Page 17 - Uk Govt

E-Visa facility resumes again for UK nationals travelling to India

For the first time since March 2020, India is all set to resume the e-Visa facility for UK citizens travelling to India, the High Commissioner of India to the UK announced in a video message on Monday

New UK govt examining our proposal, promised to come back soon: Narendran

We have highlighted to them our financial situation given the way things are in Europe, and we have been promised that they will come back soon

Force multiplier: Meet Lord Karan Bilimoria, India's voice in the UK

'An Indian living in London; but an Indian born and brought up in India: not a second generation Asian but a first generation immigrant - who's totally Indian but feels at home in both countries'

UK firms expect to raise prices 6% in 12 months, see inflation lingering

Inflation pressures in the UK economy showed only limited signs of abating in November, with companies expecting to raise prices by 5.7% in the coming 12 months

As British voters cool on Brexit, UK softens tone towards European Union

The British government on Sunday denied a report that it is seeking a Swiss-style relationship with the European Union that would remove many of the economic barriers erected by Brexit even as it tries to improve ties with the bloc after years of acrimony. Health Secretary Steve Barclay told Sky News I don't recognise the Sunday Times report, insisting the U.K. was still determined to use the Brexit freedoms we have by diverging from the EU's rules in key areas. Switzerland has a close economic relationship with the 27-nation EU in return for accepting the bloc's rules and paying into its coffers. The U.K. government said Brexit means we will never again have to accept a relationship with Europe that would see a return to freedom of movement, unnecessary payments to the European Union or jeopardise the full benefit of trade deals we are now able to strike around the world. But despite the denials, the new Conservative government led by Prime Minister Rishi Sunak wants to restore .

UK govt increases windfall tax on profits of oil, natural gas companies

Britain's Treasury chief says he's increasing the windfall tax on the profits of oil and natural gas companies as he announced an emergency budget aimed at restoring the nation's economic credibility and patching up its battered finances. Jeremy Hunt said Thursday that the windfall tax will rise from 25% to 35% from January 2024 to March 2028 and that electricity generators will have to pay a new temporary levy of 45%. He said the taxes combined would raise 14 billion pounds next year. Energy companies such as London-based BP and Shell have reported huge profits in recent months as Russia's war in Ukraine pushes up energy prices worldwide. Britain's government has faced pressure to increase taxes on oil and gas companies to help fund support for millions of Britons struggling to cope with soaring energy prices. Prime Minister Rishi Sunak, a former Treasury chief, introduced a 25% energy profits levy earlier this year but that was limited to profits made from extracting U.K. oil an

Deal activity has spiked in India despite global issues: Goldman Sachs MDs

In a Q&A, Rajat Sood and Som Krishna say their company isn't absolutely return-focused, but is a relative value investor that is looking out for bogh buyouts and minority stakes

Britain and Rishi Sunak

The new PM faces unenviable challenges ahead, but he is a testament to the progress Britain has made towards becoming a multi-racial society

Senior member of Rishi Sunak's govt resigns amid bullying allegations

A senior member of Prime Minister Rishi Sunak's government announced his resignation Tuesday night after mounting allegations that he bullied colleagues. Gavin Williamson announced his resignation as minister of state without portfolio in letter posted on Twitter, four days after the Times of London published expletive-laden text messages he sent to another member of Parliament. After that, a senior civil servant alleged that Williamson subjected them to sustained bullying, telling the individual to slit your throat on one occasion and jump out of the window" on another. In his resignation letter, Williamson said he had apologized for the text messages and was cooperating with an investigation of that conduct. But he rejected suggestions that the second incident involved bullying. I refute the characterization of these claims, but I recognize these are becoming a distraction for the good work this government is doing for the British people,'' Williamson wrote. I have therefore deci

Ukraine's President Zelensky wants Iran punished for helping Russia

"If it was not for the Iranian supply of weapons to the aggressor, we would be closer to peace now," Zelensky said Sunday evening in his daily address

UK PM Rishi Sunak to pledge accelerated renewables plan at COP27 summit

Sunak made a last-minute decision on Nov. 2 to participate in the climate talks, reversing a plan much criticised by environmental activists and political opponents to skip the annual gathering

United Kingdom to declare bank holiday May 8 to honour King Charles III

The United Kingdom will have another reason to celebrate the coronation of King Charles III, for the government has declared a special public holiday to mark the occasion. The holiday will be on Monday, May 8, capping a three-day weekend that will begin with the coronation. The coronation of Charles' late mother, Queen Elizabeth II, was also marked with what is known as a bank holiday in Britain. The coronation of a new monarch is a unique moment for our country. In recognition of this historic occasion, I am pleased to announce an additional bank holiday for the whole United Kingdom next year,'' new Prime Minister Rishi Sunak said. I look forward to seeing people come together to celebrate and pay tribute to King Charles III by taking part in local and national events across the country in his honor. Charles will be crowned on May 6 at Westminster Abbey in London. His ceremony will be designed to preserve the historical traditions of the monarchy while looking to the future followi

What to expect in UK Chancellor Jeremy Hunt's plan to fix fiscal hole

Prime Minister Rishi Sunak's finance minister is trying to identify £50 billion ($56 billion) of spending cuts and tax increases to get debt falling as a proportion of gross domestic product

UK govt has 'no plans' to relocate Israel embassy to Jerusalem, says report

The United Kingdom has "no plans" to relocate its Israel embassy to Jerusalem, Al Jazeera reported citing a spokeswoman for Prime Minister Rishi Sunak

Bank of England raises rates by most since 1989 even as recession looms

Central bank raises bank rate to 3% from 2.25%

Rishi Sunak more than 6,000 times richer than average Indian in UK

With a fortune worth £730 million, Sunak's wealth far exceeds that of Indians living in the UK

'Inevitable' Britons will pay more tax for stability, say Sunak, Hunt

"They agreed on the principle that those with the broadest shoulders should be asked to bear the greatest burden," the Treasury said

Tata Steel Q2 net profit down 87.3% to Rs 1,514 cr over decline in margins

Revenues from operations at Rs 59,877.52 crore was marginally down from Rs 60,387.13 crore in the year-ago period

New UK PM Sunak faces dose of reality as economic, political woes mount

The new premier, Sunak's economic policy is set to face scrutiny as the Bank of England delivers what could be its biggest interest-rate hike in more than 30 years

Need to starve terrorists of financing and emerging technologies: Cleverly

The international community must work together to "starve" terrorists of finance and emerging technologies to stop destruction around the world, British Foreign Secretary James Cleverly said on Saturday. In an address at the meeting of the UN Security Council's Counter-Terrorism Committee, Cleverly called on countries to fight "online" terrorism including global terror recruitment campaigns. "Within the space of two decades, terrorists have gone from circulating crackly voice recordings from the depths of Tora Bora, to global online recruitment and incitement campaigns, to live-streaming attacks," he said. "Online incitement has radicalised vulnerable people in far-off countries who have gone on to use rental vans as weapons of terror," Cleverly said. "So we must continue to work together to fight terrorist ideologies online," the British foreign secretary added. Cleverly said the international community must "starve terrorists of the finance and emerging technologies that will ca