The prize was established on 26 January 1950 (India's Republic Day), as the President of India, with effect from 15 August 1947 (Independence Day) may be awarded to officers or enlisted personnel from all branches of the Indian military for their bravery. The second highest award of the Indian government after Bharat ratna). Allocation of decoration carries with it the right to use PVC as a post nominal abbreviation.
Cash compensation also distributed to the recipients for persons under the rank of lieutenant (equivalent to their service) on the death of the beneficiary, that pension is transferred to his widow until her death or remarriage. By March 1999, fellowship at Rs. 1500 per month granted, in addition, many states have recognized individual pension rewards.
Subedar Major Bana Singh of the Eighth Jammu and Kashmir Light Infantry was the only serving personnel of the Indian Defense business with a Param Vir Chakra until the Kargil operations. Most of them awarded posthumously.
The medal was designed by Savitri Khanolkar, which is a circular bronze disc with a 1-3/8 inch (about 3.5 cm) diameter raised circle, the state emblem. About this, four replicas of Indra Vajra's (Almighty mythical weapons of the ancient Vedic King of Gods). Ornament is suspended from a straight bar and the name of the edge. Words Param Vir Chakra are written in Hindi and English. The band includes Param Vir Chakra is 32 mm long and purple.
The awardees of PVC are listed below:
Major Somnath Sharmna
Lance Naik Karam Singh
II Lt Rama Raghoba Rane
Naik Jadu Nath Singh
Comnpany Havildar Major Piru Singh
Captain Gurbachan Singh Salana
Major Dhan Singh Thapa
Subedar Singh Jogindar
Major shaitan Singh
Havildar Abdul Hamid
Lt. Col. Ardeshir Burzorji Tarapore
Lance Naik Albert Ekka
Flying Officer Nirmaljit Singh Sekhon
II Lt Arun Khetarpal
Major Hoshiar Singh
Naib Subedar Bana Singh
Major Ramasamy Parmeshwaran
Lt. Gen. Kumar Pandey
Gren Dier Yogendra Singh Yadav
Rifleman Sanjay Kumar
Captain Vikram Batra
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