Acknowledging the positive impact that the economic policies of PM Modi had on the Indian and global economy, he has been conferred with the prestigious Seoul Peace Prize 2018. Commenting on Modinomics, the committee stated that it ‘reduced the social and economic disparity between the rich and the poor in the country’, as reported by the Times Of India.
The Seoul Peace Prize Cultural Foundation, headed by Chairman Kwon E-hyock, labelled PM Modi as ‘the perfect candidate’ for the prize. The Foundation will present the Indian PM with an award, plaque and an honorarium of $200,000. He is the fourteenth recipient of the award.
The Committee also credited the Prime Minister for ‘his contribution towards regional and global peace through a proactive foreign policy with countries around the world under the 'Modi Doctrine' and the 'Act East Policy.'
The Ministry of External Affairs has noted that ‘Expressing his gratitude for the prestigious honour and in light of India's deepening partnership with the Republic of Korea, Prime Minister Modi has accepted the award. The award will be presented by the Seoul Peace Prize Foundation at a mutually convenient time.’
The Seoul Peace Prize has been awarded biennially (every two years) to those individuals who have made their mark through contributions to the harmony of mankind, reconciliation between nations and to world peace. Past awardees have included UN Secretary-General Kofi Annan, German Chancellor Angela Merkel.
Recently, the PM was also awarded the Champions of the Earth, UN’s highest environmental honour for his contributions to combating climate change and spearheading the International Solar Alliance's (ISA) efforts.
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