Why is it in the news?

• Michael Douglas was honoured with the Satyajit Ray Lifetime Achievement Award for Excellence in Cinema.

About the Award

• The award is instituted by the International Film Festival of India (IFFI).
• The recipient is recognized for their exceptional contribution to the growth and development of World cinema.
• Originally known as the IFFI Lifetime Achievement Award.
• First instituted in 1999 during the 30th IFFI.
• During the 52nd edition in 2021, on the occasion of Satyajit Ray’s birth centenary, the award was rechristened to “IFFI – Satyajit Ray Lifetime Achievement Award.”