pioTV      Connecting India & Indian Diaspora   
  JOIN
Indian
Diaspora
Network
Home About pioTV News Stories Bollywood PIO / NRI Reports 16th PBD 2021 Featured Video Exclusive Interview Diaspora Network

India unveils indigenous One Network for Digital Commerce

India on April 29 launched its own Open Network for Digital Commerce (ONDC). The Indian government objective is to end the dominance of US companies in the fast-growing e-commerce market. The launch of the platform comes after India`s antitrust body on April 28 raided domestic sellers of Amazon and some of Walmart`s Flipkart following accusations of competition law violations. Indian retailers have long contended that Amazon and Flipkart`s platforms benefit a few big sellers, via predatory pricing, though the companies say they comply with all Indian laws. The government`s so-called ONDC platform will allow buyers and sellers to connect and transact with each other online, no matter what other application they use. It was soft-launched on April 29 to be expanded later. A government document said that 2 large multinational players controlled more than half of the country`s e-commerce trade, limiting access to the market, giving preferential treatment to some sellers and squeezing supplier margins. It did not name the companies though. The document said India`s ONDC plan aimed to onboard 30 million sellers and 10 million merchants online. The plan is to cover at least 100 cities and towns by August this year. It would focus on apps in local languages for both buyers and sellers, with a special emphasis on small merchants and rural consumers, the document said about the project. The government said it had already received support from retailers and venture capital firms. Lenders such as the State Bank of India, ICICI Bank, and Bank of Baroda have already committed total investments of 46.2 million Singapore dollars into ONDC.
Tweet
  • • Sri Lanka PM says economy extremely precarious
  • • Indian President holds bilateral talks with Jamaic
  • • 8.8 million Indians find employment in April 2022
  • • Indian monsoon arrives early
  • • Assam floods wreak havoc
  • • India wheat prices record high despite export ban
  • • India makes history, win men’s badminton title
  • • Modi in Nepal for Buddha Purnima
  • • Diaspora welcomes Indian President in Jamaica
  • • Mercury at 49°C as brutal heatwave sweeps North I
  • • Red alert in Kerala due to lashing rains
  • • Adani now adds cement to growing empire
  • • Ranil Wickremesinghe is 5th time PM of Sri Lanka
  • • Heatwave lashes Delhi
  • • Indian climber’s record, scales 2 high peaks in
  • • India test-fires extended range missile from fight
  • • India retail inflation at 7.79% in April 2022
  • • Rupee hits record low of 77.63 against Dollar
  • • India seeks reforms in WHO
  • • Tomato Flu found in Kerala
  • • Modi tributes to scientists on Pokhran anniversary
  • • India heads Asia Association of Election Authoriti
  • • Modi@20 book launched
  • • Lanka to take time to emerge from economic crisis
  • • Veteran santoor maestro Pt Shiv Kumar Sharma is de
  • • India a 365 days tourism destination
  • • Slain Indian photojournalist, 3 others get 2022 Pu
  • • 80,000 pilgrims visit Kedarnath Dham on 5th day
  • • Indian Rupee recovers to 77.32 against US Dollar
  • • Violence abates, protestors want new Lanka Govt
  • • Viral video of PM Modi with a child in Berlin
  • • Mumbai airport closed for 6 hours on May 10
  • • Delhi world’s second busiest airport in March
  • • COVOVAX vaccine for Indian children 12-17 years
  • • Modi says no winner in Russia-Ukraine conflict
  • • India unveils indigenous One Network for Digital C
  • • India prepares to celebrate Eid
  • • India unemployment rate rises
  • • Relief expected from heatwave in North India
  • • India fears 4th wave as COVID cases rise
Bollywood
Bollywood
Bollywood

Diaspora Events

Pravasi Bharatiya Conference on Youth
9th Janaury, 2022 | |

Convergence India Expo
23-25 March, 2022 | |

WINTER MEDICAL CONFERENCE 2022
18-20 MARCH, 2022 | |

AAPI FAMILY TOUR TO GREENLAND/JAPAN
February 22 to March 1, 2022 | |

[ read more ]

Home  |  About  |  Contact  |  Disclaimer  |  Privacy Policy
2015 © pioTV   All Rights Reserved