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India's badminton stars Chirag Shetty and Rankireddy Satwik Sai Raj won the Major Dhyan Chand Khel Ratna award announced by the Ministry of Youth Affairs and Sports recently. Named after the hockey wizard Major Dhyan Chand (1905–79), an Indian legendary field hockey player, the "Major Dhyan Chand Khel Ratna Award" (erstwhile Rajiv Gandhi Khel Ratan Award) is the highest sporting honour in India. Instituted in 1991–1992, the award is conferred annually by the Ministry of Youth Affairs and Sports. No award will be made for a second time to the same person. There will be only one award every year to be given to an individual sportsperson. This condition will be relaxed only in exceptional circumstances. A cash amount of ₹25,00,000, which is exempt from income tax and wealth tax. A Certificate of honor to each sportsperson. One medal to each sportsperson.
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A person who receives a negotiable instrument in good faith for valuable consideration is known as
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