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.
Congress chief spokesperson, Randeep Surjewala said in a statement, "The Khattar government has lost the confidence and the mandate of the people and it should leave. When your party can talk to the Taliban, why not farmers."
Researchers from National Centre for Disease Control, Delhi, under the Ministry of Health; CSIR Institute of Genomics and Integrative Biology, Delhi, and University of Cambridge in the UK examined how the Delta variant was able to evade the immune response.
Senior Superintendent of Police Swapan Sharma told the media that Babbi was in touch with the members of the Ajaib Khan gang lodged in a Sangrur jail with whom he had hatched a conspiracy to eliminate rival gangsters Mani Sheron and Feteh Nagri.
Prabhjot Singh Katri was found murdered early on Sunday morning near his residence in the city of Truro in Nova Scotia. The victim came to Canada from India in 2017 for higher studies. After finishing his studies, he was on a work visa and was driving a cab to earn his livelihood.
Demanding a law to ensure cost based remunerative price for farmers' produce, the RSS affiliate Bharatiya Kisan Sangh (BKS) will hold nationwide demonstrations on Wednesday (September 8). The BKS said that the government should give remunerative price to farmers or explain that their demand is wrong.
The joint call to action comes from non-attainment cities like Ludhiana, Amritsar, Khanna, Patiala and others reeling under poor air quality, and not just during winters.
