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.
The flight IX-1202 with 183 passengers, including an infant, arrived at the Chhatrapati Shivaji Maharaj International Airport at around 5.40 a.m. The evacuees were received by Union Minister of State for Railways Raosaheb Danve-Patil with flowers and words of solace as they trooped out lugging their belongings.
"Indian students are being pushed out of trains, they are not allowed to board, if questioned they are being assaulted and guns are being pointed at them,". There are many incidents where Indians were asked to leave bunkers. Ukraninans are telling Indian students that India is not supporting them and why should they help them?
The two leaders reviewed the situation, especially in the city of Kharkiv where many Indian students are stuck, and discussed the safe evacuation of Indian nationals from the conflict areas, an MEA statement said.
Officials said the administration was in touch with the families of 32 students belonging to the Jammu division who are stranded in Ukraine. Officials said nine evacuation flights have so far brought back around 2,000 Indians stranded in Ukraine since February 26.
Bhullar was convicted and sentenced to death in 2011 in the 1993 Delhi bomb blasts case. In March 2014, however, the Supreme Court commuted his death sentence to life imprisonment owing to his ill health.
An official in Guwahati said that the Assam government so far prepared a list of 160 such students and the process of evacuating them has been going on in coordination with the External Affairs Ministry.
