Mumbai, July 8 (Reuters): The first budget by Prime Minister Narendra Modi’s new government may tilt towards, but not pivot to welfare spending, with a focus on rural economy and job creation, economists at Goldman Sachs said in a note on Monday. The budget proposal for the financial year ending March 2025 will be presented on July 23, the government said over the weekend. Goldman economists expect the government to stick to its fiscal deficit target of 5.1% of GDP set in the interim budget but said it will likely make an “overarching statement” about long-term economic policy. “We see

After a ceremonial “kissing of hands” with King Charles III, Labour Leader Keir Starmer has become prime minister and can form a majority government. Starmer has led Labour to a landslide election victory, and becomes the first leader from the center-left party to win a U.K. national election since Tony Blair, who won three in a row starting in 1997. Top jobs in Starmer’s new Cabinet announced Several other top jobs in Prime Minister Keir Starmer’s new Cabinet have just been announced. David Lammy has been appointed the foreign secretary, while Yvette Cooper is the home secretary looking after key

LONDON (AP): Labour leader Keir Starmer officially became British prime minister on Friday hours after his Labour Party swept to power in a landslide victory after more than a decade in opposition. Starmer was elevated to the nation’s leader after a private ceremony with King Charles III in Buckingham Palace. In the merciless choreography of British politics, Starmer is taking charge in 10 Downing St. shortly after Conservative leader Rishi Sunak and his family left the official residence and King Charles III accepted his resignation at Buckingham Palace. “This is a difficult day, but I leave this job honored to