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2000 notes will be deposited and exchanged in banks from today, govts. new e-commerce platform ONDC
ਦੁਆਰਾ JANTV RAJASTHAN| 141 ਵਿਚਾਰ
#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.
It was incorporated on 31 December 2021 with initial investment from Quality Council of India and Protean eGov Technologies Limited, formerly NSDL e-Governance Infrastructure Limited. ONDC is a set of specifications designed to foster open interchange and connections between shoppers, technology platforms, and retailers.
ONDC will unbundle delivery services so that customers can choose their own logistics provider. As many as 20 organisations of national repute have confirmed investments of Rs 255 crore into ONDC. Lenders such as the State Bank of India, UCO Bank, HDFC Bank, ICICI Bank and Bank of Baroda have already committed investments.
The initiative is aimed at suppressing the dominance of Amazon and #Flipkart, which control more than half of the country’s e-commerce trading, limit access to the market, and give preferential treatment to certain sellers and squeeze supplier margins. ONDC is a set of standards for voluntary adoption by sellers or logistics providers or payment gateways.
For example, if both Amazon and Flipkart integrate their platforms with ONDC, a user searching for a Bluetooth headset on Amazon would also see results from Flipkart on the Amazon app. ONDC aims to go beyond retail ecommerce, however, and similarly connect companies in areas such as mobility, food delivery, hotel booking and travel, among others.
On ONDC, there will be several other backend partners such as logistics service providers, enterprise resource planners, e-commerce store hosting service providers, etc.
#Paytm has joined the ONDC platform as a buyer, and Reliance-backed Dunzo is offering logistics services for hyperlocal deliveries. According to the ONDC website, companies like Kotak, PhonePe, Zoho and Snapdeal are in the “advanced stage
ਦੁਆਰਾ VARINDIA| 24 ਵਿਚਾਰ
By “unbundling” the transaction into separate micro-services, different entities are able to pick up and carry out different services. If successful, it will help weaken the monopolistic hold of #Amazon and #Flipkart – which dominate 63% of ecommerce in India, increase competition and accelerate growth. Nandan Nilekani, the architect of the India Stack and part of #ONDC’s advisory council, calls it the “most exciting business transformation happening in the world”.
To begin with, it would require the participation of all players. Buyers and buyer applications, sellers and seller applications; logistics players; and payment partners. ONDC was initially projected as a platform to take on Amazon’s and Flipkart’s of the world to reduce their dominance and democratise e-commerce in India.
At the moment, Paytm is the only buyer application from where buyers can log into the ONDC network to make a purchase, that is part of the network. Amazon, Flipkart and Meesho are in talks with ONDC, but they are still not part of the network.
Snapdeal has been in the news for becoming the “first e-commerce marketplace to debut on ONDC” but they have joined from the seller side, not the buyer side. This means that sellers on Snapdeal can also sell on ONDC to customers browsing from other platforms like Paytm. However, buyers on Snapdeal cannot enter the ONDC network through the company’s platform.
The aim of ONDC is to increase the gross merchandise value (GMV) of digital transactions from Rs 4.5 trillion annually to over Rs 7.5 trillion. It is also to expand coverage of retailers using digital commerce from 15,000 to more than 2 million in the next five years. It wants to expand the number of Indians using e-commerce from 90 million users to over 250 million.
But a question remains unanswered - on ONDC’s financial viability: Will ONDC also take the path that UPI took of 0% merchant discount rate?
So far there is no commission or cha
ਦੁਆਰਾ VARINDIA| 26 ਵਿਚਾਰ
Today, the new age technologies such as #ArtificialIntelligence, Machine Learning, Virtual Reality, and others are already playing an incremental role to pave the way for future-ready, progressive innovations within the new-age commerce and shopping ecosystem. Furthermore, such technological advances are also allowing for optimized product discovery,
#ONDC, a non-profit initiative and platform backed by the Government of India with the aim to democratize new-age commerce, is a commendable endeavour wherein individual local sellers, vendors and small-to-medium- sized retail shop owners or merchants, can register themselves through a public digital infrastructure that will facilitate free flow of goods and services and then buyers can discover them across the nation easily.
The main purpose of ONDC is to create a level playing field for small and medium merchants and traders otherwise dominated by some of the big e-commerce players in India. ONDC will systematically work to integrate small and medium merchants into the digital network - who otherwise are bereft of the benefits of digital commerce and capture the larger market, finding new ways to deliver a smooth shopping experience.
With this there is significant increase in the visibility of the sellers, and allowing them to carry transactions irrespective of what platform they use, ONDC is bound to bring a plethora of opportunities for the local retail industry players in our country.
Business magnets like Amazon, Flipkart, Tata, and Reliance are already dominating the e-commerce market of India. ONDC aims to ‘curb digital monopolies’ by creating new opportunities as well as providing a direction for creating a platform that can be used by all online retailers. ONDC aims to provide equal opportunity for all players without challenging the existing e-commerce companies.
When it comes to the retail sector, ONDC will be working to make improvements across the value chain s
ਦੁਆਰਾ VARINDIA| 18 ਵਿਚਾਰ
India is moving ahead with Open Network for Digital Commerce (ONDC) to provide an e-marketplace alternative to proprietary e-commerce.
The Indian E-Commerce Industry is valued at around 40 billion. The industry is still in its nascent stage. However, Indian digital consumerism is growing at a faster speed and is expected to reach $200 billion by 2027.
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. It is being developed as a counter to the current duopoly in the Indian e-commerce market which is largely dictated by Amazon and Walmart-owned Flipkart.
For the uninitiated, ONDC is a platform-agnostic e-commerce system, wherein all kinds of vendors, sellers, and merchants (big and small) can display their offerings. With ONDC, India envisions a truly decentralized, coherent, and integrated system for e-commerce, which can be used by everyone.
When a buyer searches for an item on the Paytm app, from where ONDC has gone live, the app will connect to the ONDC platform, which will connect it to seller side interfaces that will list all the companies from where you can buy the particular item. On ONDC, there will be several other backend partners such as logistics service providers, enterprise resource planners, e-commerce store hosting service providers, etc.
As per the government estimates, ONDC will be deployed in 100 Indian cities by October 2022. It will directly positively impact 30 million sellers and 10 million vendors. It will also help the buyers by giving them a more democratized digital platform and finding better bargains and options.
ONDC’s reach will be far and wide. It would not just be limited to general retail, grocery, etc. It can also entail visible shifts in lifestyle reta
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2000 notes will be deposited and exchanged in banks from today, govts. new e-commerce platform ONDC
ਦੁਆਰਾ JANTV RAJASTHAN| 141 ਵਿਚਾਰ
#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.
It was incorporated on 31 December 2021 with initial investment from Quality Council of India and Protean eGov Technologies Limited, formerly NSDL e-Governance Infrastructure Limited. ONDC is a set of specifications designed to foster open interchange and connections between shoppers, technology platforms, and retailers.
ONDC will unbundle delivery services so that customers can choose their own logistics provider. As many as 20 organisations of national repute have confirmed investments of Rs 255 crore into ONDC. Lenders such as the State Bank of India, UCO Bank, HDFC Bank, ICICI Bank and Bank of Baroda have already committed investments.
The initiative is aimed at suppressing the dominance of Amazon and #Flipkart, which control more than half of the country’s e-commerce trading, limit access to the market, and give preferential treatment to certain sellers and squeeze supplier margins. ONDC is a set of standards for voluntary adoption by sellers or logistics providers or payment gateways.
For example, if both Amazon and Flipkart integrate their platforms with ONDC, a user searching for a Bluetooth headset on Amazon would also see results from Flipkart on the Amazon app. ONDC aims to go beyond retail ecommerce, however, and similarly connect companies in areas such as mobility, food delivery, hotel booking and travel, among others.
On ONDC, there will be several other backend partners such as logistics service providers, enterprise resource planners, e-commerce store hosting service providers, etc.
#Paytm has joined the ONDC platform as a buyer, and Reliance-backed Dunzo is offering logistics services for hyperlocal deliveries. According to the ONDC website, companies like Kotak, PhonePe, Zoho and Snapdeal are in the “advanced stage
ਦੁਆਰਾ VARINDIA| 24 ਵਿਚਾਰ
By “unbundling” the transaction into separate micro-services, different entities are able to pick up and carry out different services. If successful, it will help weaken the monopolistic hold of #Amazon and #Flipkart – which dominate 63% of ecommerce in India, increase competition and accelerate growth. Nandan Nilekani, the architect of the India Stack and part of #ONDC’s advisory council, calls it the “most exciting business transformation happening in the world”.
To begin with, it would require the participation of all players. Buyers and buyer applications, sellers and seller applications; logistics players; and payment partners. ONDC was initially projected as a platform to take on Amazon’s and Flipkart’s of the world to reduce their dominance and democratise e-commerce in India.
At the moment, Paytm is the only buyer application from where buyers can log into the ONDC network to make a purchase, that is part of the network. Amazon, Flipkart and Meesho are in talks with ONDC, but they are still not part of the network.
Snapdeal has been in the news for becoming the “first e-commerce marketplace to debut on ONDC” but they have joined from the seller side, not the buyer side. This means that sellers on Snapdeal can also sell on ONDC to customers browsing from other platforms like Paytm. However, buyers on Snapdeal cannot enter the ONDC network through the company’s platform.
The aim of ONDC is to increase the gross merchandise value (GMV) of digital transactions from Rs 4.5 trillion annually to over Rs 7.5 trillion. It is also to expand coverage of retailers using digital commerce from 15,000 to more than 2 million in the next five years. It wants to expand the number of Indians using e-commerce from 90 million users to over 250 million.
But a question remains unanswered - on ONDC’s financial viability: Will ONDC also take the path that UPI took of 0% merchant discount rate?
So far there is no commission or cha
ਦੁਆਰਾ VARINDIA| 26 ਵਿਚਾਰ
Today, the new age technologies such as #ArtificialIntelligence, Machine Learning, Virtual Reality, and others are already playing an incremental role to pave the way for future-ready, progressive innovations within the new-age commerce and shopping ecosystem. Furthermore, such technological advances are also allowing for optimized product discovery,
#ONDC, a non-profit initiative and platform backed by the Government of India with the aim to democratize new-age commerce, is a commendable endeavour wherein individual local sellers, vendors and small-to-medium- sized retail shop owners or merchants, can register themselves through a public digital infrastructure that will facilitate free flow of goods and services and then buyers can discover them across the nation easily.
The main purpose of ONDC is to create a level playing field for small and medium merchants and traders otherwise dominated by some of the big e-commerce players in India. ONDC will systematically work to integrate small and medium merchants into the digital network - who otherwise are bereft of the benefits of digital commerce and capture the larger market, finding new ways to deliver a smooth shopping experience.
With this there is significant increase in the visibility of the sellers, and allowing them to carry transactions irrespective of what platform they use, ONDC is bound to bring a plethora of opportunities for the local retail industry players in our country.
Business magnets like Amazon, Flipkart, Tata, and Reliance are already dominating the e-commerce market of India. ONDC aims to ‘curb digital monopolies’ by creating new opportunities as well as providing a direction for creating a platform that can be used by all online retailers. ONDC aims to provide equal opportunity for all players without challenging the existing e-commerce companies.
When it comes to the retail sector, ONDC will be working to make improvements across the value chain s
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On Bigg Boss 17 we have seen the fastest wild card entries and these would only cause lots of fireworks on the show. Now as Samarth Jurel, who is Isha Malviya's boyfriend, enters the BB17 house as a contestant, he spoke to Bollywood Bubble's host Nawaz Kochra. From exposing the violence Abhishek Kumar inflicted on Isha to sharing how Isha's ex used to slap her and cause her harm. He even confirmed their relationship and shared how seeing Isha getting close to Abhishek left him heartbroken. Commenting on Isha being Ankita Lokhande's shadow, Samarth also explained how his entry will change the dynamics on the show. Watch this explosive interview here!
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Isha Malviya’s boyfriend Samarth Jurel exposes her ex Abhishek Kumar & his violence | Bigg Boss 17
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Soniya Bansal, the first contestant to get eliminated from Salman Khan’s Bigg Boss 17, recently sat down for a candid conversation with Bollywood Bubble host Rashita Sahni. The actress slammed Isha Malviya for sharing her bed with ex-boyfriend Abhishek Kumar despite being in a relationship with Samarth Jurel. She called out Mannara Chopra for using sisters Priyanka Chopra & Parineeti Chopra to get fame outside the BB house. Soniya also spoke about Munawar Faruqui’s inappropriate touch, Vicky Jain’s toxic behaviour towards wife Ankita Lokhande and Salman Khan’s biased behaviour on Weekend Ka Vaar. Watch the full interview here!
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Soniya Bansal slams Isha Malviya’s relationship with Abhishek-Samarth & Vicky Jain’s toxic behaviour
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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 Dikhenge
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Shahid Kapoor ने Wife को विश किया Birthday :बोले- तुम मेरे दिल की रानी हो, Share कीं तस्वीरें
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Bigg Boss 17 LATEST VOTING Trend | Kaun Hoga Ghar Se Beghar? | Isha, Samarth, Manasvi, Sana, Arun
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Bigg Boss 17 LATEST VOTING Trend | Kaun Hoga Ghar Se Beghar? | Isha, Samarth, Manasvi, Sana, Arun
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Bigg Boss 17 LIVE | Tissue Ko Lekar Isha Ne Samarth Se Kiya Jhagda
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Bigg Boss 17 LIVE | Tissue Ko Lekar Isha Ne Samarth Se Kiya Jhagda
ਦੁਆਰਾ Bollywood Spy| 115 ਵਿਚਾਰ
It's time we celebrate ourselves and get high on self-love! Introducing you to Bollywood Bubble's brand new show 'BodyFaming'. A show that talks about loving your body, smashing age-old beauty norms and being comfortable in your own skin. Watch host Rashita Sahni get up close and personal with Bhumi Pednekar, Nawazuddin Siddiqui, Fatima Sana Shaikh, Mona Singh, Sobhita Dhulipala & Dolly Singh about dealing with body-shaming, getting over their inner insecurities and self-doubt and standing by the mantra - 'my body my rules'! Episodes drop every Tuesday at 2 PM only on Bollywood Bubble. Watch out.
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BodyFaming Trailer:Bhumi Pednekar, Nawazuddin Siddiqui, Fatima Shaikh, Mona Singh, Sobhita & Dolly S
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Bhumi Pednekar recently appeared in the comedy Thank You For Coming and the film invited some extreme reactions from the viewers. While some praised the film for its bold concept, some shamed it for that. In an exclusive conversation with Bollywood Bubble host Akash Bhatnagar, Bhumi spoke about the latter group of people and slammed them for the shaming. She expressed her disappointment towards people who didn’t criticise the film but its intent. The actress discussed the prevalent gender bias and how people never took offence when she was a part of such stories told from a male perspective. She pointed out how Pankaj Tripathi and Akshay Kumar starrer OMG 2 was supported by the same people who shamed her film, when somewhere they dealt with the same subject. Bhumi revealed if not getting any support from women within the industry disappointed her. She highlighted the hypocrisy of the situation that people accept objectification of women but have a problem with them talking about their sexuality. You can watch the entire conversation here.
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Bhumi Pednekar on reaction to Thank You For Coming, OMG 2, lack of gender equality, viewer hypocrisy
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Tiger 3 Movie Gets 7 Am First Show On November 12
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Bigg Boss 17 OPENING VOTING Trend | Kaun Hoga Ghar Se Beghar?
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Bigg Boss 17 OPENING VOTING Trend | Kaun Hoga Ghar Se Beghar?
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