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Daily Current Affairs – 2020

Topic: For Prelims and Mains

Economic Freedom Index 2021

Why in News?

Singapore ranked first in the Economic Freedom Index 2021.

  • The Heritage Foundation, a think tank of US, has released the Economic Freedom Index2021.
  • Singapore has topped in the Economic Freedom Indexfor the second consecutive year. It has improved its score due to improvement in government spending.
  • In the Economic Freedom Index 2021, New Zealand is in second place with 83.9 points, Australia is in third place with 4 points, Switzerland is in the fourth position with 81.9 points and Ireland is in fifth position with 81.4 points.
  • For the first, Hongkonghas been excluded from this ranking. According to the Heritage Foundation, the economic policies of Hong Kong are now under the direct control of China.
  • Indiahas been ranked in the 121st position in the 2021 Index, with a score of 56.5 points.
  • India is in the 26thPosition among Asia-Pacific countries. India has improved its score in business freedom.

Economic Freedom Index:

  • It was started by Heritage Foundation in 1995.
  • It is a medium for analyzing the economy of 184 countries.
  • It is based on the 12 indicators classified into four categories. The categories are:
    • Rule of law
    • Size of government
    • Regulatory efficiency
    • Open markets

Facts For Prelims :

 Rajinikanth has been conferred with the Dadasaheb Phalke Award for the year 2019.

About the Award:

  • Dadasaheb Phalke Award is the highest award in Indian Cinema. The award is given annually at the National Film Awards ceremony.
  • The Dadasaheb Phalke Award was introduced in 1969 to recognise the contribution of film personalities towards the development of Indian Cinema.
  • The award is named after Dhundiraj Govind Phalke, who made the first Indian Feature film Raja Harishchandra in 1913.
  • The award comprises of a Swarna Kamal, a cash Prize of Rupees Ten Lakhs, silk scroll and a shawl.


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