Why in News?
- The International Booker Prize will be renamed the Bukhman International Booker Prize under a new 10-year funding agreement.
Key Details
- The arrangement is backed by Bukhman Philanthropies and will take effect from the 2027 prize cycle.
- The winner’s prize will rise to £100,000, shared equally between the winning author and translator.
- The award recognises a work of fiction translated into English and published in the UK or Ireland.
Exam Connect
- International Booker Prize → Major award for translated fiction, shared by author and translator.