International Booker Prize gets new name, winner's prize doubled to ₹1.28 crore

The International Booker Prize is being renamed the Bukhman International Booker Prize in honour of Bukhman Philanthropies, a charitable organisation, which has pledged to fund the award for the next decade. The winner's prize money will double from £50,000 (₹64 lakh) to £100,000 (₹1.28 crore). The prize money will be shared equally between the author and translator.