Prime Minister Narendra Modi calls for joint efforts to shape global standards for social media and cryptocurrencies

Prime Minister Narendra Modi on Friday called for united efforts to shape global standards for emerging technologies such as social media and cryptocurrencies to be used to “strengthen” democracy, not “undermine” it. “.

In a virtual speech at the Democracy Summit hosted by US President Joe Biden, Modi said India would be happy to share its expertise in holding free and fair elections and improving transparency in all areas of governance.

Referring to Abraham Lincoln’s famous quote on democracy, the Prime Minister also added that democracy is also about being “with the people, among the people”. “Structural features such as multiparty elections, independent justice and free media are important instruments of democracy. However, the fundamental strength of democracy lies in the spirit and the philosophy which animate our citizens and our societies ”, he declared.

“Democracy is not only of the people, by the people, for the people but also with the people, among the people,” Modi said.

The prime minister also called for joint efforts to shape global standards for emerging technologies such as social media and cryptocurrencies.

“We also need to jointly shape global standards for emerging technologies such as social media and cryptocurrencies, so that they are used to strengthen democracy, not undermine it,” he said.

This is the second time in the past three weeks that Modi has called for working together on the need to regulate cryptocurrencies.

In his virtual speech at the Sydney Dialogue on November 18, Modi urged democratic nations to work together to ensure cryptocurrency does not end up in the wrong hands.

In his remarks to the Democracy Summit, Modi said that the democratic spirit is an integral part of India’s civilizational ethic and that centuries of colonial rule could not suppress the democratic spirit of the Indian people.

“This again found its full expression with the independence of India and has led to an unprecedented history in building a democratic nation over the past 75 years,” he said.

“It is a story of unprecedented socio-economic inclusion in all fields. It is a story of constant improvements in health, education and human well-being on an unimaginable scale,” a- he declared.

“India’s history has a clear message to the world. That democracy can deliver, that democracy has delivered and that democracy will continue to deliver,” he added.

The Prime Minister also referred to India’s 2,500-year-old democratic tradition.

“Elected Republican city-states such as Lichhavi and Shakya flourished in India 2,500 years ago. The same democratic spirit is found in the 10th century inscription ‘Uttaramerur’ which codified the principles of democratic participation, ”he said.

“This very democratic spirit and ethics made ancient India one of the most prosperous,” he said.

Modi said that by working together, democracies can meet the aspirations of citizens and celebrate the democratic spirit of humanity.

“India is ready to join other democracies in this noble endeavor,” he said.

Modi started off by saying that he is proud to represent the world’s largest democracy at the top.

“India would be happy to share its expertise in holding free and fair elections and improving transparency in all areas of governance through innovative digital solutions,” he said.

The prime minister said that different parts of the world have followed different paths of democratic development and there is much to learn from each other.

“We all need to constantly improve our democratic systems and practices. And we all need to continually improve inclusion, transparency, human dignity, grievance resolution and decentralization of power, ”he said.

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Posted on: Saturday December 11, 2021 12:43 IST