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NEW DELHI — Microsoft co-founder Bill Gates on Saturday received the Indira Gandhi Prize for Peace, Disarmament and Development from India’s president, a government statement said.

The prize recognizes his work with the Bill & Melinda Gates Foundation. As of this month, the foundation had committed nearly $1 billion for health and development projects in India. Most of the money has gone to prevent AIDS and eradicate polio.

The Associated Press

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