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.
According to sources, Amarinder Singh will convene a meeting of leaders close to him in a few days to consider the formation of his new party, which will include all the leaders of the anti-Sidhu faction.
The arrested persons have been identified as Abdul Khalid, Shriram Chaurasia, Zishan Ahmad, Vikas Kesarwani and Krishna Kumar. Inspector (Kareli) Anupam Sharma said the arrested persons had sold SIM cards to law-breakers at high prices after creating fake IDs.
The ex-CM of Punjab recalled that Rawat himself had publicly stated after meeting him that he was satisfied by his government's track record on the 2017 poll promises.
It is learnt that Channi in his first meeting with the Prime Minister after becoming chief minister of Punjab requested that the Centre take back its decision to postpone paddy procurement by 10 days. The Centre has postponed the procurement of paddy by 10 days due to rain in Punjab and Haryana. Earlier the procurement was supposed to start from October 1 but now it will start from October 11.
Scotching speculation to the contrary, former Punjab Chief Minister Captain Amarinder Singh on Thursday made it clear he was not joining the Bharatiya Janata Party (BJP) but had no intention of continuing in the Congress either, which he said was going downhill with senior leaders completely ignored and not given a voice.
The meeting lasted for over two hours and the issues raised by Sidhu will be put before the Cabinet on October 4, sources in the party said.After the meeting at Punjab Bhavan, where AICC observer Harish Chaudhary was also present, both Channi and Sidhu left the meeting venue without talking to the media.
