Extended Coverage: Cameron, Britain have left the building
Britain has voted for the EU referendum and the counting is going on. Will it stay in the EU or choose to exit?
Britain has voted for the EU referendum and the counting is going on. Will it stay in the EU or choose to exit?
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Rishi Sunak Vs Liz Truss - Head-t-Head
Sunak was the clear frontrunner in the leadership contest in the first round of voting when Tory MPs voted to select the two finalists in the contest, the Indian-origin finance minister has been on the back foot in the pre-poll surveys of Tory members who have a vote in this election.
Fierce loyalty to outgoing Prime Minister Johnson is being cited as a key motivating factor in the choice of a majority for Truss, who was not among the ministers who resigned in the days before Johnson's forced exit from 10 Downing Street. PTI
Bookmakers are predicting that Boris Johnson will succeed David Cameron as the next prime minister.
Just let that sink in.
Boris Johnson. Prime Minister Great Britain.
Watch as David Cameron lights fire to his political career, at least for now.
Now since Brexit is a reality, we explain you two more terms: soft-Brexit and hard-Brexit. What would it be?
Read here.
David Cameron to step down. Will stay as PM till October, he said in his statement.
Dr Raghuram G Rajan, Governor, Reserve Bank of India said, "Markets are trying to factor the consequences of this development and this has already led to sharp corrections in financial markets around the world. The Indian economy has good fundamentals, low short term external debt, and sizeable foreign reserves. These should stand the country in good stead in the days to come."
Reserve Bank is continuously maintaining a close vigil on the market developments, both domestically and internationally, and will take all necessary steps, including liquidity support (both dollar and INR), to ensure orderly conditions in financial markets, he said.
The final result.
David Cameron is in no mood to step down. British foreign ministry confirms that he will stay on.
Meanwhile, Ministry of External Affairs of India has made a statement.
We value our multifaceted relationships with both the UK and the EU and will strive to further strengthen these ties in the years ahead
— Vikas Swarup (@MEAIndia) June 24, 2016
Finance Minister Arun Jaitley has made a statement.
He said, "This verdict will, obviously, further contribute to such volatility not least because its full implications for the UK, Europe and rest of the world are still uncertain."
As regards to the Indian economy, he said, "We are well prepared to deal with the short and medium term consequences of Brexit."FMStatementBrexit.pdf
This is what PK Basu, chief economist, Macquire has to say on Brexit:
Shaktikanta Das, economic affairs sectretary has this to say on Brexit:
I guess now its time to let it sink in, not-so-Great Britain. Or shall I just call you England?
Scotland and Northern Ireland have made it clear they want to be part of the EU. You and Wales can party alone?
The writing is now on the wall.
And David Rothkopf of Foreign Policy has said it like no other.
The British people have spoken--apparently to say they are unlikely to be heard from again.
— David Rothkopf (@djrothkopf) June 24, 2016