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Showing posts from January, 2021

Impact of COVID-19 on travel and tourism industry and ways of recovery

Quite similar to what was shown in the 2011 Hollywood movie Contagion, the Coronavirus has not only caused more than a million deaths, but it has also created abrupt changes in the daily lives of people within a very short time, while adversely affecting global economy and causing widespread panic. from The Financial Express https://ift.tt/3r4Oww6 https://ift.tt/eA8V8J
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Vaccines are here but coronavirus isn’t going away anytime soon: Why scientists see pandemic stretching out

While it is entirely difficult at this juncture to foresee the Covid-19 related events about to unfold this year, scientists have issued a warning note that the pandemic is expected to remain far from being over this year. from The Financial Express https://ift.tt/39y3Viq https://ift.tt/eA8V8J FE Online
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PM Modi to address year’s first Mann Ki Baat at 11 AM

Mann Ki Baat 2021: This episode of Mann Ki Baat comes at a time when the Centre is facing stiff protests from farmers, some thousands of them have been protesting against the three farm laws enacted last year. In his radio address on November 29, the prime minister had defended the laws saying these reforms had opened new doors of possibilities for farmers. from The Financial Express https://ift.tt/2Mn3puS https://ift.tt/eA8V8J FE Online
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Rajasthan Municipal Election Results 2021 Live Update: Counting of votes for 90 seats to begin at 9 AM

Rajasthan Local Body Election Results Live, Rajasthan Municipal Election Results 2021 Live Updates: The districts where voting was held included Hanumangarh, Jaisalmer, Jalore, Jhalawar, Pratapgarh, Chittorgarh, Churu, Dungarpur, Jhunjhunu, Nagaur, Pali, Ajmer, Banswara, Bikaner, Bhilwara, Bundi, Rajsamand, Sikar, Tonk and Udaipur. from The Financial Express https://ift.tt/2MbmJvm https://ift.tt/eA8V8J FE Online
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Demand for warehousing to remain strong in 2021

Gxpress director Praveen Vashistha said that warehousing, which comprises around 10% of the overall logistics cost, has a significant impact on optimising the remaining 90% that includes transportation, inventory management, material handling, packaging, etc. from The Financial Express https://ift.tt/2NRsoXO https://ift.tt/eA8V8J Rishi Ranjan Kala
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Brookfield India REIT IPO opens on February 3

The Brookfield India Real Estate Trust (REIT), backed by Canadian asset manager Brookfield Asset Management, will open its initial public offer (IPO) for subscription on February 3 as it aims to raise Rs 3,800 crore. The net proceeds from the issue would be utilised mainly for repaying debt. from The Financial Express https://ift.tt/3r4Qeh3 https://ift.tt/eA8V8J FE Bureau
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Govt must provide clarity on a range of open issues

In conclusion, while India has taken proactive steps to tax digital transactions, it would nevertheless be important for the government to clarify its stance on the various open issues that have lingered for some time now—this will, without doubt, help taxpayers plan their affairs and conduct business more efficiently in India. from The Financial Express https://ift.tt/2NCQq8I https://ift.tt/eA8V8J
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Bharti Airtel emerges as first telecom operator in country to demonstrate 5G readiness

Since 5G spectrum bands in 3.5 GHz is yet to be auctioned, what Bharti did was that it used spectrum sharing technologies and operated 5G technology using its existing spectrum bands like 1800/2100/2300 MHz and sub-GHz bands 800/900 MHz. from The Financial Express https://ift.tt/39ui00B https://ift.tt/eA8V8J FE Bureau
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Q3 earnings: Other income boosts Maruti’s profit up 24%

With the product mix remaining skewed in favour of low-end cars, the Ebitda (earnings before interest, tax, depreciation and amortisation) margin declined 50 basis points y-o-y to 9.5%; the Ebitda increased by a modest 6% y-o-y to Rs 2,226 crore, on account of increases in commodity prices and adverse foreign exchange movement. from The Financial Express https://ift.tt/2Ykk6d3 https://ift.tt/eA8V8J FE Bureau
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CPSEs may raise capex target by 50% in FY22

“While a smaller part of this enhanced investments next year will be supported by budget, a large part will likely be funded via enhanced borrowings and asset monetisation proceeds of the CPSEs, such as railways, NHAI, GAIL and Power Grid,” said a source. from The Financial Express https://ift.tt/2Yq5l8A https://ift.tt/eA8V8J Prasanta Sahu
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IKEA is coming to Noida! Ingka Group to soon start work on Rs 4,000-crore mall-cum-store

According to officials of the Uttar Pradesh government, this will be a mixed-use project, consisting of an IKEA store as anchor, and a mall that will house retail and commercial stores, a hotel, movie theatres and other entertainment zones as well as restaurants. from The Financial Express https://ift.tt/2MzEe8o https://ift.tt/eA8V8J Deepa Jainani
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Farmers’ stir: Parliament march called off, two unions end protest, key bodies stick to stand

However, leaders of Samyukt Kisan Morcha (SKM) sought to downplay the development, claiming these organisations were not part of the umbrella body and declared that the protest against the three contentious farm laws would continue till they are repealed. from The Financial Express https://ift.tt/3t4X6gj https://ift.tt/eA8V8J FE Bureau
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Analyst Corner| KMB: Maintain ‘buy’ as bank continues to see improvement

For 3QFY21, KOTAKB’S profit of Rs 18.5bn, up 16%YOY, was below estimate due to higher credit costs. High slippages & rise in SMA2 loans were disappointing- coupled with interest-reversal, this pushed up credit cost. We are encouraged to see 22% rise in Casa to 59% of deposit and improved lending appetite & demand (loans up […] from The Financial Express https://ift.tt/2YkE0V4 https://ift.tt/eA8V8J Jefferies
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Republic Day Parade 2021 Live Updates: India celebrates 72nd Republic Day; military might, cultural diversity to be displayed on Rajpath

Republic Day 2021 Parade, Flag Hosting Live Updates: The parade will start at 9.50 am from Vijay Chowk and move towards the National Stadium. The security has been tightened across the national capital.  from The Financial Express https://ift.tt/3oiK0Iv https://ift.tt/eA8V8J FE Online
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A leap backwards: Bombay High Court’s interpretation of sexual assault regressive

The leap from physical contact to ‘skin-to-skin’ contact (groping without disrobing) has grave repercussions for the understanding of sexual assault on minors and is especially dangerous to child and gender rights, given it comes from a constitutional court. from The Financial Express https://ift.tt/39j3RDc https://ift.tt/eA8V8J The Financial Express
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Eye on FY22: Tax revenue to witness big jump; GDP recovery, fuel taxes, anti-evasion steps to bolster receipts

Most analysts expect the nominal GDP to grow at 15% or thereabouts in FY22; going by historical pattern, it is possible that the tax revenue will grow at the same rate (buoyancy 1) or even up to five percentage points higher. from The Financial Express https://ift.tt/39eU2Gr https://ift.tt/eA8V8J FE Bureau
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Bitcoin alternative: How to buy Ethereum in India? Here’s why its price, m-cap is up 200% in 3 months

Following Bitcoin and Ethereum, the other leading cryptocurrencies based on the market cap are Tether ($24.8 billion), Polkadot ($16.1 billion), XRP ($12.4 billion), Cardano ($11.2 billion), Chainlink ($9.7 billion), Litecoin ($9.3 billion), Bitcoin Cash ($8.2 billion), and Binance Coin ($6.4 billion). from The Financial Express https://ift.tt/2No3DSG https://ift.tt/eA8V8J Sandeep Soni
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Delhi Police allow farmers’ tractor rally on Republic Day

Earlier in the day, Swaraj India chief Yogendra Yadav said there was a short meeting with officers of Delhi Police. "We have got formal permission from Police for the tractor rally. As I told earlier, 'Kisan Gantantra Parade' will be held on January 26 in a peaceful manner," he said. from The Financial Express https://ift.tt/2Ml25by https://ift.tt/eA8V8J FE Online
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How different is Republic Day 2021? Small parade on Rajpath to defiant tractor march, here’s all you need to know

The government has also decided to drop the number of contingents to 96 in contrast to 144 registered last year. The route of the parade has also been shortened and the contingents will move up to the National stadium only. from The Financial Express https://ift.tt/369ryMd https://ift.tt/eA8V8J FE Online
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PM said nothing to condemn treatment meted out to Bengal CM at Netaji event: TMC leader

"Prime Minister Narendra Modi, who was present at the programme, did not utter a single word condemning the behaviour of a section of audience... This shows that the BJP has no respect for Netaji and has no idea what he stood for," he claimed. from The Financial Express https://ift.tt/2Nm4EL1 https://ift.tt/eA8V8J Yash Shukla
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India-China Border Tensions: Ninth round of Army Commanders talks begin, India to focus on early solution

“It is a good move as the issues at hand need resolution through dialogue. Most of 2020 was spent in gaining moral ascendancy by initially the physical contact at Galwan, loss of lives on both sides and the swift occupation of the Kailash Range, by the Indian Army, thus gaining the advantage of dominating the PLA defences both by observation and fire,” opine experts. from The Financial Express https://ift.tt/39cyYQP https://ift.tt/eA8V8J Huma Siddiqui
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Amit Shah targets those disturbing peace in Assam

Amit Shah also said that PM Modi is committed for the development of the north eastern region and also did all measures to put an end to the era of violence there. He said that a peaceful region was required for the development of the region. from The Financial Express https://ift.tt/2MkAxTE https://ift.tt/eA8V8J FE Online
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CAIT to Piyush Goyal: Need immediate action on Amazon, Flipkart, others for violating ‘Country of Origin’

The government had in June last year mandated sellers on the Government e-Marketplace (GeM), amid growing chorus in India to ban import and use of Chinese goods, to mention the Country of Origin of goods sold on the platform. Later this was made mandatory for sellers on private marketplaces as well. from The Financial Express https://ift.tt/3a2uWtk https://ift.tt/eA8V8J FE Online
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World celebrates January 24 as International Education Day, check this year’s theme and significance

The day not only gives the world an opportunity to take into account the strides made in the field of education and development but to also take stock of the challenges that make education inaccessible for a large population of the developing and underdeveloped countries, the Indian Express reported. from The Financial Express https://ift.tt/2Mkwire https://ift.tt/eA8V8J FE Online
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No causal link of Covid vaccination with death of 6 health workers, says Health Ministry

Manohar Agnani, who is the additional Health Secretary was quoted by ANI as saying that none of the deaths reported in the country have any link with the Coronavirus vaccination. The latest casualty was reported from Gurugram, Haryana where a 56-year old health worker died on Saturday. from The Financial Express https://ift.tt/3sOY8g9 https://ift.tt/eA8V8J FE Online
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Express Adda| An institution is only so strong as the people willing to defend it, says Fareed Zakaria

At an e.Adda held recently, international affairs columnist, CNN news host and author Fareed Zakaria spoke on democracy in America, the challenges for journalism, big tech and why India needs to have a strategic conception of its place in the world from The Financial Express https://ift.tt/2MdMhYd https://ift.tt/eA8V8J Express News Service
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PM Narendra Modi’s visit to West Bengal, Assam Live: From ‘Parakram Diwas’ celebrations to distribution of Land Pattas, check updates here

Prime Minister Narendra Modi's visit to Assam and West Bengal Live Update: PM's visit to the two states comes ahead of upcoming state assembly elections. While BJP is the ruling party in Assam, it's aiming to dethrone incumbent Mamata Banerjee government in West Bengal. from The Financial Express https://ift.tt/3oaTMN1 https://ift.tt/eA8V8J FE Online
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Spaced-out logic: Trying to wind up Devas to avoid payments is unfortunate

Prior to the winding-up petition, as it happens, Devas was investigated by both the CBI and the Enforcement Directorate and, at one point, a fine of Rs 1,585 crore was imposed on it on grounds that the FDI it brought in—Rs 579 crore—violated India’s Fema rules. from The Financial Express https://ift.tt/2Y34SJa https://ift.tt/eA8V8J The Financial Express
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Fire at Serum Institute Pune claims five lives; Covishield vaccine production unaffected

Adar Poonawalla, CEO, SII, said there would be no loss of Covishield production due to multiple production buildings kept in reserve to deal with such contingencies. The five workers who lost their lives were not employees of SII, but construction workers working on the site. Two of the dead were from Uttar Pradesh, two from Pune and one from Bihar. from The Financial Express https://ift.tt/39Su5M3 https://ift.tt/eA8V8J FE Bureau
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The big lie

It is still a long time till 2024 and the lies will continue. But, so will the protests as more and more Indians have gotten over the TINA concern and are willing to stand up and act themselves from The Financial Express https://ift.tt/3c21fLB https://ift.tt/eA8V8J Jamal Mecklai
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Fin-techs see spike in delinquent accounts after Covid-19 pandemic

There is a need for fin-techs to place greater focus on collections in the light of heightened delinquencies and a riskier customer base, the report said. “Compared to peer members, the huge volumes sourced by fin-techs were largely small-ticket loans and from riskier segments,” the report said. from The Financial Express https://ift.tt/3iAFR1m https://ift.tt/eA8V8J FE Bureau
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Equities continue rally, Sensex breaches 50,000-mark for the first time ever

Results reported by companies for the three months to December, 2020 quarter have largely beaten Street estimates with IT companies turning in stellar numbers. A couple of consumer-oriented businesses too have turned in stronger-than-expected revenues for the quarter. from The Financial Express https://ift.tt/39M2Ouo https://ift.tt/eA8V8J FE Bureau
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L&T enters Bangladesh with mega value orders

L&T’s power transmission & distribution business would design, supply, instal, test and commission extra high voltage transmission lines on turnkey basis to cater to the power demand in emerging load centres and the greater Dhaka region. from The Financial Express https://ift.tt/3oYx9wl https://ift.tt/eA8V8J Indronil Roychowdhury
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Shriram Automall enters public sector forward auction industry

After going through extensive tests, SAMIL has become among the first private company in India to have its auction portal certified by the STQC directorate for exclusively conducting forward auctions, which is among the first of its kind issued by the agency. from The Financial Express https://ift.tt/38YKCP7 https://ift.tt/eA8V8J FE Bureau
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Don’t worry about volatility, says Kumar Mangalam Birla

Birla pointed to the swift recovery staged across sectors, completely negating doomsayers who had predicted irreversible shifts in consumer demand and the evisceration of sectors. In India too, the initial prognosis and narrative of experts proved to be excessively pessimistic. from The Financial Express https://ift.tt/394xRml https://ift.tt/eA8V8J FE Bureau
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Markets surge to record highs

The Sensex ended the day just a few points shy of the 50,000-mark. Though the market is trading at near lifetime high valuations, foreign portfolio investors (FPIs) continue to invest with inflows in January having already crossed $2.50 billion. from The Financial Express https://ift.tt/3sH9i6H https://ift.tt/eA8V8J FE Bureau
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Moderate your expectations from the Budget

Union Budget 2021 India: While sectors may want more from the government in terms of policies, there have already been myriad policy announcements since May 2020 for various sectors and hence it would not be realistic to expect more on February 1, 2021. from The Financial Express https://ift.tt/3sNJNAP https://ift.tt/eA8V8J Madan Sabnavis
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Covid-19 vaccine diplomacy! Why is Pakistan eyeing Made-In-India Coronavirus vaccines Covaxin, Covishield?

Covid-19 vaccines in India: Pakistan has so far approved two Covid 19 vaccines for emergency use approval (EUA). The Drug Regulatory Authority Pakistan (DRAP) gave its nod to the Sinopharm COVID-19 vaccine, developed by China National Pharmaceutical Group (SinoPharm), and Oxford-AstraZeneca vaccine. from The Financial Express https://ift.tt/3ipQKTH https://ift.tt/eA8V8J FE Online
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Gujarat: Speeding truck crushes 15 sleeping migrant workers to death in Surat; PM Modi expresses grief

The tragic accident took place near Kosamba village, around 60 km from Surat. The truck collided with a sugarcane-laden tractor, following which the driver lost control and his vehicle climbed on the sideway where 15 people were sleeping on the Kim-Mandvi road. from The Financial Express https://ift.tt/3qpTHqa https://ift.tt/eA8V8J FE Online
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Covid 19 Vaccination in India LIVE: World’s biggest vaccine drive enters day 4; only 580 cases of adverse events so far

Covid 19 Vaccination in India Day 4 Live Updates: Out of the 580 cases of adverse events, 7 individuals were hospitalised – 3 cases in Delhi, 2 cases in Karnataka, and 1 each in Uttarakhand and Chhattisgarh. from The Financial Express https://ift.tt/3bSAIAj https://ift.tt/eA8V8J FE Online
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Is inflation coming back?

If inflation is set to rise globally—contrary, by the way, to what most analysts expect—what would be the implications for equity markets and the rupee? from The Financial Express https://ift.tt/3nXmb90 https://ift.tt/eA8V8J Jamal Mecklai
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Tesla on Indian roads or Tesla on BSE, NSE: Here’s how Indians want to be part of Elon Musk’s EV family

Tesla’s market cap currently stands at $783 billion, far ahead of Toyota’s $208.2 billion market cap. It has registered the India business as Tesla India Motors and Energy Pvt Ltd with RoC Bangalore with an authorized share capital of Rs 15 lakh and paid-up capital of Rs 1 lakh. from The Financial Express https://ift.tt/38NYA6l https://ift.tt/eA8V8J FE Online
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Ditching WhatsApp: Only 18% Indian users may continue, 36% to reduce usage drastically, says survey

WhatsApp saw a 35 per cent decrease in downloads in India, from 2 million between January 1 and 5 to 1.3 million between January 6 and 10, as per Sensor Tower. In comparison, Signal’s 24,000 Indian app downloads between January 1 and 5 increased to 2.3 million between January 6 and 10. from The Financial Express https://ift.tt/2N3JvoK https://ift.tt/eA8V8J Sandeep Soni
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Admit card for MBA admissions at IIFT out, check exam date, syllabus and selection process

The admit card has been released by the National Testing Agency (NTA) which is conducting the entrance exam for the admission in MBA programme at the renowned educational institute. The hall tickets can be downloaded from the official website of the National Testing Agency- nta.ac.in or iift.nta.nic.in. from The Financial Express https://ift.tt/3qs7Jr9 https://ift.tt/eA8V8J FE Online
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Luxury housing sales rise in Delhi-NCR

BPTP’s senior VP (sales & marketing) Amit Raj Jain points out that there is a lot of traction on properties upwards of Rs 1.2 crore, as people started to realise that this is the best time to buy houses. from The Financial Express https://ift.tt/39BMj4d https://ift.tt/eA8V8J Rishi Ranjan Kala
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HDFC Bank Q3 net rises 18% y-o-y

HDFC Bank on Saturday reported an 18% year-on-year (y-o-y) growth in net profit for the quarter ended December to Rs 8,578 crore on the back of a 15% y-o-y rise in net interest income (NII) to Rs 16,317.6 crore, with non-interest income growing 11.6% y-o-y. The bank's non-bank subsidiary posted a loss during the quarter. […] from The Financial Express https://ift.tt/3bInO8d https://ift.tt/eA8V8J FE Bureau
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For data-driven policies, critical to have independent surveys on major schemes

A certain share of all budgets need to be set aside to evaluate the effectiveness of the scheme, not just in terms of physical milestones, but in achieving the actual goals—the difference between toilets being built and people actually using them, or between schools being built and children learning. from The Financial Express https://ift.tt/3sweaLG https://ift.tt/eA8V8J The Financial Express
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Sowing future growth: Agri transformation is next growth frontier for entrepreneurship

The technological milieu, policy environment and evolving entrepreneurship present an opportunity for a productive shift in Indian agriculture, a shift that incorporates indigenous farmer knowledge, optimises the value chain leveraging technological efficiencies and also ensures equitable access to markets for each and every farmer from The Financial Express https://ift.tt/3spC9MH https://ift.tt/eA8V8J
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Covid push: Pharma exports surge 16%, defy broader gloom

The rise is remarkable, especially in the light of initial Covid-induced disruptions in the supply chain and the temporary restrictions on the exports of 26 drug formulations and active pharma ingredients (APIs) — including paracetamol, tinidazole and metronidazole — to keep domestic supplies steady. from The Financial Express https://ift.tt/3smnG4d https://ift.tt/eA8V8J Banikinkar Pattanayak
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