DPIIT sets up 9-member panel to curb Digital Monopolies

WHY IN NEWS?

• The Central Government has formed a nine-member panel for the development of an Open Network for Digital Commerce (ONDC), designed to curb digital monopolies.
• This ONDC project is initiated by the Department of Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry and will be implemented by the Quality Council of India (QCI).
• The nine-member committee of ONDC will advise the Government of India on measures needed to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers, among other things.