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    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
    Delhi govt to provide property Aadhaar cards; bring Land Records Bill: CM Rekha Gupta
    CCS discusses global security situation, supply chain constraints
    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
    Gold rises Rs 1,000 to Rs 1.48 lakh/10g on fresh retail buying
    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
    Investec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation
    Kotak Securities Earns Great Place to Work® Certification and Recognition Among India's Best Workplaces™ in Investments 2026
    India rises from 82nd to 57th in global rankings, in structural and pro-competitive reforms: Report by Competere Foundation
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    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
    Show AI Summary
    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    July 30, 2026
    Show AI Summary
    Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.
    July 30, 2026
    Show AI Summary
    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
    Show AI Summary
    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    July 30, 2026
    Show AI Summary
    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
    July 30, 2026
    Show AI Summary
    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
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    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
    July 30, 2026
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.

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      Hon Gen Vijay Kumar Singh Unveils Bold Blueprint for Blue Economy Growth, Spotlighting North East at ISMA 2025

      November 21, 2025

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      The 12th International Samudra Manthan Awards 2025 organised by the Samudra Manthan Foundation, supported by the Directorate General of Shipping (DGS) under the Ministry of Ports, Shipping & Waterways, Government of India, with Bhandarkar Publications as the Knowledge Partner was held with grandeur and deep national spirit at the Jio World Convention Centre, Mumbai. The ceremony was graced by the Hon’ble General (Dr.) Vijay Kumar Singh, PVSM, AVSM, YSM (Retd.), Governor of Mizoram, who attended as the Chief Guest. Capt. Vivek Bhandarkar, Director of the Samudra Manthan Foundation and CEO of Bhandarkar Publications, opened the 12th International Samudra Manthan Awards 2025 by extending a warm welcome to the Chief Guest.

      In his inspiring address, the Hon’ble Governor spoke with conviction about opportunity which is the single most powerful catalyst capable of transforming both individuals and nations. He noted that while India possesses immense strengths, “our only real gap lies in not striking at the right opportunity at the right time,” a powerful reminder that timing, boldness, and preparedness are indispensable. Drawing focus to India’s Northeast, the Hon Mizoram Governor delivered a stirring pitch highlighting the region’s extraordinary potential, its low power costs, natural abundance, talent-rich youth, inland waterway possibilities, and an ecosystem ripe for maritime and logistics expansion. He emphasized that “whatever you seek, be it talent, resources, resilience you will find in the Northeast,” urging the maritime sector to embrace the region as a strategic partner in India’s journey towards Viksit Bharat. His remarks drew a warm, appreciative response from the audience, marking a significant moment in positioning the Northeast within the country’s maritime narrative. He encouraged the maritime community to look toward the Northeast not as a distant region but as a frontier of possibility, partnership, and prosperity.

      The evening was further graced by the presence of several distinguished Guests of Honour, whose participation added immense value to the event. Among them were Capt. B. K. Tyagi, Chairman & Managing Director, Shipping Corporation of India Ltd.; Dr. A. V. Ramana, Chairman, New Mangalore Port Authority; DIG Bibhuti Ranjan, Principal Director, Indian Coast Guard; Mr. Yonis Ali Guedi, Minister of Energy and Natural Resources, Republic of Djibouti; Mr. Vishal Mehta, CEO, Rushabh Sealink & Logistics Pvt. Ltd. and Honorary Consul of the Republic of Djibouti and others who were welcomed by Organizers of Samudra Manthan Awards- Capt. Vivek Bhandarkar and Shri Ashish Pednekar.

      In his Welcome Address Capt. Vivek Bhandarkar all dignitaries, leaders, and members of the maritime fraternity. peaking under the overarching theme “Viksit Bharat, Shreshtha Sagar,” he emphasized that the Awards are not merely a ceremony of recognition, but a reaffirmation of India’s vision to emerge as the 'Vishwa Guru' and 'Vishwa Bandhu' of the global maritime community; echoing the aspirations laid down by Hon’ble Prime Minister Shri Narendra Modi. He reflected on the overwhelming success of the two-day symposium on Oil Spill Recovery and Salvage Operations, describing the packed halls, active participation, and high-quality discussions as proof of India’s maritime sector being alert, agile, and ready to lead with global standards in preparedness, environmental safety, and response capability. Capt. Bhandarkar highlighted the Foundation’s guiding philosophy of “Samudra Manthanasya Amrutam Paropakaaram”, stating that the true nectar drawn from the churning of the seas lies in collective service and societal benefit. He reiterated that the Samudra Manthan Foundation has grown into a movement of collaboration, discourse, and social commitment. He also expressed pride in the Samudra Manthan Foundation’s North-East outreach initiative under the Directorate General of Shipping’s “Sagar Mein Samman” programme. By reaching youth and women of the Eight Sisters (8 Northeastern States), the Foundation ensured that maritime opportunities transcend coastlines and become accessible to every Indian. Acknowledging the Directorate General of Shipping under Shri Shyam Jagannathan, IAS, Capt. Bhandarkar praised their leadership in driving safety, sustainability, and seafarer welfare. He also thanked all sponsors, partners, industry bodies, committee members, and the jury for their unwavering support. Reflecting on the intense nomination process for the 2025 Awards, he noted the razor-thin margins between top contenders and expressed heartfelt appreciation for every nominee, affirming that each one represents excellence, courage, and commitment. This year also marked a special Milestone, 50 years of Bhandarkar Publications, which Capt. Bhandarkar acknowledged with pride, reiterating his lifelong commitment to serving the maritime fraternity and upholding the publication’s ethos of being “of the industry, by the industry, for the industry.” He concluded by inviting the audience to celebrate the spirit of a rising India and the strength of its seas, formally opening the 12th International Samudra Manthan Awards 2025 with gratitude and renewed purpose.

      A touching moment of the evening was the felicitation of Capt.Vivek Bhandarkar and Ms. Bharati Bhandarkar by the Hon’ble Governor, marking 50 glorious years of Bhandarkar Publications. A short audio-visual presentation was showcased during the ceremony, paying tribute to the extraordinary legacy of Prof. K. R. Bhandarkar, whose pioneering contribution laid the foundation for maritime publishing in India. The film highlighted how his vision, educational commitment, and groundbreaking initiatives transformed access to maritime knowledge, making professional literature accessible and affordable for generations of Indian seafarers. His pioneering spirit continues to inspire the institution’s journey even today.

      The Jury Chairman, Shri Rajeeva Sinha, IAS (Retd.), Advisor (JNPA) and eminent industry expert, reaffirmed that the awards are based purely on merit, balanced with the spirit of encouraging emerging contributors. He quoted, “When the great scorer writes against your name, he writes not whether you won or lost, but how you played the game,” reminding everyone that participation itself is a mark of honour in such a competitive and vibrant industry.

      Since its inception, the International Samudra Manthan Awards has honoured excellence through the symbolic framework of Sixteen Jewels, inspired by the treasures that emerged from the legendary Samudra Manthan or the Churning of the mythical Milky Ocean. Staying true to this legacy, the 2025 edition celebrated a wide spectrum of achievements across India’s maritime and logistics ecosystem, recognising organisations whose contributions reflect innovation, resilience, and industry-wide impact.

      In the shipping category, honours were presented to both Indian and international leaders who continue to steer the sector forward. The Shipping Corporation of India received the award for Shipping Company of the Year (Indian – Public Sector), while The Great Eastern Shipping Company was recognised as Shipping Company of the Year (Indian – Private Sector). Among global operators, Maersk Fleet Management and Technology India Pvt. Ltd.; CMA CGM Agencies India Pvt. Ltd.; and Ocean Network Express (India) Pvt. Ltd. were acknowledged for their excellence and operational leadership. JSW Shipping & Logistics Pvt. Ltd. was celebrated as Shipping Company of the Year – Coastal, reflecting remarkable growth in India’s coastal movement segment.

      In the ports category, several major port authorities earned recognition for their outstanding performance. The Jawaharlal Nehru Port Authority was honoured as Major Port of the Year for its exceptional container throughput and infrastructure leadership. The Deendayal Port Authority was recognised as a pioneer in Green Hydrogen Transformation, while the Paradip Port Authority received the award for Outstanding Bulk Cargo Performance. The New Mangalore Port Authority was celebrated as the Fastest-Growing Port in Southern India as it marked its Golden Jubilee this year and JSW Jaigarh Port Ltd. was named Non-Major Port of the Year.

      In the terminal category, accolades went to leading operators shaping efficiency and productivity across India’s maritime gateways. Adani Ports and Special Economic Zone Ltd. Mundra Port; PSA Mumbai; and Haldia Container Terminal were all honoured as Shipping Terminals of the Year, acknowledging their role in world-class handling, technology adoption, and operational excellence.

      The evening also honoured outstanding women achievers under the Star Women in Maritime honours, celebrating leaders who are strengthening the maritime sector, breaking barriers, and inspiring inclusivity.

      A highlight of the ceremony was the presentation of Special Awards, recognising exceptional individuals across maritime and allied sectors.

      Capt. Mahesh Yadav, Director of Marine Education & Training, FOSMA Maritime Institute & Research Organisation, was honoured as Mentor of the Year for his legendary role in shaping future generations of seafarers through dedicated training, guidance, and excellence in maritime education.

      Mr. S. M. Rai, a revered senior member of the Institute of Marine Engineers (India), was conferred the Lifetime Achievement Award for his decades-long contribution to ship engineering, maritime standards, and professional leadership. An audio-visual clip played before the felicitation offered a moving glimpse into Shri S. M. Rai’s remarkable journey and his decades of steadfast service to the maritime fraternity. In his characteristically humble acceptance remarks, Shri Rai kept his words brief yet heartfelt. He expressed deep gratitude to the industry for every opportunity it has given him to contribute and serve, affirming his unwavering commitment to continue supporting the sector in every possible way. He extended his thanks to the younger generation, senior leaders, colleagues, and the wider maritime community for their constant encouragement throughout his career.

      Prof. Dr. Tanuja Kaushik, Dean Academic Affairs, Gujarat Maritime University, received the Woman Achiever of the Year Award and Shri Haresh Lalwani, Joint Managing Director, Sun Logistics, was presented the Late Prof. K. R. Bhandarkar Memorial Award.

      A spectrum of honours drawn from across the maritime and allied sectors, symbolically equivalent to the treasures that emerged during Samudra Manthan along with the gems.

      The ceremony concluded with a sense of celebration, pride, and renewed commitment to strengthening India’s maritime vision as the event also featured a special showcase by the Northeastern folk fusion ensemble “Sound from the Hills,” whose soulful performance celebrated India’s cultural richness and added a vibrant dimensionby infusing the venue with the unique charm, rhythm, and spirit of the North-East, making the evening feel truly inclusive, and unforgettable.

      The hall sparkled with energy as leaders, achievers, and young professionals exchanged ideas, applauded the winners, and celebrated the collective progress of India’s maritime and logistics sectors.

      The 12th International Samudra Manthan Awards 2025 stood as a glowing testament to excellence, unity, and national purpose, where the spirit of the seas met the vision of a rising maritime nation.

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

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