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Pace of change in digital era will accelerate economic growth between India and Africa: Dharmendra Pradhan, Minister of Skill Development and Entrepreneurship & Education, GoI
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ONDC to end e-commerce monopolistic practices, ensure data privacy: Piyush Goyal
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India can bite into the global AI pie: ETILC members
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Nandan Nilekani (Pradeep Gaur/Mint via Getty Images)
Celebrated technocrat and Infosys chairman Nandan Nilekani is set to join the government s panel for accelerating the development of an open network for digital commerce (ONDC), designed to curb digital monopolies, reports
Livemint.
Infosys co-founder and chairman, Nilekani will serve on the said panel along with eight other members whose job will be to promote open networks and digitise value chains and enhance value for consumers, among other things.
The ONDC project has been initiated by the Department of Promotion of Industry and Internal Trade (DPIIT). As per DPIIT s statement, ONDC is expected to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiencies in logistics, and enhance value for consumers.
The Securities Appellate Tribunal (SAT) has stayed the Rs 6 crore penalty that markets regulator Sebi had imposed on NSE for allegedly investing in firms unrelated to the stock exchange business. Securities and Exchange Board of India (Sebi),in October, levied a fine of Rs 6 crore on National Stock Exchange (NSE) for allegedly investing in six companies unrelated or non-incidental to the stock exchange business. The six entities are CAMS and Power Exchange India Ltd (PXIL), NSEIT Ltd, NSDL E-Governance Infrastructure Ltd (NEIL), Market Simplified India Ltd (MSIL) and Receivables Exchange of India Ltd (RXIL). The noticee (NSE) had engaged, directly and/or through its wholly-owned subsidiary NSICL, in activities that are unrelated/non-incidental to its activities as a stock exchange by way of acquisition of stakes in PXIL, CAMS, NSEIT Limited, NEIL, MSIL, and RXIL without seeking approval of Sebi, the regulator had said in its order.