{"id":34788,"date":"2022-11-19T07:02:07","date_gmt":"2022-11-19T01:32:07","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=34788"},"modified":"2025-04-20T17:16:53","modified_gmt":"2025-04-20T11:46:53","slug":"impose-cost-on-nations-backing-terror-says-pm","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/impose-cost-on-nations-backing-terror-says-pm\/","title":{"rendered":"Impose Cost on Nations Backing Terror, Says PM"},"content":{"rendered":"<h3><strong>What\u2019s in today\u2019s article:<\/strong><\/h3>\n<ul>\n<li><strong>News Summary<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Why In News:<\/strong><\/h2>\n<ul>\n<li>PM Modi inaugurated the 3<sup>rd<\/sup>\u00a0No Money for Terror (NMFT) conference, which is being held in New Delhi.<\/li>\n<li>The NMFT conference started in 2018 as an initiative of the French government to specifically focus on cooperation between countries to choke terror funding.<\/li>\n<li>In 2019, the conference was held in Australia.<\/li>\n<li>The conference was to be held in India in 2020 but was postponed due to the pandemic.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>News Summary<\/strong><\/h2>\n<h3><strong>Key highlights of the speech delivered by PM Modi<\/strong><\/h3>\n<ul>\n<li><strong>Targets Pakistan, China<\/strong>\n<ul>\n<li>In remarks aimed at Pakistan and China, PM Modi said that while some countries support terrorism as part of their foreign policy, others do so by blocking action against terrorists.\n<ul>\n<li>China has repeatedly blocked several attempts by India and the US to blacklist Pakistan-based terrorists under the sanctions committee of the UN Security Council.<\/li>\n<\/ul>\n<\/li>\n<li>In this context, he urged the world to unite against such overt and covert backing of terror by\u00a0<u>imposing a cost on these countries<\/u>.\n<ul>\n<li>Organisations and individuals that try to create sympathy for terrorists must also be isolated.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li><strong>Obliquely criticised the West<\/strong>\n<ul>\n<li>PM Modi also obliquely criticised the West for being focussed on terror groups with global outreach.<\/li>\n<li>The reaction to a terror attack cannot vary based on where it happens, he called for a\u00a0<u>uniform, unified and zero-tolerance approach<\/u>.<\/li>\n<li>He further said that the International organisations\u00a0<strong>must not think that the absence of war means peace<\/strong>. Proxy wars are also dangerous and violent.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Emphasised the need to strike at the root of terror financing<\/strong>\n<ul>\n<li>He flagged organised crime as one of the sources of terror funding.\n<ul>\n<li>Organised crime should not be seen in isolation and these gangs often have deep links with terrorist outfits.<\/li>\n<li>The money made in gun-running, drugs and smuggling is pumped into terrorism. These groups help with logistics and communication too.<\/li>\n<li>At times, even activities like money laundering and financial crimes have been known to help terror funding.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li><strong>Use of new technologies by terrorist organizations<\/strong>\n<ul>\n<li>New kinds of technology are being used for terror financing and recruitment. Challenges from the\u00a0<u>dark net, private currencies and more are emerging<\/u>.\n<ul>\n<li>Dark Net is a maze of secret websites which can be accessed only through encrypted channels (specialized web browser).<\/li>\n<li>It is used for keeping internet\u00a0<u>activity anonymous and private, which can be helpful in both legal and illegal applications<\/u>.<\/li>\n<\/ul>\n<\/li>\n<li>Hence, there is a need for a uniform understanding of new finance technologies.<\/li>\n<li>It is also important to involve the private sector in these efforts. From a uniform understanding, a unified system of checks, balances and regulations can emerge.<\/li>\n<li>The answer is not to criticize technology. Instead, it is to use technology to track, trace and tackle terrorism.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Raised the issue of online radicalization<\/strong>\n<ul>\n<li>Today, cooperation is needed not only in the physical world but also in the virtual world too.<\/li>\n<li>The infrastructure used for cyber terrorism and online radicalisation is distributed. Some also offer weapons training from a remote location and online resources.<\/li>\n<li>Communications, travel, logistics are the links of the terrorism chain. Each country must act against the part of the chain within reach.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Other highlights<\/strong><\/p>\n<ul>\n<li>Union Home Minister Amit Shah chaired the first session of the 3rd NMFT Conference on \u2018<strong>Global Trends in Terrorist Financing and Terrorism\u2019<\/strong>\u00a0theme in New Delhi.<\/li>\n<\/ul>\n<p><strong>Key highlights of the speech delivered by the Home Minister<\/strong><\/p>\n<ul>\n<li><strong>Financing of terrorism is more dangerous than terrorism itself<\/strong>\n<ul>\n<li>Because the &#8216;Means and Methods&#8217; of terrorism are nurtured from such funding.<\/li>\n<li>Furthermore, the financing of terrorism weakens the economy of countries<\/li>\n<\/ul>\n<\/li>\n<li><strong>Transformation of terrorism with the help of technologies<\/strong>\n<ul>\n<li>The transformation of terrorism from\u00a0<u>&#8220;Dynamite to Metaverse&#8221; and &#8220;AK-47 to Virtual Assets&#8221;<\/u>\u00a0is definitely a matter of concern for the world.<\/li>\n<\/ul>\n<\/li>\n<li><strong>India&#8217;s strategy against the financing of terrorism<\/strong>\n<ul>\n<li>India&#8217;s strategy against the financing of terrorism is based on these six pillars:\n<ul>\n<li>Strengthening the Legislative and Technological Framework<\/li>\n<li>Creation of a Comprehensive Monitoring Framework<\/li>\n<li>Actionable intelligence sharing mechanism and strengthening of the investigation and police operations<\/li>\n<li>Provision for confiscation of property<\/li>\n<li>Prevent misuse of legal entities and new technologies, and,<\/li>\n<li>Establishing international cooperation and coordination<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PM Modi inaugurated the 3rd No Money for Terror (NMFT) conference, which is being held in New Delhi.<\/p>\n","protected":false},"author":5,"featured_media":34789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[],"class_list":{"0":"post-34788","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-mains-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/34788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=34788"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/34788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/34789"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=34788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=34788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=34788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}