Taiwan's first female president sworn in
Leader of Taiwan's pro-independence Democratic Progressive Party (PDP), Tsai Ing-wen on Friday was sworn-in as the first female president of the island nation.
Taipei: Leader of Taiwan's pro-independence Democratic Progressive Party (PDP), Tsai Ing-wen on Friday was sworn-in as the first female president of the island nation.
Shortly after Tsai was sworn in as president, her new government, led by Prime Minister Li Chuan took office, EFE news reported.
Tsai has said she will preserve the status quo with China, but that Beijing must respect Taiwan's democracy.
Relations with China along with tackling Taiwan's flagging economy are her biggest challenges.
With regard to possible reactions by China, Li expects Beijing to adopt a gradual approach, "punishing" the island at specific points and awaiting the reactions of the new government to readjust its measures.
"China will not play all its cards at once, not launch a massive punishment, nor in the diplomatic arena, snatching all allies, or on the economy, eliminating the arrival of tourists, nor in the political field, breaking all ties" Li said.
The new president, 59, won the national election on January 16 with 56.2 percent of the votes, handily defeating her main rival, Eric Chu, of the long-standing Kuomintang Party, who garnered 31 percent.
The former prime minister lauded the achievements in the past three decades, but expressed pain at the loss of lives and livelihoods due to the COVID-19 pandemic
In the changed scenario, there are many incentives and concessions to develop industrial clusters and corridors but nothing for an industrialist if she desires to set up a unit in far-flung areas
Net direct tax collection in the April-June quarter of the current fiscal is over Rs 2.46 lakh crore, as against more than Rs 1.17 lakh crore during the same period of the previous fiscal