CURRENT AFFAIRS

Detailed explanation-1: -KEY FINDINGS OF CRII 2022:- 1: India’s overall rank has improved by 6 points from 129 in CRI 3 to 123. 2: It has moved up 12 places to rank 129 for reducing inequality through progressive spending and three places to rank 16 for progressive taxation.

Detailed explanation-2: -The Norway tops the 2022 index. It is followed by Germany, Australia, Belgium, Canada, Japan, Denmark, and New Zealand. India has been ranked at the 123rd spot, which is an improvement of 6 places since 2020 (ranked at 129th position). However, the country has come down 2 spots with regards to health spending.

Detailed explanation-3: -The 2022 Commitment to Reducing Inequality (CRI) Index is the first detailed analysis published looking at governments’ policies and actions to fight inequality during the first two years of the pandemic. It reviews the spending, tax and labour policies and actions of 161 governments during 2020–2022.

Detailed explanation-4: -The 2022 CRII looks at government policies and actions in 161 countries to fight inequality during the first two years of the COVID-19 pandemic. Norway leads the CRII followed by Germany and Australia. India’s overall rank has improved by six points from 129 in 2020 to 123 in 2022.