LONDON: British PM Rishi Sunak could face some transparency questions related to wife Akshata Murty‘s Infosys shares, worth an estimated 500 million pounds, in a proposed free trade agreement (FTA) with India, according to a media report. ‘The Observer’ claims the opposition Labour Party and trade experts are questioning the full financial impact as Infosys, the Bengaluru-headquartered software service major co-founded by Akshata’s father Narayana Murthy, stands to benefit from any such trade deal.
India and the UK have been negotiating an FTA, now in its 12th round of negotiations, as Sunak prepares for his first visit to India as British PM for the G20 summit next month. “As the PM recently learned, it’s important he declares any interests properly. I expect him to do so in respect of the India trade deal too,” said Darren Jones, Labour MP. Earlier this week, the UK parliamentary watchdog released its report into an inquiry concluding that Sunak had inadvertently failed to correctly declare his wife’s shares in childminding firm Koru Kids that stood to benefit from the government’s budget policy.
According to reports, Delhi is pushing London to sign a social security agreement similar to deals it has signed with countries, including Canada, Australia and France, that could exempt Indian workers from social security contributions if they continue to make payments in India.
India and the UK have been negotiating an FTA, now in its 12th round of negotiations, as Sunak prepares for his first visit to India as British PM for the G20 summit next month. “As the PM recently learned, it’s important he declares any interests properly. I expect him to do so in respect of the India trade deal too,” said Darren Jones, Labour MP. Earlier this week, the UK parliamentary watchdog released its report into an inquiry concluding that Sunak had inadvertently failed to correctly declare his wife’s shares in childminding firm Koru Kids that stood to benefit from the government’s budget policy.
According to reports, Delhi is pushing London to sign a social security agreement similar to deals it has signed with countries, including Canada, Australia and France, that could exempt Indian workers from social security contributions if they continue to make payments in India.
timesofindia.indiatimes.com
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