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Post-independence, first three gallantry awards namely the Param Vir Chakra, The Maha Vir Chakra and the Vir Chakra were instituted by the Government of India on 26th January, 1950 which were deemed to have effect from the 15th August, 1947.
Thereafter, other three gallantry awards i.e. the Ashoka Chakra Class-I, the Ashoka Chakra Class-II and the Ashoka Chakra Class-III were instituted by the Government of India on 4th January, 1952, which were deemed to have effect from the 15th August, 1947. These awards were renamed as the Ashoka Chakra, the Kirti Chakra and the Shaurya Chakra respectively in January, 1967.
These gallantry awards are announced twice in a year – first on the occasion of the Republic Day and then on the occasion of the Independence Day. Order of precedence of these awards is the Param Vir Chakra, the Ashoka Chakra, the Mahavir Chakra, the Kirti Chakra, the Vir Chakra and the Shaurya Chakra.
