Mathrubhumi group announces new Rs 5-lakh literary award

In good news for Indian writers, Kerala-based media and publishing group Mathrubhumi announced on Thursday the institution of a new literary award to "honour and celebrate Indian literature".

The "Book of the Year" award that carries a cash prize of Rs 5 lakh and a memento, aims to recognise and encourage works by Indian writers in English, as well as regional literature translated into English