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.
Former Leader of the Opposition and a prominent Dalit face Harpal Singh Cheema may be inducted as the deputy chief minister. Cheema retained his Dirba seat.
Exhorting the top brass of civil and police administration to discharge duties as a public servant in the letter and spirit, thus respecting the massive mandate got by the AAP in the recently concluded assembly polls, the Chief Minister said the people who have given "us an opportunity to serve the state are the real rulers in the democracy having the power to make the leaders to rule or show them the door".
The Fourth Additional District and Session's Court Judge B.R. Pallavi has convicted Adithya Rao (37), the accused in the case. He was found guilty under Section 4 of the Explosive Substances Act 1908 and Section 16 of the Prevention of Unlawful Activities Act 1967. He has also been fined Rs 10,000.
The first of the session commenced with Pro-tem Speaker Inderbir Singh Nijjar administering the oath of office and secrecy to Chief Minister Bhagwant Mann as Member of the Vidhan Sabha. Breaking the convention, all women members were administered oath after the Chief Minister.
The ruling BJP and opposition Congress, meanwhile, locked horns in the assembly over the bandh. The BJP sought action against those who are going against court verdict and the Congress maintained that they have the right to protest.
The plea sought a direction to the SEC to conduct the municipal elections in Delhi, according to the initially conceived schedule, before the expiry of the tenure of the Municipal Corporations of Delhi, in May 2022, in a free and fair manner. The petition contended that the SEC, on March 9, issued a press note for holding the polls in April.
