CURRENT AFFAIRS

Detailed explanation-1: -Muskan Anand. Option [A] Ministry of Commerce and Industry : The Ministry of Commerce and Industry launched the pilot phase of the Open Network for Digital Commerce (ONDC).

Detailed explanation-2: -Open Network for Digital Commerce (ONDC), is an initiative of the Department of Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce, Government of India, to create a facilitative model to revolutionize digital commerce, giving greater thrust to penetration of retail e-commerce in India.

Detailed explanation-3: -The Open Network for Digital Commerce (ONDC) is a government-backed project which is aimed at enabling small merchants and mom-and-pop stores in parts of the country to access processes and technologies that are typically deployed by large e-commerce platforms.

Detailed explanation-4: -Open Network for Digital Commerce, abbreviated ONDC, is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of Government of India to develop open e-commerce.

Detailed explanation-5: -ONDC will not depend on a particular platform. It will give a chance to small retailers to sell their products on the shopping app. It aims to change the market from an operator-driven ecosystem to a facilitator-driven network. The authority to onboard the sellers will be taken away from e-commerce platforms to ONDC.