CURRENT AFFAIRS

Detailed explanation-1: -Union Minister Piyush Goyal has virtually kicked off a three-day Grand Hackathon that the Open Network for Digital Commerce (ONDC) is hosting in association with NABARD.

Detailed explanation-2: -A three-day “Grand Hackathon” organized by the Open Network for Digital Commerce (ONDC) in collaboration with NABARD, was launched by Union Minister Piyush Goyal on 1 July 2022.

Detailed explanation-3: -NABARD in association with ONDC organized a grand hackathon, to bring solutions for providing ecommerce for produce of the Producer Organisations, products through ONDC platform. Around 700 Startups registered, in which more than 300 Startups participated.

Detailed explanation-4: -CM launches Hackathon 2022, hails India’s ‘centuries-old’ ties with Africa.

Detailed explanation-5: -Notably, ONDC is a Government of India initiative that aims to build an open network for buyers and sellers to democratise the current e-commerce ecosystem in the country. It is also very crucial in democratizing the agri-value chain and ensuring the digital transformation of agri sector, as was stated by Shri Goyal.