The International Booker Prize is being renamed the Bukhman International Booker Prize. The change comes after Bukhman Philanthropies, a charitable organization, pledged to fund the award for the next decade.
The information has come from the Booker Prize Foundation’s official website and is in line with the foundation’s official announcements.
As part of the agreement, the winner’s prize money will double from 50,000 Pounds (Rs 64 lakh) to 100,000 Pounds (Rs 1.28 crore), with the amount shared equally between the author and the translator(s).
Shortlisted Authors and Translators to Receive Rs 6.4 Lakh
In addition, every shortlisted title will receive 5000 Pounds (Rs 6.4 lakh), split evenly between the author and translator(s), recognizing the collaborative nature of translated literature.
