Open Network for Digital Commerce

• The Union Minister of Commerce and Industry chaired a meeting for the review of the Open Network for Digital Commerce (ONDC) initiative of the Department for Promotion of Industry and Internal Trade (DPIIT).

About:

• ONDC is globally first-of-its-kind initiative that aims to democratise Digital Commerce, moving it from a platform-centric model to an open-network.

• As UPI is to the digital payment domain, ONDC is to e-commerce in India.

• ONDC will enable, buyers and sellers to be digitally visible and transact through an open network. no matter what platform/application they use.

• ONDC will empower merchants and consumers by breaking silos to form a single network to drive innovation and scale, transforming all businesses from retail goods, food to mobility

• ONDC will be compliant with the Information Technology Act, 2000 and designed for compliance with the emerging Personal Data Protection Bill.

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Mains Paper 3: Economy

Prelims level: Open Network for Digital Commerce

Mains level: Read the newsfeed

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