7 search results for "brexit"

UK Policy Update: Foreign Affairs Committee report on UK-India Relations

The UK Foreign Affairs Committee (FAC) recently published a report titled Building Bridges: Reawakening UK-India ties, following their “Global Britain” inquiry, to which NASSCOM submitted written evidence in September 2018. The report is very positive about the UK-India relationship and makes a number of recommendations on skills, migration and trade policy. Specifically, the report recommends tha...

BREXIT Update: Theresa May announces stepping down as UK PM

On 24th May 2019, Theresa May announced her decision to step down as the UK Prime Minister. This follows the inconclusive cross-party talks between Labour and the Conservative parties; and an overwhelmingly negative response to her new Brexit proposal thereafter. UK’s future political direction, particularly regarding Brexit, will now depend on who succeeds May as the Conservative leader and the n...

Brexit Update – Brexit Withdrawal Agreement Bill

On 14th May 2019, Downing Street announced that the Brexit Withdrawal Agreement Bill (WAB) will be brought for voting before UK MPs in the first week of June 2019. It looks likely that PM May will struggle to secure the requisite number of votes to pass the WAB given cross-party Brexit talks between Labour and the Tories now widely expected to fail. If the WAB were to be defeated at Second Reading...

Brexit Update: March 12th vote in UK Parliament

The UK Parliament on March 12th inflicted a defeat on PM May, rejecting her Brexit deal by 242 to 391 – a majority of 149. While this is a smaller margin of defeat than it was in January 2019, (majority against her was 230); the big question now is what, if anything, the PM can salvage from here. PM May’s immediate response was the deal on offer is the only deal available; and stressing that no de...

BREXIT Vote – Overview and Implications

On 29th January 2019, the UK Parliament voted in favour of PM May’s Brexit deal if alternative arrangements are found to the Irish backstop. By a majority of 16, Parliament supported May’s deal if an alternative can be found to the current Irish backstop proposal that aims to keep open the Irish border in all circumstances. UK Parliament also voted against no deal in principle: on a separate amend...

No BREXIT. Yes Digital- Q1FY17 Industry Performance Analysis

Over the past few months, much has been written about the toxicity of the overall macro-economic environment on the Indian technology industry. What is a given though, is that uncertainty is the new normal. How then did the Indian IT companies fare in the last 3 months? While the results have just started to come in, here is a preliminary analysis- Revenue Addition– For the companies that ha...

Brexit Impact: Facts and Analysis

After months of intellectual meanderings, it is here finally – Brexit. Initially it looked likely that the “remain” campaigners would win, having garnered support from none other than the British Prime Minister, the Labour Party and more than 50 per cent of Tory members. As the referendum date got nearer, a different picture emerged. The voices in support of the “leave” campaign became loude...