PM Modi gets Seoul Peace Prize for 'fostering economic growth' and 'developing democracy'
New Delhi, Oct 24 (IBNS): Prime Minister Narendra Modi has been conferred the Seoul Peace Prize for his steps towards the economic growth and also the development of democracy in the country.
The Seoul Peace Prize Committee has decided to confer the award on Modi for improving international cooperation, raising global economic growth, accelerating the Human Development of the people of India by fostering economic growth in the world's fastest growing large economy and furthering the development of democracy through anti-corruption and social integration efforts.
While awarding the 2018 Seoul Peace Prize, the Award Committee recognized Modi's contributions to the growth of the Indian and global economies, crediting 'Modinomics' for reducing social and economic disparity between the rich and the poor.
The Committee lauded PM's initiatives to make the government cleaner through anti-corruption measures and demonetisation.
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.' Prime Minister Modi is the fourteenth recipient of this award.
The Prime Minister has accepted the award. The Seoul Peace Prize Committee will present the award to Modi at a mutually agreed time.
The Seoul Peace Prize was established in 1990 to commemorate the success of the 24th Olympic Games held in Seoul, Republic of Korea – an event in which 160 nations from across the world took part, creating harmony and friendship and a worldwide atmosphere of peace and reconciliation.
The Seoul Peace Prize was established to crystallize the Korean people's yearning for peace on the Korean Peninsula and in the rest of the world.
The Seoul Peace Prize was earlier awarded to former UN Secretary General Kofi Annan, German Chancellor Angela Merkel and renowned international relief organizations like Doctors Without Borders and Oxfam.
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