorded a total of 1,29,531 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 4,42,263 samples were tested for coronavirus on Saturday and overall 1,62,91,331 samples have been tested so far.

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