Infosys Non-Executive Chairman and Aadhaar architect Nandan Nilekani, Chief Executive Officer (CEO) of National Health Authority, RS Sharma, and seven other experts are a part of an advisory council to advise the government to design and accelerate adoption of Open Network for Digital Commerce (ONDC), aimed to curb digital monopolies.
The larger idea is to give ‘free and fair’ choice to consumers to buy products on an online platform, a senior government official said. “The system will help physical traders get on online platforms.
This will be done by creating a network based on open protocols through ONDC,” the official cited above told Business Standard.
Adil Zainulbhai, Chairman Quality Council of India, Anjali Bansal, Founder and Chairperson of Avaana Capital, National Payments Corp. of India CEO Dilip Asbe, Secretary General of Confederation of All India Traders (CAIT) Praveen Khandelwal, among others are also a part of the advisory council. A senior Department for Promotion of Industry and Internal Trade (DPIIT) official will be the convenor of the advisory council.
“ONDC is expected to digitize the entire value chain, standardize operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers” an official statement said.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.