What is Open Network Digital Commerce?

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About Open Network Digital Commerce

It is an open-source network set up to enable buyers and sellers to transact with each other irrespective of the e-commerce platform on which either of them are registered.
It will enable local commerce across segments, such as mobility, grocery, food order and delivery, hotel booking and travel, among others, to be discovered and engaged by any network-enabled application.
It is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.
Purpose
- To promote open networks for all aspects of exchange of goods and services over digital or electronic networks.
- To create new opportunities, curb digital monopolies and by supporting micro, small and medium enterprises and small traders and help them get on online platforms.
- It seeks to democratise digital or electronic commerce, moving it from a platform-centric model to an open-network.
Benefits:
- It offers small retailers an opportunity to provide their services, and goods to buyers across the country through an e-commerce system.
- It enables merchants to save their data to build credit history and reach consumers.
- It is expected to digitise the entire value chain, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers.
- ONDC protocols would standardize operations like cataloguing, inventory management, order management and order fulfilment.

Q1) What is a Fair Price Shop?

It means a shop which has been licensed to distribute essential commodities by an order issued under section 3 of the Essential Commodities Act, 1955, to the ration card holders under the Targeted Public Distribution System;

Source: Govt lists fair price shops on ONDC