NEWS
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Source: Indian Express
What is the News?
The Department for Promotion of Industry and Internal Trade(DPIIT), Ministry of Commerce and Industry has set up a nine-member advisory council for creating an Open Network for Digital Commerce(ONDC).
About Open Network for Digital Commerce(ONDC):
- ONDC is being designed to curb the monopolistic tendencies of e-commerce platforms. It brings together all of India’s E-commerce marketplaces on a single network on the lines of Unified Payments Interface(UPI).
- It will do this by promoting open networks developed on open-sourced methodology using open specifications and open network protocols, independent of any specific platform.
- Impact: This is expected to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiency in logistics, and enhance value for consumers.
- Nodal Body: The task of this project has been assigned to the Quality Council of India(QCI).
