What is Open Network for Digital Commerce(ONDC)?<\/b><\/p>\n
ONDC <\/span>has<\/span> been set up as a private sector-led non-profit organization.<\/span><\/p>\n Aim:<\/b> To promote<\/span> open networks for all aspects of the exchange of goods and services over digital networks.<\/span><\/p>\n Nodal Ministry:<\/b> Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.<\/span><\/p>\n Implementing Agency:<\/b> Quality Council of India (QCI).<\/span><\/p>\n Significance<\/b>: The network will provide access to businesses by increasing its discoverability at a low cost and will cover retail, mobility, hospitality, food delivery, wholesale trade, and tourism. It will support small, traditional retailers while curbing digital monopolies.<\/span><\/p>\n Click Here to read more about ONDC<\/b><\/a><\/p>\n How will the ONDC pilot initiative work?<\/b><\/p>\n Source<\/strong>: Business Standard<\/p>\n As many as 150 retailers will participate in the pilot initiative that will be launched in the five cities.<\/span><\/p>\n Five seller platforms will be participating in this exercise and onboard sellers\/retailers on the ONDC-compliant application(app), giving them visibility.<\/span><\/p>\n Similarly, a buyer-side app, which in this case will be Paytm will also be connected to the ONDC architecture.<\/span><\/p>\n Delivery or logistics providers \u2014 for delivery of goods \u2014 are also being onboarded.<\/span><\/p>\n Source: <\/b>The post is based on an article <\/span>\u201c<\/b>100 cities in six months: Govt’s ambitious ONDC pilots today<\/b>\u201d <\/b>published in <\/span>Business Standard<\/b> on<\/span> 28th April 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? The government of India\u2019s ambitious Open Network for Digital Commerce\u2019s(ONDCs) implementation is set to begin this week. It will be checked how the technology-enabled infrastructure works, thereby making processes more robust, before it is officially launched. What is Open Network for Digital Commerce(ONDC)? ONDC has been set up as a private… Continue reading 100 cities in six months: Govt’s ambitious ONDC pilots today<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,9],"tags":[10503],"class_list":["post-181727","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-public","tag-business-standard","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704927805},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/181727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=181727"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/181727\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=181727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=181727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=181727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2022\/04\/1651089505-2261.jpg?resize=300%2C251&ssl=1\")
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