CURRENT AFFAIRS

Detailed explanation-1: -A nine-member advisory council has been constituted to advise the government on measures needed to design and accelerate the adoption of ONDC.

Detailed explanation-2: -The nine-member committee of ONDC will advise the Government of India on measures needed to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers, among other things.

Detailed explanation-3: -Nandan Nilekani, the non-executive Chairman of IT giant Infosys, has been named by the Centre to a nine-member panel to curb digital monopolies. The committee aims to, among other things, promote open networks and digitise value chains, and enhance value for consumers, a government order said today.

Detailed explanation-4: -ONDC’s focus on building a community where users can discover and buy hand-picked products by Indian brands gives it an edge. Similar to UPI, ONDC would function as a non-profit corporation to draw sellers who would otherwise pay substantial sums in commissions to other e-commerce platforms.

Detailed explanation-5: -It is an initiative aimed at promoting open networks for all aspects of exchange of goods and services over digital or electronic networks. ONDC is to be based on open-sourced methodology, using open specifications and open network protocols independent of any specific platform.