Important Current Affairs 22nd November 2020

National

PM lays the foundation stone of rural drinking water supply projects in Vindhyachal region of Uttar Pradesh

• Prime Minister Narendra Modi laid the foundation stone of rural drinking water supply projects in Mirzapur and Sonbhadra districts of Vindhyachal region in Uttar Pradesh on 22 November 2020 via video conference.

• The total estimated cost of the projects is around Rs 5,555.38 Crore.

• The projects are planned to be completed in 24 months.

• It will provide household tap water connections in all rural households of 2,995 villages and will benefit about 42 lakh population of these districts.

Banking and Economy

Indian students contributed over $7 billion to US economy in 2019-20

• According to the report “Opens Doors 2020“, Indian students contributed USD 7.6 billion to the US economy in the academic year 2019-20, even though there was a 4.4 per cent drop in the total number of Indian students.

• China remained the largest source of international students in the US, with the number of Chinese students in the country increasing for the 16th consecutive year. There were over 372,000 Chinese students in the U.S. during 2019-20 year.

• According to the report, released by the US Department of State’s Bureau of Educational and Cultural Affairs and the Institute of International Education (IIE), for the fifth consecutive year the United States hosted more than 1 million international students (1,075,496) in an academic year.

Awards

Naseeruddin Shah honoured with Aditya Vikram Birla Kalashikhar Puraskar

• Veteran actor Naseeruddin Shah has been honoured with the 2020 Aditya Vikram Birla Kalashikhar Puraskar at annual Sangit Kala Kendra Awards.

•  Alongside, two emerging stars, in the firmament of theatrics – Neel Choudhary and Irawati Karnik were awarded the Aditya Vikram Birla Kalakiran Puraskars. “Theatre” is the central theme, for this year’s awards.

Acquisitions and Mergers

RBL Bank selects Amazon Web Services to drive digital transformation

• RBL Bank has selected Amazon Web Services (AWS) as its preferred cloud service to drive digital transformation. At present, around 40 per cent of the bank’s mission-critical applications are on the cloud.

• The bank first migrated its corporate website to AWS cloud and with the experience gained initiated a 10-in-10 project (a complete migration of 10 applications in 10 days).

• The bank chose AWS for its commitment to security and highly reliable global infrastructure.

Ranking

Hong Kong, Zurich, and Paris most expensive cities in EIU’s Worldwide Cost of Living (WCOL) Index

• The Economist Intelligence Unit (EIU) has released its biannual ‘Worldwide Cost of Living (WCOL)’ report of the World’s Most Expensive Cities in 2020, based on their cost of living.

• Hong Kong, Paris and Zurich shares the top spot as the most expensive cities in the list, which comprises of 133 cities.

• The report took into account the price of 138 items, used in every day for survival, and the falling or rising value of that country’s currency due to C-19 to rank the cities accordingly.