The World Bank Report has stated that India, the third largest economy of Asia, is set to become the first country to receive $100 billion in remittances from migrant workers abroad. Notably, India had received $89.4 billion in remittances in 2021, according to the World Bank report, which then made India the top recipient globally.
India will be the first country in the world to receive $100 billion from remittances during 2022, the World Bank has said.
Remittance flows to India will rise 12% to reach $100 billion this year, according to a World Bank report published Wednesday. That puts its inflows far ahead of countries including Mexico, China and the Philippines.
Highly-skilled Indian migrants living in wealthy nations such as the US, UK, and Singapore were sending more money home, according to the report. Over the years, Indians have moved away from doing lower paid work in places like the Gulf. Wage hikes, record-high employment and a weakening rupee also supported growth.
Remittances to India were enhanced by wage hikes and a strong labor market in the US and other OECD countries. In the Gulf Cooperation Council destination countries, governments ensured low inflation through direct support measures that protected migrants’ ability to remit.
The Centre for Policy Analysis (CPA), in its first global minority report, has listed India at the top of the list of countries for its treatment of religious minorities. India has topped the list on counts of inclusiveness towards religious minorities.
Released by former Vice President of India Venkaiah Naidu, the report is based on conceptual issues relating to human rights, minorities, concept of religious freedom and culture dilemma of religious minorities, cause of religious differences and more.
While India has been ranked one in the global minority report, the United State of America (USA) bagged fourth spot. Nepal is ranked at 39, whereas Russia is ranked 52. China and Bangladesh were ranked at 90 and 99, respectively. Pakistan is ranked at 104 in the report, whereas Taliban-led Afghanistan secured 109th position.
This is for the first time that an Indian body has rated other nations on the basis of their treatment of religious minorities.
India’s newest financial hub is rising from scrubland near the banks of the Sabarmati River once dominated by marsh birds and grazing buffalo.
In the state of Gujarat, just a few glass-fronted towers greet the 20,000 employees of companies such as JPMorgan Chase & Co. and HSBC Holdings Plc who commute in each weekday. Its full name is Gujarat International Finance Tec-City, but it’s more commonly known as GIFT City. It occupies 886 acres between Gujarat’s capital, Gandhinagar, and Ahmedabad, its biggest city. As of October, bankers managed a combined $33 billion here.
An exemption from the many rules and taxes that hamper business and trading in the rest of India. GIFT City is an experiment in free markets nestled inside a $3 trillion economy—one of the world’s fastest-growing—that’s long been reluctant to let its national currency, the rupee, become a plaything of international investors. The goal is to create a welcoming place where India-centric trading that’s moved to Dubai, Mauritius or Singapore can return home.
China held a meeting this week with 19 countries from the Indian Ocean region in which India was conspicuously absent.
The China International Development Cooperation Agency (CIDCA), an organisation connected with the Chinese Foreign Ministry held a meeting of the China-Indian Ocean Region Forum on Development Cooperation on November 21, in which 19 countries took part, according to a press release issued by the organisation.
India was reportedly not invited, according to informed sources here.
Last year, China held a meeting with some South Asian countries on COVID-19 vaccine cooperation without the participation of India.
There is no magic bullet or immediate remedy to tackle climate change. Only the right kind of conversations and interventions are the key. Through ‘How to Blow Up a Pipeline’ we are trying to provoke the right conversation on this burning issue, said Director of the movie Daniel Goldhaber.
While interacting with the media and festival delegates at the ‘Table Talk’ session by PIB on the side-lines of the 53rd International Film Festival of India in Goa, Daniel Goldhaber resolutely expressed that the film neither intends to support nor explore environment extremism. “We are trying to understand why some are being pushed to engage in environmental extremism. It also tries to be frank about the consequences of such extreme acts,” he added. The film had its Asian Premiere at IFFI53.
Asserting that conversations on climatic changes and tactics to face the same are very limited, Daniel added, “Such conversations are predominantly led by corporations and countries profiting from the impact of climate change.”
Emphasizing that climatic issue is an ocean we haven’t really explored, Daniel opined that the consequences of climatic change are not being felt immediately by those countries which cause the reason, but in other places in another place of the planet. “There is a massive responsibility on us to deal with that,” he added.
‘How to Blow Up a Pipeline’- A taut and timely thriller portrays the story of a crew of young environmental activists who with their radical resolve dares to execute a mission to sabotage an oil pipeline. They engage in the act as a reciprocation to the deeds meted out by the system resulting in climate crisis.
The movie is an adaptation of Andreas Malm’s 2021 book, How to Blow Up a Pipeline- Learning to fight in a world of fire’. According to Daniel, the book basically tries to advocate that every social justice movement in the global history in the last decades has had at least some component of property destruction and sabotage. “By making a movie on the book, we wanted to see what would happen if we dramatize the theme though it is fundamentally different from the book, he added.
Narrating the reason for making a movie on a subject, which is the defining issues of our times, Daniel Goldhaber said he had always been looking for a story on climate activism since he is so accustomed to the subject. “My parents are climate scientists. I have been brought up in an environment knowing climatic changes and the activisms associated with it.”
Sharing his joy over the screening of his movie in IFFI53, Daniel said the film is an American film, completely based on an American concept adapted from an European book, but it is always great to get the movie propagated at Asian as well as other countries since the issue is universal.
About the movie
Synopsis: A crew of young environmental activists execute a daring mission to sabotage an oil pipeline in this taut and timely thriller that is part high-stakes heist, part radical exploration of the climate crisis.
Daniel Goldhaber is a director, writer and producer based in Los Angeles and New York.He graduated from Harvard University where he studied Visual and Environmental Studies. Goldhaber’s first feature was ‘Cam’ (2018). Goldhaber was named as one of Filmmaker
‘How to Blow Up a Pipeline’ premiered in the Platform Section of Toronto International Film Festival.
Rape is the pleasure for the people who do it and a talk of gossip for the people of society or for us.
Everyday and every time it is happening around us but only few times media is telecasting it just for the sake of TRP and they are organizing the debate for this topic but not the solution or remedy for particular problem.
Now what is happening with the people who are executing it?
The rich people get bail and repeatedly do it again because now there fear of law has gone. Whereas the poor people do not get bail but after sometime they also get out.
Nowadays it is getting so much common among teenager also, as in the name of the “swag”.
But the thing that we are missing is such that not only women’s are getting affected but also some boys or mans also get raped but no one is paying attention to it as it is not big matter for social media Or news agency.
What should govt do?
According to me the government should start action-reaction as rape is not at all less than murder. Murder is something in which people die physically with little pain but in rape, a girl or boy die mentally and throughout the life she/he had to suffer from a trauma.
What does action-reaction mean?
It means that if a men has raped or molested a women than that men should also get punished by a ‘rod’ and should be reminded throughout their life. So such that they can also feel the pain of a women and would be a learning for others.
The United States Department of Treasury has taken off India’s name from the from its Currency Monitoring List of major trading partners. In its biannual report to Congress, the US’ Treasury Department conveyed that along with India, it had also removed Mexico, Thailand, Italy and Vietnam from the list. With this, seven economies that are now on the current monitoring list include Japan, China, Korea, Singapore, Germany, Malaysia and Taiwan.
The Currency Monitoring List closely follows the currency policies of some of the US’ major trade partners. If a country appears on the list, it is regarded as a “currency manipulator”. A ‘currency manipulator’ is a designation that the US government authorities give to countries that according to the US, engage in “unfair currency practices” for trade benefits. Thus, inclusion in the list simply means that the country is artificially lowering the value of its currency to get an advantage over others. This is because a lower currency value leads to reduced export costs from that country.
Removal of India from the list by the US’ Treasury Department can be seen as a positive news both in terms of market aspect and India’s monetary policy-making. If Indian market experts are to be believed, the development means that the Reserve Bank of India (RBI) can now take robust measures to manage the exchange rates effectively, without being tagged as a currency manipulator. This may also be a big win from a markets standpoint and also signifies the growing role of India in global growth.
Prime Minister Narendra Modi will hold bilateral discussions with G20 leaders on a range of issues including energy security, health, food, and environment at the summit in Bali, Indonesia.
India will officially assume the presidency of the G20 from 1 December 2022.
Prime Minister Modi will hold bilateral meetings with leaders of various G20.
PM Modi said that it will be a proud moment for India to preside over the G20.
Before leaving for Indonesia’s capital Bali to attend the G20 summit, the prime minister said in a statement that he would also underline India’s achievements and “unwavering commitment” in finding collective solutions to global challenges. On the sidelines of the G20 summit, I will meet several world leaders attending the summit and review the progress of India’s bilateral ties with them.
The trend of cryptocurrency in financial institutions is increasing because it benefits the people in the portfolio. The accountability of the people in acquiring the excellent choice in cryptocurrency trading is increasing, and they are perfectly managing their assets from . The outstanding efficiency of the people in having the same characteristics but with distinct nature makes them more different from the others. The tremendous development of cryptocurrency in earning profit and trading with the different elements makes them different in operating the modes and making the trading strategy.and join ethereum code platform
The evolution of cryptocurrency in determining the operating and adopting market is bringing people closer to each other. The investors can simply apply the trading strategy and ideally focus on defining their end goal by establishing a fantastic decision. Digital selling and purchasing of the Cryptography establish the marketplace where the consumer can effectively learn about the person ready to dip into commerce. The article presents some effective strategies where the crypto traders can effectively meet the money secured on the platform and, without losing, can regularly make the judgment.
Crypto Trading And The Wonderful Strategy
Financial risk is necessary to mitigate, and it is possible only if effectiveness is applied in making the strategy. Common strategies typically bring a lot of changes, but advanced strategies can alter your future and make you a permanent part of cryptocurrency investment.
Day Trading
An efficient way a person can enter the market and exit after an unlimited period is adequate. Day trading is an exciting part of trading strategies, including a single-day investment. Most people who want to know about tea’s income sources utilize day trading. Typically more people understand Bitcoin volatility, and it is there to help everybody to make a profit in the moving market. The focus of everybody is to analyze the technical part and understand whether the strategy is consuming more risk or giving an accountable part of the suitable investment.
Future Trading
Another element that speaks loud while understanding future trading is the contract agreement on the participation of multiple people. In future trading, a person pre-determines the strategy and utilizes their money to invest according to the date and time. There is no option available, but most people are selected about the cryptocurrency, and to reduce the danger, they focus on future trading.
Top 4 Strategies
Risk management is essential, and to enhance the prosperity of any cryptocurrency, it is understood that the volatility must reduce, and risk should manage in a manner. People falling apart in management need to focus on the capital and the critical factor designed to minimize the actual losses. Risk management needs to define the prosperity and the portfolio that increases the confidence of a person to approach the cryptocurrency market.
Technical analysis is another part where a person cannot do several things from the chart and creates confidence to focus on the past moment of investment significantly. Typically people who are very analytic about their skills focus on getting the best benefit from the technical aspect.
Another fundamental analysis is again a part of Technical Analysis and a factor for understanding the software of Ethereum application. The cryptocurrency Ethereum is very technical, and the development team has executed the unit’s function very smartly. Unfortunately, the price fluctuated when the coin was launched for the first time, and the future was uncertain. However, people gather information from different websites and places about Ethereum using fundamental analysis.
Controlling emotion is essential for people who use money without understanding the percentage of danger involved in cryptocurrency. Many might feel that the volatility is attractive, but at the end of the day, the opportunity is necessary to excite the trader. Understanding that greed and frustration are part of the emotion and should not come between your investment is very systematic. Other than that, everything in cryptocurrency is a part of the investment. The future depends primarily on the factors and intelligent decisions a person will take to balance the portfolio.
To conclude, whenever a person uses any strategy to upgrade themself for the digital market. They focus on many other things that are vital and imperial for the target market.
The Machhu river in Gujarat’s Morbi town is now news because the most awful incident took place, on 30 October 2022. A hanging bridge after the renovation was opened to the public for which people paid money to purchase the tickets and the bridge collapsed killing many people (more than 140) and also many injured (around 100). The collapse of the bridge has raised many questions. It seems that more people were allowed than its capacity to move. Some TV channels showed many people dancing on the renovated bridge. Now the question arises why so many people were allowed to move beyond its capacity. Another important point is whether there is any ‘Cut Money’ or ‘Commission Money’ involved during the renovation as in our country this is found in many cases. In this regard by saluting a brave police officer of West Bengal, I wish to mention that one Burdwan police officer-in-charge, Sandip Sen made a comment while inaugurating a Kali Puja on 26 October 2022 in West Bengal. He mentioned that “to build a new road… a contractor usually aims for a 40 percent margin at best. Thereafter, he expects to pocket a further 20 percent himself. The BDO gets four percent, the OC five, and others still get five. Meaning nearly 75 percent of the call money will become cut money, so one can only imagine the quality of finished projects”(The Telegraph Online, 31/10/22).
Anyway, the saddest part here (bridge collapse) is that innocent lives were lost because of the callousness of ‘some’ people. Recent news has revealed that two employees of a firm involved in the renovation work of the Morbi bridge have been arrested. I request top officials of the Gujarat Government the main culprits should be brought into the book and they should be punished. It seems that this a ‘man-made disaster’ so our Union Government and all the State Governments should take lessons from this disaster so that innocent lives are not lost in the future.
Another ‘man-made disaster’, unfortunately, occurred in Seoul, South Korea on Halloween event on 29 October 2022 at least 154 people including a total of 26 foreign nationals were among those killed. Among the 154 dead, 26 were foreign nationals, from the United States, China, Iran, Thailand, Sri Lanka, Japan, Australia, Norway, France, Russia, Austria, Vietnam, Kazakhstan, and Uzbekistan. The event took place after three years as during COVID -19 it did not take place as restrictions and social distancing were lifted. I feel this is also a ‘man-made disaster’ as more people gathered than the capacity of the area. It is observed that tens of thousands of people flooded into the area in central Seoul to celebrate Halloween – but panic erupted as the crowds swelled, ‘with some witnesses saying it became hard to breathe and impossible to move’ (CNN Online, 31/10/2022, What we know about the deadly Halloween disaster in Seoul).
This is also a lesson to our Union Government and all the State Governments so that with proper planning ‘man-made disaster’ can be avoided i.e., more people should not be allowed to assemble than the capacity of the area. Anyway, in both cases, many innocent lives were lost. I pray to Almighty God to bestow eternal peace on the departed souls
Joining as a guest in season 14 of Shark tank, Emma Grede is a self-made businesswomen and the first black women to hold an investor position on the popular ABC show, Shark Tank.
In 2008, she established the marketing firm ITB Worldwide for fashion and entertainment.
She is also known for brands such as SKIMS, Good American and Safely.
She is also the chairwoman of the Fifteen Percent Pledge, a campaign that calls on stores to provide Black-owned firms 15% of their shelf space.
The Kardashian clan
Grede is a close business partner with the Kardashian-Jenner family, being the co-founder and CEO of Good American, a size-inclusive clothing line, in 2016 with Khloe Kardashian.
She is a founding partner and the chief product officer of shapewear company SKIMS, owned by Kim Kardashian where her husband is the CEO.
Along with Kris Jenner, she also co-founded the plant-based cleaning company Safely.
History and the start of the career
Born and raised in East London, England by a single mother, she started a side job when she was 12 years old and used her savings to purchase fashion magazines.
She attended the London College of Fashion to study business and left after landing an internship at Gucci.
Post that she quickly drew the attention of Inca Productions, one of Europe’s top producers of fashion shows and events.
Emma oversaw the department that handled sponsorship and endorsement deals after beginning as a producer.
She helped Inca establish the field of “designer collaborations,” which are partnerships between high fashion and consumer brands.
She did this by working with some of today’s top designers, including Alexander McQueen, Christopher Kane, Vivienne Westwood, and Zac Posen, as well as companies like Chivas, Mercedes-Benz, and Sky.
itb
Emma was appointed managing director of the newly established Independent Talent Group and Saturday Group joint venture, ITB, which represents brands’ interests in the entertainment industry, in 2008.
She was appointed CEO of ITB Group when the company bought the licensing firm Brand 360 in 2010.
She is currently the chairman of the business, which has offices in London, New York, and Los Angeles and serves customers like H&M, Calvin Klein, and Net-a-Porter.
ITB Group is active in the fields of artist representation, brand development, and entertainment marketing.
Good American and beyond
As a co-founder she established the Good American company in 2016 with Khloe Kardashian .
It is a US-based luxury clothing brand that supports the idea of a healthy physique and offers a wide range of sizes.
Sales of upwards of $1 million on the first day of the brand’s launch in October 2016 made it the largest apparel launch in history, further demonstrating a void in the market before Good American’s entry.
Instead of the straight body found in the traditional fashion establishment, Good American has been created to serve to a curvier, sexier, and stronger type of woman.
The company backs the nonprofit Step Up, which assists young women in reaching their full potential.
Soon after collaborating with Khloe’s sister and celebrity Kim Kardashian, they launched SKIMS, a all-women type shapewear affordable by the masses.
Recently she also collaborated with Kris Jenner herself for the plant based cleaning company Safely.
Emma Grede with her husband Jens Grede and four children, Grey, Lola, and twins Lake and Rafferty
Today, due to accumulating massive amount of success with so many brands, Forbes declared Emma Grede as one of the top 100 in America’s self-made woman.
Currently she has a net worth of $360 million and is happily married to Swedish entrepreneur Jens Grede. the couple reside in Los angles with their four kids.
Rishi Sunak born on May 12, 1980, is a British politician who has served as Prime minister designated the United Kingdom and Leader of the conservative party since 24 October 2022. He previously served as Chancellor of the Exchequer from 2020 to 2022 and chief secretary to the treasure from 2019 to 2020. He has been a member of Parliament and MP for Richmond York since 2015.
Rishi Sunak was born in Southampton to parents of Punjabi-Indian descent who migrated to Britain from East Africa in the 1960s. He was educated at Winchester College read philosophy politics and economics PP at Lincoln College Oxford and gained an MBA from Stanford University in California. As a Fulbright scholar while studying at Stanford, he met his future wife shitamorti, the daughter of Inar Narayana Morty the Indian Billionaire businessman who founded Infosys. Sunak and Morty are the 2022 richest people in Britain with a combined fortune of 730 metres as of 2022. After graduating Sunak worked for Goldman Sachs and later as a partner at the huge fund firms the Children’s investment fund management and Saleem Partner. Sonic was elected to the House of Commons for Richmond in North Yorkshire. Its the 2015 general election succeeding William Hague sonic supported Brexit in the 2016 reference on EU membership he was appointed to Thresha Mays’s second government as the parliamentary government in the 2018 reshuffle he voted three times in favor of Mays’s Brexit withdrawal agreement after May resigned, Sonak supported Boris Johnson campaign to become a conservative leader. After Johnson was elected and appointed prime minister he appointed Sunak as Chief secretary to the treasury Sonak replaced Saja David as Chancellor of ex check after his resignation in February 2020 Cabinetry shuffle as Chancellor sunak was prominent in the government’s financial response to the Covid 19 pandemic and it’s economic impact including the coronavirus job retention and reaches to help out schemes. He resigned as Chancellor on July 2022 followed by Johnson’s resignation amid a government crisis. Sunak stood in the Conservative party leadership election to replace Johnson and last the members vote for Liz Dress following Truss’s resignation amid another government crisis. Sunak was elected unopposed as a leader of the conservative party and is set to become the next British prime minister.
He is the eldest of three siblings. His father was born and raised in the colony and protectorate of Kenya present-day Kenya while his mother was born in Tanganyika which later became part of Tanzania. His grandfather was born in Punjab province British India and migrated from East Africa with their families to the UK in the 1960s. His paternal grandfather Ramdas Sunak was from Gujranwala in presence Pakistan and moved to Nairobi in 1936 to work as a clerk where he was joined by his wife Suhagwani sunk from Delhi
Sunak’s maternal grandfather rub reason berry MBE worked in Tanganyika as a tax officer and had arranged a marriage with 16-year-old Tanganyika born srksha with whom he had three children the family moved to the UK in 1966 funded by Srksha sold her wedding jewelry Sunk attended school in Romsey Hampshire and Winchester college a boy’s independent boarding school where he was head boy.
The president of India Sri Ramnath Kovind inaugurated a virtual conference of governors on the role of national education policy NEP 2020 and transforming higher education in New Delhi. Today Prime Minister Narendra Modi addressed the inaugural session of the conference which was attended by union education minister sir Ramesh April Shank for Education Sri Sanjay Dutta governors lieutenant governor administrations of states and also some sat chief ministers and education ministers addressing the conference.
The president of India said that the national education policy NEP will take the country, especially the youth forward by the needs and aspirations of the 21st century congratulated the prime minister for his visionary leadership and inspiring role in shaping this historical document he also appreciated Dr. Kastura Runyan and ministers as well as the officials of education ministry for giving shape to NEP. Through an elaborate process that took into consideration more than two lack suggestions received 2.5 lakhs gram panchayats more than 12.5 thousand local bodies and about 675 districts if changes are effectively brought about India will emerge as an education superpower he added elaborating on the NEP. The president said that governors being chancellors of states Universities have a crucial role to play in the implementation of NEP there are some 400 states Universities with about 40k colleges affiliated with them hence it was imperative to establish coordination and dialogues with these universities which could be done by governors who are also the chancellors the president said that Education is the most effective way for social justice and hence the NEP calls for an investment of about 6 percentage of GDP jointly by the center and the states. He said the NEP emphasized strengthening public educational institutions for a vibrant democratic society and at the same time inculcating respect among students for fundamental rights duties constitutional values and patriotism speaking on the occasion the prime minister said the education policy and education system are important means of fulfilling the aspirations of the country. The prime minister said that though the responsibility of education lies with the central state and local level governments their interference in the policy should be minimal. He said the relevance and effectiveness of the education policy will increase when more and more teachers, parents, and students get associated with it. He added that NEP 2020 was drafted after receiving feedback from millions of people across the country and from those related to the Education sector which is why there is a sense of ownership and an all round acceptance among people about this policy. The prime minister further said that NEP is not only directed at reforming the education system but also at giving a new direction to the social and economic fabric of 21st-century India. he said the policy aims at making India self-reliant or atma nirbhar by making our youth further ready in a rapidly changing world and equipping them with the knowledge and skills as per the requirements of the future. He added that NEP focuses on learning rather than studying and goes beyond the curriculum to emphasize his critical thinking he said there is more emphasis given on passion practically and performance than a process he said that the policy aims at making India a knowledge economy in the 21st century. He said that it also allows for offshore campuses of top international Universities in India which will address the issue of brain drain in his welcome remarks union education Minister Sri Rameshh’s portrayal of Shank touched upon the journey evolution and consultation process of the NEP. The minister said this policy is the result of a wide-ranging consultation process covering Laksa villages block districts’ academicians vice chancellor principal teachers and scientists he stressed the new direction and support to research that will be given through the national research foundation. He said the NEP will make our education system both flexible and stable he said the focus and the police are on reform transform and performance and hope the road to a swatch status act atma nirbhar and Ek Bharat Shrestha Bharat will go through this NEP policy the minister of State for Education Sri Sanjay dutra appreciated the entering insights from the governor’s conference and thanked all the participants of the conference discussion sessions with governors lieutenant governor and education minister of the states and union Territories were held during the conference the prospect of transformational reforms in higher education under the new NEP 2020 and the road ahead was elaborately discussed upon in the session the governors and lieutenant governors briefed the president and other participants about various issues with regards to their states and union Territories.
The New Education Policy is a comprehensive and all-encompassing policy that seeks to revamp the Indian education system in its entirety. One of the most significant changes proposed by the NEP is the switch from the 10+2 education structure to a new 5+3+3+4 education system.
Under the new system, students will spend five years in elementary school, three years in middle school, three years in high International schools, and four years in college. This will allow for a more well-rounded and holistic education, as students will be exposed to a broader range of subjects and disciplines.
In addition, the New Education Policy 2022 also proposes introducing multiple exit options so that students can choose to leave the education system after completing elementary school, middle school, or high school if they so desire.
The NEP 2022 is an ambitious and far-reaching policy that seeks to transform the Indian education system into one that is on par with the best in the world.
This national education policy focuses on students’ individual needs. It aims to create a more flexible and adaptive education system that can meet the needs of students and the economy.
Vocational Education is part of the new education policy. It includes teaching the mother tongue and provincial languages up to the 5th year of schooling. Training in vocational skills will be included from the 6th class onwards.
Rishi Sunak has scripted history by becoming Britain’s first Indian-origin Prime Minister. His former boss Boris Johnson and Penny Mordaunt could not gather the support of 100 MPs needed to stand in the elections. The former U.K. Treasury chief was runner-up to Ms. Liz Truss in the contest to replace the scandal-plagued Mr. Boris Johnson as Conservative Party leader and Prime Minister. But Ms. Truss quit after a turbulent 45-day term, and Mr. Johnson has abandoned a comeback attempt, leaving Mr. Sunak a strong favorite to finally assume the office he missed out on less than two months ago.
Rishi Sunak will become Britain’s next prime minister after he won the race to lead the Conservative Party, leaving him with the task of steering a deeply divided country through an economic downturn set to leave millions of people poorer.
Sunak, one of the wealthiest politicians in Westminster and set to be the country’s first leader of colour, will be asked to form a government by King Charles, replacing Liz Truss, the outgoing leader who only lasted 44 days in the job before she resigned.
Sunak, the 42-year-old former finance minister, becomes Britain’s third prime minister in less than two months, tasked with restoring stability to a country reeling from years of political and economic turmoil. The multi-millionaire former hedge fund boss will be expected to launch deep spending cuts to try to rebuild Britain’s fiscal reputation, just as the country slides into a recession, dragged down by the surging cost of energy and food.
Rishi Sunak is a British politician who has served as Prime Minister of the United Kingdom and Leader of the Conservative Party since October 2022. He previously held two cabinet positions under Boris Johnson, lastly as Chancellor of the Exchequer from 2020 to 2022.
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