Pune, July 27 (ANI): Planning Commission Deputy Chairman and noted economist Montek Singh Ahuwalia will be awarded with "Lokmanya Tilak Puraskar" on August 1 for his contribution to the country's economic growth.

The award includes a gold medal, a citation and Rs one lakh.

Announcing this, Chairman of Lokmanya Tilak Trust Deepak Tilak said, "Ahluwalia would be awarded on the death anniversary of the freedom fighter Balgangadhar Tilak whom the British described as the 'father of Indian unrest'".

Maharashtra Chief Minister Vilasrao Deshmukh and Union Power Minister Sushil Kumar Shinde will be present on the occasion.

Ahuwalia who assumed the post in 2004, has also worked as an additional secretary to former premier Rajiv Gandhi between 1985 and 1990.

Besides, he also served in the World Bank for three years. (ANI)