Labour politician Rachel Reeves has been appointed Chancellor of the Exchequer, 1st female to hold the post. Of the Indian-origin MPs, 6 belong to Conservative party, including Rishi Sunak.
Rishi Sunak-led Conservative Party has had its worst showing in UK general elections, winning as few as 121 seats and seeing its vote share drop by 20 percentage points.
Sunak’s Tories are fighting to finish 2nd, ahead of Liberal Democrats. Both Labour & Tories have promised to complete negotiations for a free trade agreement with India.
Ed Davey is using quirky escapades to communicate his party’s messaging & take digs at opponents. Opinion polls predict Liberal Democrats may win up to 50 seats as opposed to 11 in 2019.
Conservative Party is behind Labour by almost 20 points according to national polls. After 14 yrs of govt, Sunak defied expectations for an autumnal election to instead hold it in July.
Sunak said his government would concentrate on building in inner-city areas where demand was highest, including a new urban quarter in Cambridge to boost its role as a science hub.
The 42-year-old former hedge fund boss, who has only been in elected politics for 7 years, has been tasked with bringing an end to the infighting and feuding at Westminster.
Only four candidates are now left in the race. The fourth round of voting will take place Tuesday, leading to a final shortlist of two candidates by Thursday.
In FY 2025-26, AoN for 55 proposals amounting to Rs 6.73 lakh cr has been accorded by DAC. Both the quantum of AoN given and capital contracts signed, so far, have been the highest in any FY.
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