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 house from where the device was recovered belongs to a man named Kasim and he had given it to some people who are now missing. A manhunt has been launched for them.
The plant will be operated using 100 per cent wet waste, which is estimated to produce around 18,000 kg gas per day. Indore Municipal Corporation has estimated that the amount of Bio-CNG will help to run around 400 buses in the city daily.
Union Home Minister Amit Shah had recently urged states to work jointly with the NCB to unearth the larger conspiracy of drug rackets having national and international links.
The BJP's youth wing came forward to file a FIR in Patna as well. Bharatiya Janata Yuva Morcha (BJYM) Vice President Manish Singh moved an application in Kadam Kuan police station to register an FIR against Channi.
The CBI had recently declared a cash reward of Rs 50,000 on seven accused involved in the case. It had declared rewards on Arun Dey, Sukhdeo Poddar alias Sukha, Gopal Das alias Bishal Paul, Saurav Dey alias Guddu, Rahul Dey, Biswajit Das alias Bompa, and Amit Das.
Situated at Jewar in Uttar Pradesh, the upcoming airport (Noida International Airport) would cater to all international flights and ease the burden put on the Indira Gandhi International Airport in recent years.
