, Oct. 16 -- Nobel Laureate and Grameen Bank founder Dr Muhammad Yunus received the Hillary Rodham Clinton Award in Washington, DC, on Thursday, drawing a standing ovation from an audience of around 400 people.

Former US Secretary of State Hillary Rodham Clinton presented the award to Yunus at a ceremony held at Gaston Hall of Georgetown University, attended by ambassadors from around 25 countries, entrepreneurs, university teachers and researchers.

The audience rose to their feet and applauded for an extended period when Yunus's name was announced as the award recipient.

Reema Nanavaty, director of India's Self-Employed Women's Association, and fashion designer Tory Burch, founder of the Tory Burch Foundation, were also awarded the Hi...