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.
Bhartiya Kisan Union Tikait district vice president Balkar Singh had already made it clear that, "No political leader will be allowed to share the stage where only Sanyukta Kisan Morcha (SKM) leaders will be present."
The incident took place on Tuesday during a demonstration by the BJP in front of the Aam Aadmi Party (AAP) leader's official residence over the Delhi Disaster Management Authority's (DDMA) order restricting celebration of Chhath Puja in the national capital.
The minister and his son are accused in the October 3 incident in which nine persons, including four farmers, were mowed down by SUVs. The minister's son Ashish Mishra has already been arrested.
It's likely that Sidhu will put forth the list of demands in the Punjab government as he is upset with the appointments in the government. He has resigned from the post of state president, but it has not been accepted yet by Sonia Gandhi. The meeting gains significance as it comes ahead of the CWC meeting.
The civil secretariat houses the top offices of the government, including those of the Lt. Governor Manoj Sinha and his advisors. Police tried to intervene to restrain the mourners from carrying out the sit-in outside the civil secretariat.
"My son will go to the police tomorrow and assist the probe. He has not escaped anywhere," Mishra said on his arrival in Lucknow. He said that his son was very much in their house in Lakhimpur.
