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.
Punjab Chief Minister Charanjit Channi had said that his government will not accept the Centre's decision to expand the BSF's jurisdiction from existing 15 km from the border to 50 km, as this is "against the spirit of federalism".
A bench headed by Chief Justice N.V. Ramana and comprising Justices Surya Kant and Hima Kohli shot a volley of questions at senior advocate Harish Salve, representing the Uttar Pradesh government.
The patients comprised 13 men and two women. Of them, six are children, with the youngest being eight years of age. Ten patients were bystanders, while five bursting crackers themselves.
His announcement comes days after Advocate General A.P.S. Deol resigned from his position and the Punjab government has sent a list of 10 names to the Union Public Service Commission for appointment of the Director General of Police.
According to the SAFAR, at 6 p.m. in Delhi, PM2.5 was 435 micrograms per cubic meter. By Saturday morning, its magnitude may decline but values will remain at the edge of very poor and severe, System of Air Quality and Weather Forecasting and Research (SAFAR) said.
Defence sources said the customary exchange of Diwali sweets took place between the two armies at the Aman Setu bridge near the Kaman post in Uri sector of the LoC. The other point of exchange was Tithwal on the Kishenganga River in Tangdhar sector of the LoC in Kupwara district.
