Nobel Peace Prize has formally been conferred upon India's Kailash Satyarthi and Pakistan's Malala Yousafzai for their works in the field of child rights and children education at a ceremony in Oslo, Norway.

Earlier, speaking at a joint press conference with Malala on the eve of the award ceremony, the Child rights activist Mr Satyarthi had said that the Nobel peace prize gives them tremendous opportunity in their fight and struggle for children's rights. He said, even if one single child is in danger then the entire world is in danger.

He further said, the prize is very important for millions of children who have been denied their childhood and urged people to work for children who are denied this freedom. Describing Malala as his daughter, Mr Satyarthi said, she is the bravest child one can think of.

On the occasion, Ms Malala said that education is not restricted to a group and it is essential for everyone and a necessity of life.

Prime Minister Narendra Modi has congratulated Nobel Peace Prize winners Kailash Satyarthi and Malala Yousafzai. In a tweet, Mr Modi said, the entire nation watched the ceremony held in Oslo with great joy and immense pride.