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.
After paying glowing tributes to legendary martyrs Shaheed-e-Azam Bhagat Singh, Rajguru and Sukhdev here at state-level function in Hussaniwala, the Chief Minister unveiled the anti-corruption number -- 950 120 0200.
Interacting with family members of martyr Bhagat Singh, including Teji Sandhu, the wife of his nephew, Abhay Sandhu, the Chief Minister assured them that all efforts would be made to get status of the martyr for the legendary hero of Indian freedom struggle, who laid his life at a tender age.
It will impart job-related skills like electrician, welder, fitter, air-conditioning and refrigeration mechanic, information technology, web designing, coding, graphic designing, solar panel technician, junior nurses and hospitality.
Furnishing details, Additional DCP-I (Dwaka), Vikram Singh, said that a call about the robbery incident was received at 6 a.m. Tuesday, in which the caller claimed that four women had robbed him of Rs 2,000 near the Ganda Nala area.
"The office of the Commissioner for NRI Affairs Goa is already in touch with the Consulate General of India, Houston, USA for seeking their assistance for bringing the mortal remains of late John Dias to Goa, so that his family can have the funeral in Goa," he added.
He asked farmers to "fight" to cancel the bail given to Union Minister Ajay Mishra Teni's son, Ashish Mishra, who was accused of mowing down four farmers and a journalist with his convoy during the violence.
