Monday, April 22, 2024
HomeBusinessDigital commerce: Govt sets up key panel to set protocols

Digital commerce: Govt sets up key panel to set protocols


Related stories

6 New Video Slot Games the Gambling Community Already Loves

Discover the best of the best video slots that...

How to Make Online Gambling Your Profession

Gambling is often perceived as nothing more than entertainment,...

The Minimalist Wallet As A Fashion Statement

In the fashion world, colours, textures, shapes, and materials...

Unlock Global Achievement: Optimizing Expansion with Expert Localization Services

What Are Localization Services? Due to today's rapid globalization, we...


Interestingly, the council doesn’t have any member from key e-tailers.

The department for promotion of industry and internal trade (DPIIT) on Monday set up a nine-member panel, including National Health Authority chief executive RS Sharma and Infosys chairman Nandan Nilekani, to suggest measures to design an open network for digital commerce (ONDC) that aims to curb monopolistic tendencies of e-commerce platforms, among others.

The ONDC is expected to set standards for onboarding retailers on online market places as well as for the supply and delivery of products through online channels. The idea of an ONDC was mooted last year to bring some kind of standards and streamline the country’s e-commerce ecosystem. Currently, different e-marketplaces have different set of rules, which at times make it difficult for small traders and suppliers to adopt.

The move is the latest in a series of changes announced or being planned to be rolled out by the government for the e-commerce sector. Already, the government’s draft e-commerce policy under the consumer protection Act has caused considerable unease among e-tailers for a host of changes, including the ban of “specific flash sales” by e-commerce players. Last week, commerce and industry minister Piyush Goyal said the government could issue a clarification on its foreign direct investment (FDI) policy for e-commerce “very shortly”. Various reports have suggested that the government could tighten the norms that could force players like Amazon and Flipkart to restructure their existing marketing tie-ups.

Last year, the DPIIT had asked the Quality Council of India to initiate a pilot project on the ONDC.

See also  What Features Do All The Best Checking Accounts Offer?

The panel also comprises Adil Zainulbhai, chairman of the Quality Council of India; Anjali Bansal, chairperson of Avaana Capital; Arvind Gupta, head of Digital India Foundation; Dilip Asbe, MD at National Payments Corporation of India; Suresh Sethi, MD and CEO at NSDL e-Governance Infrastructure Ltd; Praveen Khandelwal, secretary general, Confederation of All India Traders and Kumar Rajagopalan, chief executive at Retailers Association of India. An additional secretary at the DPIIT will be the convenor of the advisory council. Interestingly, the council doesn’t have any member from key e-tailers.

“ONDC aims at a promoting open networks developed on open sourced methodology, using open specifications and open network protocols independent of any specific platform. ONDC is expected to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers,” the DPIIT said in a notification.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.


Source link

Bellie Brown
Bellie Brown
Hi my lovely readers, I am Bellie brown editor and writer of I write blogs on various niches such as business, technology, lifestyle., health, entertainment, etc as well as manage the daily reports of the website. I am very addicted to my work which makes me keen on reading and writing on the very latest and trending topics. One can check my more writings by visiting

Latest stories