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.
The NCB team arrived here this afternoon and is understood to have recorded Wankhede's statement besides summoning a 'Panch-Witness' Prabhakar Sail for probe.
The petition alleged that as per the video of the meeting, the CM was asking party workers to make "500-600-1,000 volunteers" in every district of north and west Haryana, and be ready to "face sticks, imprisonment", which will make them "big leaders".
He trashed allegations that the Border Security Force (BSF) would take over the state's administration or will be deployed in the Golden Temple, and said such misconceptions were being spread by certain people to score brownie points in the run-up to the Assembly elections.
Accusing the BJP of only serving the corporates, he said the BJP government is committed to serve the industrialists who have already set up silos and other infrastructure because of the farm laws.
Claiming that the Delhi government has not withheld a single penny from the MCD, he alleged that the BJP has used its revenues earned from toll tax and advertisements for "illegal purposes". He also said that the saffron party has floated a tender for medicines, which cannot be procured before December.
An indication in this regard came on Tuesday when his media advisor Raveen Thukral extended an invite to the media for Amarinder Singh's press briefing in Chandigarh.
