important to mention that he has generally softened his stance in the last few years and on the campaign trail since he served as vice president in taiwan he has really espoused more of a pro status quo, the idea that he will inherit the foreign policy and domestic policy of the outgoing president and that suggests there will not be any radical change and we do not expect him to formally declare independence anytime soon. that said the question here is that china will believe that? policymakers in beijing are so incredibly wary of his intentions and they are also going to be smarting from the fact that this is the third consecutive victory by the dpp and so looking forward i think we can expect a lot of anxiety at least over the next few months or even years. let s talk a little about trade and what the consecutive succession under the dpp could mean for trade with china. that is an interesting dynamic to look at because as strained as the relations are under the dpp, econom
important to mention that he has generally softened his stance in the last few years and on the campaign trail since he served as vice president in taiwan he has really espoused more of a pro status quo, the idea that he will inherit the foreign policy and domestic policy of the outgoing president and that suggests there will not be any radical change and we do not expect him to formally declare independence anytime soon. that said, the question here is will china believe that? policymakers in beijing are so incredibly wary of his intentions and they are also going to be smarting from the fact that this is the third consecutive victory by the dpp, and so looking forward i think we can expect a lot of anxiety at least over the next few months or even years. let s talk a little about trade and what the consecutive succession under the dpp could mean for trade with china. that is an interesting dynamic to look at because as strained as the relations are under the dpp, economics
Government sent out Show Cause notices to nine such Offshore Firms asking them to talk about their registration and compliances and since last week first their websites were blocked and then they were removed from the Apple Store and now the Google Place Store has also remove these apps. Bloomberg quoted Industry Experts saying nearly 4 Billion worth of Crypto Currency assets have been traded on offshore platforms and that could be a bunch of money that is evading taxes on indian Soiland Money that is evading taxes on indian soil and that is the reason. Remember, the Indian Government has been increasing and tightening oversight of virtual digital assets. In 2022 they imposed heavy taxes on trading as well as profits on digital virtual Assets Post which many users moved away from local platforms which asked for more stringent know your Customer Guidelines to Offshore Firms like finance and
Volumes are now coming back in the last week since these offshore platforms have been banned. Bloomberg quoted Industry Experts saying nearly 4 Billion worth of Crypto Currency assets have been traded on offshore platforms and that could be a bunch of money that is evading taxes on indian soil and that is the reason. Before we go looking at other key economic events on the calendar this week, india is due to release December Trade data on monday. The Countrys Trade Deficit talents surged to a Record Level last year. Mid week, a lot of attention will be on china as the worlds second largest economy is set to unveil a slew of data, including Growth Figures for the final quarter and all of last year. Also the five day annual meeting kicks off in the swiss Alps Resort of davos
While poisonous darts are being exchanged between competing political rivals in the wake of elections to Karnataka assembly, India is scripting a success story on the economic front, which unfortunately isn’t a part of national discourse.