Theresa May Current Affairs

India, UK ink two MoUs

India and the United Kingdom have signed two memorandum of understanding (MoUs) to boost relations between the two nations.

These MoUs were signed during the official three days state visit of UK Prime Minister Theresa May to India. It was her first bilateral visit outside Europe after becoming PM and after UK’s decision to exit from European Union.

Signed MoUs are

MoU on Ease of Doing Business

  • Under it, expertise from UK Government will be made available to relevant departments and agencies of the Indian Government for the ease of doing business drive.
  • It includes sharing of best practices and technical assistance, exchange between the officials to India for effective implementation of the initiatives in order improve its ranking in the ease of doing business.
  • Important areas of cooperation include tax administration, regulatory regimes, support to businesses and startups, competition economics, etc.

MoU for cooperation in the field of intellectual property

It was signed between the Department of Industrial Policy and Promotion (DIPP) and the Intellectual Property Office (IPO) of UK.

  • It envisages establishing a mechanism for furthering cooperation between the IP Offices of India and UK in the field of IP and related information technology (IT) services.
  • It includes exchange of experience, best practices and knowledge of IP awareness among the public, businesses, industry, R&D organizations and educational institutions.
  • It also includes exchange of processes for disposal of applications for trademarks, patents, industrial designs and geographical indications.

Both countries also agreed to establish new Joint Working Group (JWG) to discuss and resolve trade related issues. It will focus on goods trade and also on services, including through greater mobility for skilled professionals.

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Theresa May takes over as second woman Prime Minister of United Kingdom

Conservative party leader Theresa May (59) became Prime Minister of United Kingdom after meeting Queen Elizabeth II.

She succeeds David Cameron, who had resigned in the wake of Brexit referendum that ended his six-year-long stint as the Prime Minister of Britain.

With this, she became UK’s second-ever female Prime Minister after Margaret Thatcher (in office from 1979-1990).

About Theresa May

  • Prior to entering front-line politics, Theresa May has worked with the Bank of England from 1977 to 1983.
  • She had served as a councillor for the London Borough of Merton from 1986 to 1994. She is Member of Parliament for Maidenhead since 1997.
  • In the outgoing Prime Minister David Cameron she had served as home secretary of UK from May 2010 to July 201. She was the longest-serving home secretary of UK in last 50 years.

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