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    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
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    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
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    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
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    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
    Show AI Summary
    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
    Show AI Summary
    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
    Show AI Summary
    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
    Show AI Summary
    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
    Show AI Summary
    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
    Show AI Summary
    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
    Show AI Summary
    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
    Show AI Summary
    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.

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      Crafting Bharat Awards 2025: Celebrating the Changemakers Shaping Bharat’s Tomorrow; A NewsReach initiative

      March 5, 2025

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      India has become the world’s third-largest startup ecosystem, with over 1.6 lakh DPIIT-registered startups driving innovation, creating jobs, and transforming industries. These startups are not just businesses—they're shaping the country’s future by solving real-world problems and supporting initiatives like Atmanirbhar Bharat and Make in India. Sectors like fintech, health tech, deep tech, and sustainability are seeing breakthroughs, making India a key player in the global startup space.

      HT Media Crafting Bharat Awards 2025: Recognizing Real Impact The HT Media Crafting Bharat Awards 2025, an initiative by NewsReach (Vyomeen Media Pvt Ltd) and curated by Fever Network, was all about celebrating people and organizations driving change. What started as the Crafting Bharat Podcast, a platform to share startup journeys, has grown into a space that not only tells these stories but also acknowledges the work behind them.

      Held on 21st February 2025 at the ITC Grand Central, Mumbai, the event brought together entrepreneurs, innovators, and industry leaders for a night of recognition, meaningful conversations, and insights. It wasn’t just another startup awards event—it went beyond traditional categories to celebrate those shaping Bharat in different ways. From founders and technocrats to artists, scientists, and social impact leaders, the awards highlighted individuals making a real difference in India’s growth story. With leaders from diverse sectors in the room, the event became more than just a ceremony—it reflected how far India’s startup ecosystem has come and where it’s headed next.

      A big shoutout to our gifting partners for adding thoughtful touches to the event. Sylvi, founded by Krushna Ghevariya and Ishan Kukadia, gifted watches combining style and functionality. Magical Blends, led by Uttara, treated awardees to premium skincare kits, making the experience even more special.

      The awards were presented in three categories: • 30 Under 30 – Recognizing young trailblazers • 40 Under 40 – Honoring mid-career achievers • Bharat Innovators – Celebrating change-makers across industries It was a night of stories, connections, and acknowledging those who are shaping the future of Bharat.

      Here’s a glimpse into the Changemakers who made it to the winners’ list Sangram Singh – A Champion of Strength, Resilience, and Inspiration A celebrated professional wrestler, motivational speaker, and youth icon, Sangram Singh was honored by Bharat Innovators for his extraordinary journey of perseverance and determination. Overcoming immense challenges, he has not only excelled in wrestling but also inspired millions with his motivational talks and philanthropic efforts. His story is a testament to the power of resilience, making him a true role model for the youth of Bharat.

      Dia Mirza – Social Impact Leader - Leading with Purpose, Beyond the Spotlight’ award A celebrated actress, producer, and UN Environment Goodwill Ambassador, Dia Mirza was honored under the Bharat Innovators category for her relentless advocacy for sustainability, wildlife conservation, and climate action. While she is celebrated for her versatility in Indian cinema, her contributions go far beyond the screen.

      A strong advocate for sustainability, environmental conservation, and social causes, Dia has consistently used her platform to drive awareness and action. Whether championing climate initiatives or supporting underprivileged communities, she has shown what it means to lead with purpose.

      Avinash Tiwary – A Changemaker in Cinema who is redefining storytelling through his performances.

      A powerhouse of talent and versatility, Avinash Tiwary was recognized under Bharat Innovators for his transformative impact on Indian cinema. From playing a passionate lover in Laila Majnu to an enigmatic charmer in Bulbul, Avinash has consistently impressed audiences with his versatility. His dedication to meaningful cinema has not only elevated the industry but also inspired emerging talent. With each project, he continues to challenge norms, reshape narratives, and contribute to the evolution of Bollywood storytelling. As he takes on new roles and explores fresh narratives, Avinash Tiwary remains a true innovator in Indian cinema.

      Swastika Mukherjee – Breaking Barriers in Entertainment An acclaimed actress known for her fearless and unconventional roles, Swastika Mukherjee was honored under Bharat Innovators for challenging norms and bringing powerful, nuanced performances to Indian cinema. She took center stage—not just as a celebrated actress but as a true trailblazer in Indian and Bengali cinema. Known for her bold and powerful performances, she has captivated audiences with her talent and authenticity, redefining storytelling with every role she takes on.

      Beyond cinema, Swastika has been a passionate advocate for animal rights, using her platform to raise awareness and give a voice to the voiceless. Whether through her artistry or activism, she continues to stand for what truly matters, proving that being a star is not just about being in the spotlight—it’s about using that platform for meaningful change.

      The Crafting Bharat Awards celebrated trailblazing innovators and leaders reshaping industries with groundbreaking contributions. Among them, Shalil Gupta of Ozonetel redefined customer experiences, while Sitla Thakur of FundBezzie set new benchmarks in digital investment platforms. Harddik K Patel of Quali5Care revolutionized healthcare, and Viswaprasad S Nair of Bindwel spearheaded technological transformation.

      Social impact was at the heart of the awards, with Arhan Bagati of KYARI leading change, Dr. Meenakshi Shanbhag of Makoons championing early childhood development, and Sanjay Khimesera advocating for media excellence. The event also highlighted startup ecosystem builders like Sravanth Gajula & Sandeep Bommireddi of AdOnMo and Shikhar Neogi of Neoble Corp.

      Tech and digital innovation were celebrated with Praanesh Bhuvaneswar of Qoruz excelling in influencer marketing, Sidharth Ghosh of ITW Playworx redefining entertainment tech, and Dhaval Patel of S.D. HUB shaping e-commerce and fintech. Anuj Tiwari, founder of Innovit Technologies, pushed AI advancements, while Samkit Shah of Jitendra EV pioneered electric mobility solutions.

      In the business and media landscape, Shrikant Pandey of Indiamanthan Publications reinforced business journalism, and Bhumish Sheth of Zimble Marketing elevated digital marketing standards. Jithin Sethumadhavan of Qoruz was recognized for agency leadership, and Deepanshu Shukla and Sujith Gopinath advanced tech and healthcare communications.

      Industry transformation was a key theme, with Unni Bhaskar revolutionizing airport infrastructure, Premjith Edassery of Bloom Hotel leading tech-driven hospitality, and Vinitt Dessai innovating hair systems. Dr. Chinuu Kwatra was honored for his environmental sustainability efforts, and Suyash Singh of GalaxEye for deep-tech advancements.

      The awards also recognized financial and compliance excellence, with Mohit Agarwal of Wockhardt leading pharma innovation, Suraj Nangia excelling in tax and audit solutions, and Dr. Nishant S. Mehta shaping fintech auditing. Jitendra Somani of Pocket HRMS and Mayuresh Darne contributed to fintech and startup ecosystems, respectively.

      Leaders in entertainment and creative industries, such as SIMA RAAJ of Golden Hue Productions and Shripal of Enjoy, were celebrated for their artistic contributions. Meanwhile, Nazneen of Aminsofttech led the future of tech solutions, and Aalok Kumar of NEC India was recognized for empowering citizens.

      From engineering innovations by Viraj of Unitech Power Solutions to fintech excellence by Vishesh Rajaram of Speciale Invest, these visionaries continue to drive Bharat forward. Their dedication and achievements illuminate the path toward a more innovative, sustainable, and inclusive future.

      The Crafting Bharat Awards honored pioneers, disruptors, and visionaries across industries, recognizing their outstanding contributions to business, technology, healthcare, education, and social impact.

      From Dr. Aravindan Selvaraj, who revolutionized multi-specialty healthcare at Kauvery Hospitals, to Poornima Garg, who led impactful social initiatives at Room to Read India, each awardee exemplified excellence. Naga Srirama Narasimha Raviteja Malladi and Akshatha Madapura Anantharamu transformed the tech and e-commerce landscapes, while Sanjeev Jain redefined the automobile industry. Zeeshan Mansoori spearheaded organic growth in digital platforms, and Aakash Jugraj shaped AI and blockchain media.

      The awards also recognized Harshvardhan Chauhan, who innovated in the FMCG sector, and Pankaj Kumar Choudhary, who set trends in luxury fashion. Devarshi Malviya bridged investors and F&B brands, while Dr. Mickey Keki Mehta advanced holistic health. Jagadish Nangineni led luxury real estate, and Rohan Paul transformed the lens manufacturing industry. In the financial sector, Manish Lalwani and Harsh Jha drove innovations in wealth management and financial distress resolution.

      Trailblazers in content, education, and entrepreneurship included Prof. Dr. Parin Somani, who reshaped global education, and Mithun Chakravarthy, who played a key role in the media and creator economy. Thomson R. Andrews was recognized as a visionary in music and media, and Sonia Kotak made a significant impact on social media. Shivam Mehta excelled in digital marketing, and Jobo Kuruvilla redefined disruptive marketing.

      Leaders in financial inclusion, such as Ankita Mitra, Chandan Khaitan, and Kunal Jhunjhaunwal, ensured greater accessibility to secured lending, while Wilson and Gaurav Thaker revolutionized luxury branding and beauty tech. Amitabh Shah drove social impact, Rakkesh R. Uddiyar led in fitness.These awardees demonstrated innovation, leadership, and a commitment to excellence, shaping India's future across diverse industries.

      A Celebration That Goes Beyond Awards Vyomeen Media Private Limited led News Reach and the HT Media Crafting Bharat Awards 2025 wasn’t just about recognizing achievements—it was about bringing together people who are shaping the future. It showcased stories of resilience, innovation, and purpose, inspiring others to push boundaries and create lasting change.

      As the event came to a close, it left behind more than just accolades. It sparked conversations, strengthened connections, and reinforced the vision of a self-reliant, forward-thinking Bharat. Every awardee’s journey served as a reminder that progress isn’t just about big ideas—it’s about the people who dare to make them happen.

      This wasn’t just an awards night. It was a movement. And the journey of Crafting Bharat is far from over.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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