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Historical Event on 5/22/1961
Jnanpeeth Award was instituted and the first award was given in 1965. This award is given for the best creative literary writing by any Indian citizen in any of the languages included in the VIII Schedule of the Indian Constitution. The award carries a cash price of Rs 2.5 lakh, a citation and a bronze momento.

Other Historical Dates and Events
1/12/1906	Pandit Mahadeo Shastri Joshi, dictionary creator, was born.
3/1/1963	25 Sqn, AF was formed with 04XAN-12 aircraft acquired from the erstwhile USSR. This was to supply lines to the Army in the Northern Sector encompassing J&K and Ladakh regions.
1/22/1967	Atomic Energy Center was renamed after Homi Jahangir Bhabha as 'Bhabha Atomic Research Centre' at Trombay, Mumbai.
6/24/1996	Cong(I) enters into an electoral alliance with Bahujan Samaj Party for forthcoming Assembly election in UP.
6/26/1955	Poland and India affirm Panchsheel.
11/19/1998	The Indira Gandhi memorial award is presented to Mirta Saavedra Polo, Ambassador of Panama, for her contributions to strengthening bilateral relations between India and Pakistan.
4/16/1959	Raurkela Iron Project's first furnace started functioning.
7/11/1964	M C Chagla, Union Minister of Education, turns the first sod for the foundation of the 4 ft tunnel.
2/9/1993	Silver prices crash as the govt allows passengers to import upto 100 k and reduces customs duty on 35 baggage items from 255 to 150 \%.
2/18/1992	47 die in Tamil Nadu's Kumbakonam Mahamakham stampede.

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