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Democratisation of e-commerce is the need of the hour
The proposed Open Network for Digital Commerce (ONDC) is incorporated as a private non-profit (Section-8) company to establish the public digital infrastructure needed to expand access to India’s e-commerce ecosystem – and is expected to bring a US$200 billion opportunity by 2027. The Indian government hopes it will democratize the country’s online commerce for all buyers and sellers, irrespective of their size, so that millions of small retailers and mom-and-pop (kirana) stores get an equal opportunity. India is keen to level the playing field for e-commerce operators and widen the digital market access for millions of small businesses and traders in the country. The duopoly of Amazon and Walmart-Flipkart will end. This could be ecommerce’s UPI moment. The Unified Payments Interface (UPI) has become a symbol of India’s ability to roll out world-class solutions in digital technology. In 2021-22, 46 billion transactions valued at Rs 84 lakh crore were made on UPI. A pilot phase of the ONDC protocol was recently launched in five cities, in the country, now it is closely involved in the development of ONDC, along with a team of technocrats and government officers, Nilekani has drawn praise for the initiative from diverse quarters, including Anand Mahindra, Chairman of Mahindra and Mahindra. After UPI (Unified Payment Interface), it is said to be another game changing idea to democratise commerce - ONDC to select consumers, sellers and logistics providers. The project is massive and it is expected to bring a world of choice, convenience and transparency.
India's long-term consumption and retail growth drivers are expected to provide a strong foundation for future growth. There was a need for building cost-efficient and technology-enabled operations and partnerships would be key to success in the days to come. Experts say, End-to-end testing is being done to create a playbook with an aim to launch it in 100 cities in six months [by October 2022]. ONDC is bBy VARINDIA| 21 views
Growing semiconductor shortage remains a global concern
#cryptocurrencybill #AshwiniVaishnaw #Accenture
Global Semiconductor supply crunch
Semiconductors, or chips, have properties that are somewhere between conductors and insulators. Usually made of silicon, they are used to power a wide range of devices - cars, laptops, smartphones, household appliances and gaming consoles. These semiconductors perform a host of functions such as powering displays and transferring data. So, a supply crunch has a consequent impact on sales of cars, fridges, laptops, TVs and other electronic devices. In India, the number of investors in cryptocurrencies has rapidly grown over the past year, and is now distorting how semiconductors are used. Global leaders and executives at multinational corporations are worried about the global shortage of semiconductors which has hit manufacturing and sales in numerous countries and no early solution is in sight. The unforeseen situation is not expected to improve anytime soon, and supply constraints could potentially continue into 2023. Though companies are on a war footing to ramp up production, the problem will likely worsen before reaching a resolution. Intel's chief executive, Pat Gelsinger, recently warned that the worst is yet to come. The surge in sales for electronic devices during the pandemic created a huge demand for semiconductors. But COVID-19 is not the only factor behind the shortage. The chip shortage has now become a talking point not just between companies and governments, but also between leaders of countries. Western countries have expressed a need to shift manufacturing within their countries and become self-reliant.
Another key reason is the tense relationship between the United States and China is also a factor, since many US companies do business with Chinese companies. For instance, Huawei, which supplied to American chip makers, has been blacklisted by the US government. Production of laptops, tablets, smartphones and other electronic devices haBy VARINDIA| 28 views
Anand Mahindra predicts a happy new year for Motown
Anand Mahindra, the chairman of the homegrown auto group Mahindra & Mahindra, on Wednesday predicted a recovery in the auto sector. "Auto sector is hoping a fruitful year after April 2020, when new emission norms will come into play," said the industry stalwart. Mahindra said the smiles have returned to the faces of automakers and sales should pick up by April. He said that October's retail sales look extremely positive for Motown, demand is expected to rise for tractors after March.
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Watch Anand Mahindra predicts a happy new year for Motown With HD QualityBy The Economic Times| 132 views
Share Bazar की तेजी पर ब्रेक | Share market Updates | Nifty | Sensex | stock market news | #DBLIVE
Share Bazar की तेजी पर ब्रेक | Share market Updates | Nifty | Sensex | stock market news | #DBLIVE
लगातार पांच दिन की मजबूती के बाद आज सेंसेक्स की उड़ान पर ब्रेक लग गया... नकारात्मक वैश्विक संकेत और अधिकांश सेक्टरों में आई कमजोरी के कारण सेंसेक्स और निफ्टी में गिरावट देखी गई.... और बंबई स्टॉक एक्सचेंज का सेंसेक्स 134 अंक और नेशनल स्टॉक एक्सचेंज का निफ्टी 39 अंकों की कमजोरी के साथ बंद हुआ...
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S P Shukla,President-Special Projects-Mahindra & Mahindra Ltd at India Economic Summit,2011
Watch S P Shukla,President-Special Projects-Mahindra & Mahindra Ltd at India Economic Summit,2011 With HD Quality
By CII| 356 views
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क्या इजराइल, फिलिस्तीन और हमास का युद्ध विश्व युद्ध की ओर जा रहा है ? || SudarshanNews
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Amit Shah के बयान पर Congress ने किया पलटवार | Randeep Singh Surjewala | Madhya Pradesh | #dblive
Amit Shah के बयान पर Congress ने किया पलटवार | Randeep Singh Surjewala | Madhya Pradesh | #dblive
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Amit Shah के बयान पर Congress ने किया पलटवार | Randeep Singh Surjewala | Madhya Pradesh | #dbliveBy DB Live| 41 views
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IRCTC 11
CRPF signed an MoU with the IRCTC on Railway Reserved e-ticketing system
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Bigg Boss 17 WKW Update | Karan Kundra Ki Hogi Entry, Salman Ke Samne Dikhenge
Bigg Boss 17 WKW Update | Karan Kundra Ki Hogi Entry, Salman Ke Samne Dikhenge
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Bigg Boss 17 WKW Update | Karan Kundra Ki Hogi Entry, Salman Ke Samne DikhengeBy Bollywood Spy| 145 views
India observes Independence Day with patriotic fervour
Prime Minister Narendra Modi
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India observes Independence Day with patriotic fervourBy PMOfficeIndia| 248620 views
Blatant Violation of model code of conduct in Odisha
Blatant Violation of model code of conduct in Odisha
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Manali Himachal Pradesh | टूरिज्म इंडस्ट्री में खुशी,जन-जीवन अस्त-व्यस्त, मनाली में भारी बर्फवारी
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Manali Himachal Pradesh | टूरिज्म इंडस्ट्री में खुशी,जन-जीवन अस्त-व्यस्त, मनाली में भारी बर्फवारीBy JANTV RAJASTHAN| 0 views
