Banking, Finance & Economy Current Affairs Quiz – November 14, 2022

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Haryana has received the ‘India Agribusiness Awards 2022’ in the best state category for their contribution in the areas of agriculture.

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The Bharat Sanchar Nigam Ltd (BSNL) has received the central government’s nod to go ahead with Rs 26,281 crore deal with Tata Consultancy Services (TCS), paving its way to launch 4G services in India. As reported by Economic Times (ET), TCS will set up the 4G lines and maintain the network for nine years.

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National Investment and Infrastructure Fund Limited (NIIFL) has signed an MoU with Japan Bank for International Cooperation (JBIC) to promote and enhance Japanese investments in India.

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The Union Minister of Power and New and Renewable Energy, RK Singh, launched the Green Energy Open Access Portal. The primary objective of this web portal will be to promote and enhance affordable, reliable, sustainable, clean, and green energy sources. This is in accordance with the Electricity (Promoting Renewable Energy through Green Energy Open Access) Rules 2022, which were introduced in June 2022 by the Ministry of Power. The Power System Operation Corporation Limited (POSOCO) designed and developed the portal. The stakeholders, viz., traders, power exchanges, open access participants, central/state transmission utilities, etc., will be able to access the web portal to process green energy open access applications. It will allow any consumer with a load limit of 100 kW to access green power through a transparent and uniform procedure.

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HDFC Bank partnered with Arzooo to launch customised purchase cards designed exclusively for small and mid-sized retailers. The objective of this partnership is to roll out over 1 lakh purchase cards in the next 12 months. The purchase cards are aimed at providing easy access to the untapped Tier-II and Tier-III markets. These purchase cards will offer interest-free credit for up to one month and a credit limit of INR one crore.