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The historic bruising for May in January led her to seek changes to the agreement in order to table a second "meaningful vote" before Parliament that she hoped would stand a better chance of being voted through."This is an issue of grave importance for the future of our country.The British Prime Minister made a statement to the Commons soon after the bruising result was announced to confirm that Parliament will vote on a new motion on Wednesday to decide if the UK should leave the EU within the March 29 deadline without any deal in place. We cannot serve our country by overturning a democratic decision of the British people," she said, hours after she had claimed a breakthrough in negotiations with the EU to secure changes to the controversial Irish backstop to make it more acceptable to all sides of Parliament. Our no-deal preparations are now more important than ever before..The Democratic Unionist Party (DUP), which provides Mays government its majority, also declared they would vote against the deal as the changes did not alleviate their concerns over the backstop.Corbyn countered that it was the same "bad deal" MPs had rejected in January and that his party would be voting against it again because it risks peoples living standards and jobs. "For that reason, I can confirm that this will be a free vote on this side of the House," she said. While this marked a smaller defeat than the 230-vote margin with which they rejected her deal back in January, it was a decisive rejection of government strategy even after May had claimed significant changes to the controversial Irish backstop clause had been achieved.May was hopeful that last-minute concessions from the EU would swing the vote in her favour, but many lawmakers dismissed those changes as ineffectual or غير مجاز مي باشدmetic.May, visibly tired and struggling to speak as a result of a sore throat, admitted that Tuesdays vote confirms that there is no support for "this deal" and how the Brexit process moves forward remains all the more uncertain.. The March-end deadline for Brexit kicked in when the UK triggered Article 50 of the Lisbon Treaty following a referendum in favour of Brexit by nearly 52 per cent to 48 per cent in June 2016. The Irish backstop, an insurance policy designed to maintain an open border on the island of Ireland between UK territory Northern Ireland and EU member-state - the Republic of Ireland - has been the biggest sticking point for many MPs in the UK. Back this motion and get the deal done.There is unlikely to be a majority in favour of a no-deal chaotic Brexit, which would then give way to a third parliamentary motion on Thursday to determine if the Brexit deadline of March 29 needs to be extended, which would then have to be ratified by the EU. The impasse can only be solved in the UK. However, he reiterated that the "legal risk remains unchanged" that if no such agreement can be reached due to "intractable differences", the UK would have "no internationally lawful means" of leaving the backstop without EU agreement.In an unusual move, she announced that all Conservative Party MPs will be given a free vote on the issue instead of being made to vote in a particular way by the government.In his official advice as the countrys chief legal adviser, Cox said the extra assurances won by May do "reduce the risk that the United Kingdom could be indefinitely and involuntarily detained" in the backstop if talks on the two sides future relationship broke down due to "bad faith" by the EU. Opposition Labour Party leader Jeremy Corbyn called for a general election to allow the British public to decide who should lead them into the next phase of Brexit."Earlier on Tuesday, May made a final push for the UK Parliament to back her Brexit withdrawal agreement in the vote after she claimed to have secured "legally binding" changes to the draft rejected by the Home of Commons earlier this year. She had called on the Commons to get behind her enhanced agreement setting out the UKs exit strategy from the EU or risk going against the will of the majority that voted for Brexit in the June 2016 referendum.Mays pleas in the House of Commons for lawmakers to support her draft exit deal on Tuesday, or run the risk of a chaotic exit from the European Union (EU) or no Brexit at all, were rejected by 391 votes to 242."This is the moment and this is the time. Just like the referendum, there are strongly held and equally legitimate views on both sides," she said.. The EUs Chief Brexit negotiator, Michel Barnier, said in a Twitter statement: "The EU has done everything it can to help get the Withdrawal Agreement over the line.The Brexit-backing European Research Group (ERG) within the Tory Party declared soon after that it will not be voting for the withdrawal agreement in the Commons later, in a major blow to Mays leadership.London: British Prime Minister Theresa May has suffered yet another crushing Parliament defeat over Brexit when MPs overwhelmingly rejected her plan to quit the EU, plunging the UK into a further airless bottle Wholesalers period of political uncertainty just 17 days before its divorce from the bloc.The clash came soon after UK Attorney General Geoffrey Cox confirmed that the legal risk from the controversial Irish backstop "remains unchanged", leading to hard-Brexiteers from within Mays own Conservative Party refusing to back the so-called "improved" divorce arrangement. ادامه مطلب
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This has widened India’s current account deficit and pushed its balance of payments into the red in April-June for the first time in six quarters and stoked inflationary pressure in the economy.New Delhi: The Indian government late on Friday announced a slew of steps aimed at stemming a steep decline in the rupee, which has fallen rapidly this year, and it left the door open to announcing more measures. Any move to impose more tariffs on high-end electronic items or curb imports of such products though, could heighten tensions with the United States, which has already raised objections this year to India’s move to raise duties on dozens of items to help its flagship Make-in-India drive.64 billion, according to data released on Friday.A Singapore-based forex dealer said the measures would not do much to bolster the rupee. But we need stronger measures," said the forex dealer, adding the markets had been hoping the government would announce measures like Non-Resident India (NRI) bonds.After an economic review meeting chaired by Prime Minister China lotion bottle Suppliers Narendra Modi, India’s finance minister said the government plans to take measures to cut down "non-necessary" imports, ease overseas borrowing norms for the manufacturing sector and relax rules around banks raising masala bonds, or rupee-denominated overseas bonds." He added that there would be further meetings and more steps would be announced separately."These are small, غير مجاز مي باشدmetic measures and will mildly help the rupee on Monday.India’s gold imports in August rose over 90 per cent to ."Dollar outflows, trade wars and high global crude oil prices have hit India despite strong fundamentals," said Finance Minister Arun Jaitley, adding a falling rupee has hurt the current account deficit and this needs to be dealt with "immediately.Jaitley declined to comment on any such measure, saying "this is a market sensitive information. Despite strong GDP growth, the rupee has weakened about 11 per cent this year amid higher oil prices and an emerging markets sell-off. "The government did not provide any details, but earlier a trade ministry official told Reuters that curbs could be placed on imports like gold and high-end electronic items.The weaker rupee and higher oil prices have driven the price of fuel in the country to record highs, causing concern for the government that faces elections in three major states just a few months from now. Modi, who is widely expected to seek a second term, also faces a general election in less than nine months..Another meeting is expected to take place on Saturday.C.The moves follow sharp declines in the rupee, the worst-performing Asian currency this year.Earlier this week, nationwide protests against the record high petrol and diesel prices shut down businesses, government offices and schools in many parts of the country.India, the world’s second-biggest gold consumer, has already raised its goods and services tax on bullion this year and taken other steps to curb gold purchases that drain the country of its forex reserves.India’s Economic Secretary S.During currency crises in 1998, 2000 and 2013 India tapped expatriates to invest in NRI bonds to help boost its foreign exchange reserves and stem declines in the rupee. Garg told a local television channel that no domestic measures related to oil were discussed at the Friday meeting.Potential trade tensionsThe forex dealer said the market would closely watch which "non-essential imports are being curbed."Jaitley said manufacturing entities will be permitted to make use of external commercial borrowings (ECBs) of up to million with a minimum maturity of one year, down from three years earlier.Ford, which has two plants in India, has pushed for a reversal of new tariffs on auto components, while Apple is concerned its iPhones have become even more expensive in the price-conscious billion smartphone market. ادامه مطلب
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