wordpress blog stats
Connect with us

Hi, what are you looking for?

Govt sets up advisory council for Open Network for Digital Commerce; Nilekani, RS Sharma members

Alongside the ONDC project, the government is also proposing changes to existing legislation that could have far-reaching consequences in the e-commerce space. The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday appointed nine members to the advisory council for the Open Network for Digital Commerce (ONDC), a government press release stated. ONDC is a digital project launched by the government in 2020 to develop an open UPI-like architecture for the e-commerce landscape. The project aims to set protocols for cataloguing, vendor discovery, and price discovery, and standardise the process of onboarding retailers onto e-marketplaces as well as the supply and delivery of products through online channels. Currently, different platforms have different rules, making it difficult for small sellers to adopt and sell online. "ONDC aims at promoting open networks developed on open-sourced methodology, using open specifications and open network protocols independent of any specific platform. ONDC is expected to digitize the entire value chain, standardize operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers." - Press Release The project was launched in the wake of a large number of complaints of malpractices and monopolistic tendencies of existing e-commerce companies. Last November, the government had set up a steering committee to formulate, implement, and provide policy oversight on ONDC. The DPIIT has assigned the work of carrying out a pilot for ONDC to the Quality Council of India. Amendments to E-Commerce Rules taking place parallel The ONDC announcement comes at a time when another major overhaul…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Third-party cookies are small pieces of data that are collected by websites to track user activity. These are particularly lucrative to websites, as this...

Kotak Mahindra Bank Kotak Mahindra Bank

News

RBI noted that without a robust IT infrastructure and IT risk management framework, the bank’s Core Banking System (CBS) and its online and digital...

News

As opposed to Large Language Models, Small Language Models are best suited to perform simple tasks and can also be easily fine-tuned to meet...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ