New Delhi, Oct. 1 -- The 2025 Nobel Peace Prize will be announced on October 10. Only one person or organisation will be chosen. The winner receives a medal, a diploma, and 11 million Swedish crowns ( Rs.10.5 crore), along with global recognition. According to Forbes, there are 338 nominees this year.

The award carries both monetary value and immense prestige. Every year, the announcement attracts international attention. The honour highlights who has contributed the most to peace in a world facing conflict and division.

The Nobel Peace Prize was created through the 1895 will of Alfred Nobel, a Swedish industrialist. It is meant for those who have worked to promote peace, disarmament and international cooperation.

The prize is awarded ...