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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
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.