Prakash Padukone, the renowned Indian Badminton legend, will be conferred with the first Lifetime Achievement Award instituted by the Badminton Association of India (BAI) for his rich contribution to the sport. The award carries cash prize of Rs 10 lakh with a citation, which will be presented to Padukone at New Delhi very soon. Padukone had won the 1980 All England, besides bagging a bronze at the 1983 World Championship in Copenhagen. He also won a gold medal at the 1978 Commonwealth Games. He was bestowed with the Arjuna award in 1972 and the Padma Shri in 1982.