Published on: June 6, 2021

OPEN NETWORK FOR DIGITAL COMMERCE

OPEN NETWORK FOR DIGITAL COMMERCE

http://eaa25.org/wp-content/cgialfa What is in news : Department for Promotion of Industry and Internal Trade (DPIIT) has launched a project on Open Network for Digital Commerce (ONDC).

http://nghomes.com/2021/05/31/when-do-bitcoin-futures-trade Why : Promoting open networks developed on open-sourced methodology

How : Using open specifications & open network protocols independent of any specific platform.

Who is developing : Quality Council of India.

Additional details :

  • Advisory council has been constituted to advise Government regarding the measures required to design and accelerate adoption of ONDC.
  • Members of advisory council
    • RS Sharma, CEO of National Health Authority;
    • Nandan Nilekani, non-executive Chairman of Infosys and
    • Arvind Gupta, Co-founder & Head of Digital India Foundation.

Significance : Help in digitizing entire value chain, promoting inclusion of suppliers, standardizing operations, deriving efficiencies in logistics and enhancing value for consumers.

Department for Promotion of Industry and Internal Trade (DPIIT)

  • Under : Ministry of Commerce and Industry
  • Responsibility : Formulate and implement promotional & developmental measures for growth of industrial sector based on national priorities and socio-economic objectives.
  • Responsible for overall industrial policy & to facilitate and increase foreign direct investment (FDI) flows India