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Pranab Mukherjee: India believes in “World is one family”

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New Delhi: President Pranab Mukherjee lauded India’s high-performance execution of strategies in the sector of foreign policy.

He addressed this to the joint sitting of both the houses of parliament while inaugurating the budget session. He covered all the points, from India’s action in countering cross-border terrorists to the successful rescue operation of more than 4,000 people in Yemen.

He also came to the topic of how India maintained a peaceful relation with Bangladesh, while the signing of the historic land boundary agreement, over the disputed areas. The president indicated that India has been active in establishing a holistic approach in the arenas of economics, technology, manpower as well as giving special concentration to diplomatic efforts.

Mukherjee invited everyone to remember how India has played a crucial role of being an aid to Nepal during the earthquakes. He mentioned about Modi’s contribution in constructing Afghanistan’s new parliamentary building. “My government believes in a secure and prosperous future for our neighborhood. India remains committed to providing support to the people of Afghanistan in realizing their dream of building a stable, inclusive and democratic nation”, he said.

He also praised Modi’s active role, in realizing the importance of Climate change by launching an International Solar Alliance (ISA).

Lastly, President gave a talk on how India has been functional in strengthening the UN Security Council and the highly impressive leadership of the country while collaborating with councils like WTO, G-20, East Asia Summit etc.

Obviously he neither did left out India’s decision to hold the India-Africa Summit or India’s second International Fleet Review or else for that part, government’s policy towards the Indian Diaspora which has enhanced NRI and PIO engagement by making it easier for them to get passports and the opportunity to acquire visa on arrival by extending Electronic Travel Authorization.

Therefore, looking at all these points;  that testifies India’s friendly relation with her neighbors, one cannot deny what the President declared. And that is India is a country which believes in the notion of “The World is one family”.(inputs from agencies)

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Regulating Cryptocurrency Now Important More Than Ever

Financial regulators worldwide have struggled to deal with the rise of electronic alternatives to traditional money.

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virtual currencies
People use a bitcoin ATM in Hong Kong. VOA

A global financial body says governments worldwide must establish rules for virtual currencies like bitcoin to stop criminals from using them to launder money or finance terrorism.

The Financial Action Task Force said Friday that from next year it will start assessing whether countries are doing enough to fight criminal use of virtual currencies.

Countries that don’t could risk being effectively put on a “gray list” by the FATF, which can scare away investors.

Cryptocurrency, virtual currencies
The value of cryptocurrency rises and falls daily. Pixabay

Marshall Billingslea, an assistant U.S. Treasury secretary who holds the FATF’s rotating leadership, said, “We’ve made clear today that every jurisdiction must establish” virtual currency rules. “It’s no longer optional.”

Also Read: McAfee: Cryptocurrency Mining Malware Grew 86% in Q2 of 2018

The FATF described how the Islamic State group and al-Qaida have used virtual currencies.

Financial regulators worldwide have struggled to deal with the rise of electronic alternatives to traditional money. (VOA)

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