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Need to jointly shape global norms for crypto-currency, social media: PM Modi at Democracy Summit

By Jasleen Kaur -- December 10, 2021 9:23 pm -- Updated:December 10, 2021 9:29 pm

Summit for Democracy: Prime Minister Narendra Modi on Friday stressed on jointly shaping global norms for emerging technologies such as social media and crypto-currency so that these are used to empower democracy, not to undermine it.

Addressing the 'Summit for Democracy' hosted by US President Joe Biden virtually, Prime Minister Narendra Modi said the meeting provided a timely platform for furthering cooperation among democracies.

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He said democratic countries need to constantly improve their democratic practices and systems and enhance inclusion, transparency, human dignity and decentralisation of power.
PM Modi said different parts of the world had followed different paths of democratic development.

"There is much we can learn from each other. We all need to constantly improve our democratic practices and systems. And, we all need to continuously enhance inclusion, transparency, human dignity, responsive grievance redressal and decentralisation of power," he said.

"In this context, today's assembly provides a timely platform for furthering cooperation among democracies. India would be happy to share its expertise in holding free and fair elections, and in enhancing transparency in all areas of governance through innovative digital solutions. We must also jointly shape global norms for emerging technologies like social media and crypto-currencies, so that they are used to empower democracy, not to undermine it," he added.

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PM Modi emphasised that democratic spirit was integral to India's civilisational ethos and noted that centuries of colonial rule could not suppress the democratic spirit of the Indian people.

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"Elected republican city-states such as Licchavi, Shakya flourished in India as far as 2500 years back. The same democratic spirit is seen in the 10th Century's Uttaramerur inscription that codified the principles of democratic participation," he said.

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"By working together, democracies can meet the aspirations of our citizens and celebrate the democratic spirit of humanity. India stands ready to join fellow democracies in this noble endeavour," he added.

-PTC News

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