3. “What Is Brexit”
Brexit is an abbreviation of “British Exit” which refers to
the June 23,2016 Referendum by British voters to exit
the European Union(EU).
48%
52%
Referendum Result
Remain
Leave
4. The EU has developed an internal single market through
standardised system of laws that apply in all members states .
EU policies aim to ensure the free movement of people , goods ,
services & capital within the single market.
It maintain common policies on trade, agriculture, fisheries, and
regional development .
5. “ FourFreedoms”
Of SingleMarket
It was established in 1992 Which is the
union as a single market.
It allows free movement of the Goods ,
capital , services & people within the
European Union as it is a single country.
The market encompasses the EU’s 28
member states.
It is intended to be conductive to increased
competition , increased specialisation ,
larger economical growth
Movement
of goods
Movement
0f capital
Movement
of services
Movement
of people
6. Reasons of PM DAVID CAMRON RESIGNATION
First , David Cameron is the prime minister of Britain.
there are both political and personal reasons as to why he resigned.
bottom line is that Cameron resigned due to the brexit votes .
Stability: to give the markets, the EU andindeed the country some stability.
Continuity: a key reasonfor the postponementis thatit allowsa proper
leadershipcontest to take place.
Manoeuvring: Cameron repeatedlysaidthroughoutthe campaign thatis they
voted out,he willimmediatelytrigger article50 and they’dbe gone in two years.
7. Causes of brexit
Supreme power or authority
Immigration
Britain's felt less integrated with the EU than other European
citizens
Branding and wording choices
Decision not to impose tougher migration restrictions
9. Impacts on INDIA by BREXIT
Survey finding
India's economy and Indian business
Education sector
Immigration
10. Review’s on brexit
Mr. David Cameron, “I will do everything I can as prime minister to steady the ship over
the coming Weeks and months , but I do not think it would be right for me to try to be the
captain that Steers our country to its next destination”.
“a negotiation with the European union will need to begin under a new prime minister
and I think it is right that this new prime minister takes the decision about when to trigger
article 50 And start the formal and legal process of leaving the EU .”
RBI , Mr Raghuraman Rajan , “The reserve bank of India is contiounsly maintaining a close
Vigil on the market development both domestically and internationally and will take all
necessary steps”
SBI chairmen , Mrs Arundhati Bhattacharya , “as trade strategies are reworked there could
be potential advantages in the form of better market”
11.
UK will have independence
regarding policy matters
(Economic and trade)
No more strong trade
barriers of EU.
Can engage emerging with
countries like India more
effectively.
A weaker pound can help
more international students to
peruse higher education in UK.
What Cameron
wants.....
A weaker EU (both economically and
structurally)
More countries might follow UK’s suit and
go for referendum's. it can be catastrophic
not just for the EU but for world economy
as a whole.
Growing nationalist views among major
economies can result in the end of
globalization.
A less role for financial city of London in
terms of global financial trade.
What he
got.....