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    India’s Foreign Exchange Markets: Getting ready for the next Decade [Keynote Address delivered by Deputy Governor Shri Rohit Jain on the Annual Day ...
    Govt rejects ethanol link to sugar price surge, says duty free imports allowed to curb prices
    China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence
    India's forex kitty swells USD 9.9 bn to USD 716.9 bn
    Bengaluru airport: AERA slashes user development fee to Rs 300 for domestic passengers
    NUMR Inc. helps deliver Axis Bank's data-driven excellence in customer experience
    ED can't add old FIR to Enforcement Case Information Report to sustain PMLA proceedings: Delhi HC
    Rupee settles on flat note, 3 paise higher at 95.71 against US dollar
    VinFast India Partners with Federal Bank to Strengthen Dealer Financing Ecosystem
    Sugar prices soar to Rs 70 per kg ahead of festive season in Bengal, jaggery also dearer
    Rupee gains 9 paise to 95.65 against US dollar in early trade
    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
    Over 745 gram gold paste seized at IGI; Customs nab carrier, receiver
    Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31; caps sugar stock for bulk consumers
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31
    DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
    DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
    Union Minister of Commerce and Industry Shri Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business E...
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August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
Show AI Summary
Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
Show AI Summary
Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.

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Leadership Beyond Boundaries: India's Visionaries Driving Multi-Sector Transformation

January 5, 2026

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CHANDIGARH, India, Jan. 5, 2026 /PRNewswire/ -- Kiteskraft Productions LLP proudly celebrates ten distinguished personalities whose leadership, creativity, and influence are shaping India's dynamic growth story across diverse domains. From visionary business leaders and trailblazing entrepreneurs to social activists, filmmakers, designers, sports professionals, infrastructure pioneers, and accomplished writers, these changemakers represent the spirit of a new India driven by purpose and progress. Each honoree has carved a unique path—building enterprises, transforming communities, redefining creative expression, strengthening infrastructure, promoting sportsmanship, and contributing powerful ideas through the written word. Their journeys reflect resilience, innovation, and a deep commitment to nation-building. Together, they embody a growing movement of excellence that transcends industries, inspires future generations, and lays the foundation for sustainable and inclusive development. Dr. Luv Bhardwaj: Dr. Luv Bhardwaj stands as a distinguished example of ethical entrepreneurship and service-oriented leadership in contemporary India. A graduate in Political Science from Ramjas College, he began his journey in the export sector with the founding of Rangoli Export in 1994, laying the foundation for a business philosophy rooted in integrity and purpose. Over the years, he expanded into FMCG, early-childhood education, and legal services through ventures such as Richfield Industries, Udgam Pre School, and Vista Law Partners. His work reflects a belief that enterprise must balance growth with empathy and cultural values. Honoured with an Honorary Doctorate and global excellence awards, he continues to inspire through service, mentorship, and his forthcoming book Dharmachar, which translates timeless Indian wisdom for modern leadership. Apong Gyadi Taniang: Apong Gyadi Flago, also known as Taniang, is regarded as one of Arunachal Pradesh's most influential emerging leaders, admired for her work as a social activist, philanthropist, entrepreneur, and community advocate. As Vice President of Nyishi Nyem Acham, she has actively advanced grassroots development, women's empowerment, and social justice initiatives across the state. Her notable philanthropy includes donating 20,000 square meters of land for a Christian Mission School to support underprivileged children. Deeply committed to women's welfare, she mobilized widow support funds, providing financial assistance and dignity to vulnerable families. She is a vocal supporter of the #JusticeForTaduHaro movement and became the first individual in Arunachal Pradesh to adopt a hornbill, highlighting her dedication to conservation. Her impactful contributions. V Rajagopal: IEFS PARIS, the internationally acclaimed film production house with a strong presence across India, France, and the United Kingdom, has announced a historic global action feature poised to redefine Indian cinema worldwide. Founded by veteran industry professional V. Rajagopal, the studio achieves a landmark first as the project becomes the first Indian feature film to secure the Indo–China Co-Production Film Permit Certificate, enabling direct theatrical release in Mainland China and opening an unprecedented global distribution corridor. Creative development is led by internationally celebrated filmmaker Alex Rodriguez of Money Heist fame, while direction is helmed by legendary Hong Kong–Chinese filmmaker Mr. Herman Yau, whose career spans over 80 iconic films. The film unites leading stars from India, China, and key global markets, supported by world-class international technicians. Backed by a massive production budget and bold vision, it will release simultaneously across more than 40,000 screens worldwide, marking a defining moment. Mohd Akram Khan: Founded in 2018, A.K. Projects has emerged as a symbol of excellence in interior and exterior design, delivering end-to-end solutions across Mumbai and Uttar Pradesh. Driven by a passion for design and uncompromising quality, the firm transforms ordinary spaces into elegant, functional, and inspiring environments. Specializing in residential, commercial, and corporate interiors, it offers comprehensive services including civil execution, space planning, custom furniture, electrical works, POP, painting, HVAC, and project management. Each assignment is thoughtfully conceptualized and meticulously executed by a skilled professional team, ensuring superior craftsmanship and timely delivery. What truly differentiates A.K. Projects is its client-centric approach, seamlessly blending creativity with practicality while offering cost-effective solutions without compromising standards. Guided by a clear vision of innovation and reliability. Master J. S. Krithvik Arya: A Young Prodigy Redefining Early-Age Sports Excellence in India Master J. S. Krithvik Arya, a five-year-old sporting prodigy from Tamil Nadu, is rapidly emerging as one of India's youngest and most inspiring athletes. Introduced to the ancient martial art of Silambam at just three, he quickly showcased exceptional discipline, focus, and technical skill far beyond his age. His dedication has earned him multiple district and state-level accolades, along with the prestigious 'Best Young Silambam Performer of the Year' award by Kiteskraft Production. Alongside martial arts, Krithvik has impressed trainers with his passion for Marathon running, displaying remarkable stamina and mental resilience. Supported by devoted parents and expert coaching, he is becoming a symbol of early-age sports excellence, inspiring renewed interest in traditional Indian sports and motivating young aspirants nationwide. Rajdeep Bhattacharya: Rajdeep Bhattacharya is a distinguished leader in India's infrastructure sector, with over three decades of experience spanning metro rail, highways, industrial, marine, and nuclear projects. A seasoned civil engineer and strategic executive, he is widely respected for combining technical excellence with strong business and governance acumen. Currently serving as Chief Project Officer at Leap India Foods & Logistics Ltd., he leads a ₹3,000+ crore project portfolio with a focus on sustainability, ESG integration, and operational excellence. His career includes senior roles at Maharashtra Metro Rail Corporation, AECOM, Larsen & Toubro, JKumar Infraprojects, and Gammon India. An alumnus of IIM, XLRI, and KPMG, and a certified PMP and Independent Director, he continues to shape India's infrastructure future with vision, precision, and purpose. Srinivasulu Dhanala : Founded in 2024 by Srinivasulu Dhanala, Microgreens De Manikonda (MGM) reflects Hyderabad's growing movement toward clean, conscious, and sustainable nutrition. What began as a personal initiative to access dependable, chemical-free food has rapidly evolved into one of India's largest controlled indoor microgreens farms, expanding from 80 square feet to 2,700 square feet within a short span. Operating in a soil-free and chemical-free environment, MGM cultivates over 25 varieties of nutrient-rich microgreens, harvesting strictly against confirmed orders to ensure peak freshness and nutritional integrity. Trusted by households, restaurants, dieticians, and fitness enthusiasts, the brand is known for its transparency and consistency. Beyond cultivation, MGM promotes nutrition awareness through workshops, podcasts, and guided farm visits, reinforcing its commitment to healthier urban lifestyles. Dr. Rakesh Kumar Sinha: Dr. Rakesh Kumar Sinha is a distinguished leader in India's industrial and business excellence landscape, widely respected for advancing operational efficiency, quality systems, and organizational transformation. Currently President of Thrive India and former Chief Operating Officer of Confidence Petroleum India Limited, he brings over three decades of cross-industry leadership experience. His career spans operations management, multi-plant manufacturing, project execution, and integrated management systems across energy, engineering, packaging, and manufacturing sectors. Known for aligning profitability with sustainability, he has driven record productivity improvements and successful large-scale expansions nationwide. A Doctorate holder in Business Excellence and a Six Sigma Master Black Belt, he continues to guide organizations through strategic governance, talent development, and continuous improvement, shaping a future-ready industrial ecosystem nationwide. Dr. Masanipalli Peramandlu: Dr. Masanipalli Peramandlu, a Hyderabad-based real estate entrepreneur, exemplifies rare, fully self-sponsored social leadership in India. For over 17 years, every initiative of the Chatrapathi Shivaji Foundation in Bibipet, Kamareddy, has been funded solely from his personal earnings, inspired by his late mother Masanipalli Suvarnamma's philosophy of selfless service. His initiatives span healthcare, education, environment, culture, spirituality, sports, and women's empowerment. A free ambulance service has saved over 1,000 lives, while long-term efforts include education support for orphaned girls, sanitation facilities, water camps, libraries, skill-training centers, and large-scale environmental drives. Nationally recognized with prestigious awards, his journey reflects leadership where success is defined not by wealth accumulated, but by lives transformed across communities, inspiring responsible citizenship and sustainable development. Mr. Vikram Kamrendra Singh: Prof. Dr. Madan Chandra Karan is a renowned educationist and internationally acclaimed writer whose contributions to literature and academia have earned global recognition. With academic credentials including MA, MPhil, PhD, and multiple honorary D.Litt titles, he is widely respected for his scholarly depth and creative excellence. Writing fluently in Bengali, Hindi, and English, he has authored several acclaimed works such as Jannater Samsar, Madan Manjari, The Communalism and Counter Communalism, Adrishya Pira, and The Unseen Agony. His writings reflect strong human values, social consciousness, and cultural harmony, many of which have been translated into other languages. Honored with prestigious national and international awards from India, the UK, USA, Germany, and Bangladesh, he continues to inspire readers, scholars, and students worldwide. About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2854191/Leadership_Beyond_Boundaries.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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