It is the highest Civilian award of India. It was instituted in 1954 by the order of Rajendra Prasad then President of India. Bharat Ratna does not hold monetary grant. A maximum of three awards can be given in a year. The provision to  honor a person posthumously was not there primarily but was later added in 1966. Subhash Chandra Bose … [Read more...] about Bharat Ratna and Famous recipients