November 18
PM Modi On Cryptocurrency…
‘It is important that all democratic nations work together on cryptocurrency and ensure it does not end up in wrong hands, which can spoil our youth”, PM said Prime Minister Narendra Modi on Thursday.
Prime Minister Narendra Modi while delivering the keynote address at the inaugural Sydney Dialogue via video conferencing, spoke on the theme of India’s technology evolution and revolution and the noted recognition for the country’s central role in the Indo-Pacific region and in the emerging digital world.
“Noting the benefits of the digital age, the Prime Minister also said that the world also faces new risks and new forms of conflicts across diverse threats from the sea-bed to cyber to space.
“The biggest strength of democracy is openness. At the same time, we should not allow a few vested interests to misuse this openness”, the Prime Minister said.
The Prime Minister said, as a democracy and a digital leader, India is ready to work with partners for shared prosperity and security. “India’s digital revolution is rooted in our democracy, our demography, and the scale of our economy. It is powered by enterprise and innovation of our youth. We are turning the challenges of the past into an opportunity to take a leap into the future”
“We are investing in developing indigenous capabilities in telecom technology such as 5G and 6G. India is one of the leading nations in artificial intelligence and machine learning, especially in human-centred and ethical use of artificial intelligence. We are developing strong capabilities in Cloud platforms and cloud computing”, he added.
He also said India’s contribution in coping with the Y2K problem and its offering of the CoWin platform to the world as open source software are examples of India’s values and vision.
“India’s democratic traditions are old; its modern institutions are strong. And, we have always believed in the world as one family”, he added.
Describing India’s extensive experience with the use of technology and policy for public good, he said that inclusive development and social empowerment can be of great help to the developing world.
“We can work together to empower nations and their people, and prepare them for the opportunities of this century”, he noted.
Giving a roadmap for democracies to work together, PM Modi called for a collaborative framework “to invest together in research and development in future technology; to develop trusted manufacturing base and trusted supply chains; to deepen intelligence and operational cooperation on cyber security, protect critical information infrastructure; to prevent manipulation of public opinions; to develop technical and governance standards and norms consistent with our democratic values; and, to create standards and norms for data governance and for cross-border flow that protect and secure data.”
