New Delhi, March 24 (IANS) Lending major Punjab National Bank (PNB) has acquired a 5.97 per cent stake in Open Network for Digital Commerce (ONDC) in the first tranche.
ONDC is an initiative of the Ministry of Commerce and Industry to promote open networks for all aspects of the exchange of goods and services over digital networks.
It was incorporated on December 30, 2021, with an early investment from the Quality Council of India (QCI) and Protean eGov Technologies.
ONDC is expected to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiencies in logistics, and enhance value for consumers for almost all types of businesses.
"In the current platform-centric digital commerce model, buyers and sellers must use the same platform or application to do a business transaction," PNB said in a statement.
"With ONDC's network-centric model, buyers will be able to access all services currently provided by various sellers on different platforms, on a common network, thus making the network interoperable," it added.
In its earlier meeting, the board of PNB had approved investing in ONDC with an equity participation of 9.5 per cent.
"Accordingly, the bank has invested Rs 10 crore for acquiring a 5.97 per cent stake of ONDC in its first tranche, as per the directives of its board," the statement said.
In 2017, the Aam Aadmi Party had got around 23 per cent votes but the projections for this election is 39 per cent, while Congress seems to have lost around 11 per cent votes, against in last election's over 38 per cent now, to around 26 per cent and may see its tally come down from 77 seats to 25 seats.
Harjot's brother Prabhjot Singh, who resides in Delhi's Chhattarpur, told IANS: "The last conversation I had with Harjot was on February 26 at 9 p.m. I haven't spoken to him since then. On March 2, at night, he contacted the family and informed them about his injuries.
While directing officials to ensure safe return of the remaining students and other persons stuck in Ukraine, he said the state government is sparing no effort to help the distressed families in this hour of crisis.
Over 700 Indian students are stuck in Sumy and they are running out of basic necessities like food and water and they have been urging the Indian government to get them evacuated from there.
Over 7,400 Indian nationals are expected to be evacuated under the 'Operation Ganga' in the next two days, the government said on Thursday. The Centre has initiated an airlift operation to evacuate Indians, who have found their way to the neighbouring countries of war-torn Ukraine.
This advisory, prepared by the Manohar Parrikar Institute for Defence Studies and Analyses, warns about aerial raids, missile attacks, artillery shelling, small arms and gunfire, grenade explosions and 'Molotov cocktails', including by local people/militia.
