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Sunday, September 25, 2022
India's fighter jet grabs international attention; Australia, Philippines, US interested in Tejas
Thursday, September 22, 2022
In-Depth: Places of Worship Act |
Cheetah Returns
In-Depth: Reservation in India
The Journey Of Startups | Journey of AlaMirap
Green Finance
World@360 degree | Is the United Nations Ineffective?
Sunday, September 11, 2022
Kartavya Path
Artificial Intelligence
Friday, September 9, 2022
PM Modi's speech at inauguration of 'Kartavya Path' in New Delhi
ONDC Explained: Understanding The 'UPI Of E-Commerce'
Wednesday, September 7, 2022
Nandan Nilekani - Future of Digital Commerce with ONDC
ONDC – Transforming Digital Commerce in India
What is ONDC?
Open Network for Digital Commerce or ONDC is India’s alternative to the global giants like Walmart and Amazon. It is a government, non-profit initiative that will promote the use of open networks for e-commerce activities. Technically, it is a protocol that will need to be adopted by technology companies that support MSMEs.
It will curb digital monopolies and standardize the onboarding of retailers on digital e-commerce platforms.
Features of ONDC
- Non-exclusive, non-rivalrous public infrastructure
- Open network
- Voluntary and flexible adoption
- Equal access
UPI - Payment revolution
— Abhishek Murarka 🥧💹 (@abhymurarka) May 5, 2022
Account Aggregator: Lending/ Wealth revolution
OCEN: MSME revolution
ONDC: E-com revolution
The future generations will remember Nandan Nilekani as the builder of modern India.
ONDC: A win-win for all!
— Piyush Goyal (@PiyushGoyal) September 7, 2022
India’s home-grown, one of its kind e-Commerce network ONDC is all set to open its doors to all, offering new avenues for buyers and democratising & expanding reach for sellers.
📖 https://t.co/uTheTQPwiA pic.twitter.com/YWtg9HQIjj
What does ONDC Want to Achieve?
Just like UPI changed payment in India, ONDC will transform the e-commerce experience for sellers and consumers.
- ‘Democratize’ digital commerce and move it away from platform-centric models like Walmart, Flipkart, and Amazon.
- Ending monopolies of Amazons and Flipkarts of the e-commerce industry.
- Inclusivity and access for SMEs and MSMEs.
- Empower consumers with more choices.
- Enable more sellers to be on digital platforms.
- Transactions will go through an open network.
- Breakaway from the existing silos by empowering merchants and consumers.
We’re on the brink of a world-beating retail revolution. This will democratize e-commerce, liberating us from the dominance of a few giants & empowering millions of small shop owners. We should all support this. Bravo @NandanNilekani @narendramodi https://t.co/TY2clDNIxS
— anand mahindra (@anandmahindra) April 30, 2022
India's GDP Growth Will Be More Constrained Next Year
The lagging impact of monetary policy actions and interest rate hikes, both across the world and in India, are going to hit India's GDP growth in 2023, cautions Dharmakirti Joshi, chief economist at rating agency CRISIL
India's latest gross domestic product (GDP) numbers indicate 13.5% growth during the April to June 2022 quarter. How does this compare with GDP growth in previous years, particularly before and after the Covid-19 pandemic disruption?
To help us understand the new GDP numbers in this context, LISTEN Dharmakirti Joshi, chief economist at rating agency CRISIL.
India's Economic Growth
Indian economy surpasses UK's, beats GDP in nominal cash terms
Sunday, September 4, 2022
The Technology Centers set up by the Ministry of MSME
The Technology Centers set up by the Ministry of MSME play a crucial role in providing practical skill development training to unemployed youth and industry workforce.#MSME #KVIC #NSIC #COIRBOARD #SCSTHUB#AmritMahotsav pic.twitter.com/1H6j9cSm0J
— Ministry of MSME (@minmsme) September 2, 2022