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INDIAN AFFAIRS
First International Conference on Sustainability Education 2019 held at the India Habitat Centre in New Delhi
The first of its kind International Conference on Sustainability Education 2019 was held at the India Habitat Centre in New Delhi on September 9-10, 2019. It was jointly organised by Mobius Foundation, the Climate Reality Project, India in partnership with United Nations Educational, Scientific and Cultural Organization (UNESCO) New Delhi office.
i. Asia’s first environment school named World Environment School (WESc) was launched on the occasion.
ii. It will be operational from 2021 for grade 6 to 12 students and educate the next generation of environmental leaders……………..Click here to Read more
Country’s first Central Police University to be built in Greater Noida,Uttar Pradesh
India’s first Central Police University will be established in Greater Noida, Uttar Pradesh near the Yamuna Expressway with the aim to improve the law and order of the country. In-Principle approval has been given by the centre for the establishment of the university and 100 acres of land has also been identified for this in Sector Techzone, Greater Noida.
Key points:
i. The Greater Noida Industrial Development Authority (GNIDA) has also confirmed the allocation of land for the Police University for Rs 372 crore. The authority has got 10% of the land as advance & another 20% of the amount will be received in the next week. After getting 30 % of the land amount, it will give possession of the land.
ii. The varsity will offer undergraduate (UG) & post-graduate (PG) courses on policing, internal security, cybercrime & forensic sciences. State-level colleges could be affiliated to this university.
iii. Even the states such as Rajasthan, Gujarat & Jharkhand have dedicated police varsities, India doesn’t have a central university for police yet.
About Uttar Pradesh:
♦ Capital: Lucknow
♦ Chief minister: Yogi Adityanath
♦ Governor: Anandiben Patel
♦ National Parks: Dudhwa National Park
♦ Dams: Rihand Dam, Rajghat Dam, Matatila Dam, Dhanraul Dam
India’s first National Antimicrobial Resistance Hub inaugurated in Kolkata, West Bengal
On September 16, 2019, The Indian Council of Medical Research (ICMR) inaugurated India’s first National Antimicrobial Resistance (AMR) Hub in Kolkata, West Bengal. It was developed by ICMR in association with the United States (US) Department of Health and Human Services. ICMR director-general Balram Bhargava, National Institute of Cholera and Enteric Diseases (NICED) director Shanta Dutta and US ambassador to India Kenneth I Juster were among the dignitaries present at the inaugural ceremony.
Key Points:
i. It is also the hub for research on antibiotic resistance for South Asia which is aimed to identify antibiotics that work best for diseases and frame a policy for antibiotic use.
ii. A National Antimicrobial Treatment Guideline was also released on the occasion.
iii. ICMR will launch an indigenous dengue vaccine designed to counter the outbreak of the vector-borne virus in 2020.
iv. Recently, India had joined the Global AMR Research and Development (R&D) hub as its 16th member.
About ICMR:
♦ Headquarters: New Delhi
♦ Founded: 1911
3 day 5th International Ramayana Festival organised by ICCR held in New Delhi
3 day long 5th International Ramayana Festival was inaugurated in New Delhi on September 17, 2019 by Union minister of home affairs Shri Amit Shah. The festival is organised by Indian Council for Cultural Relations(ICCR) to promote Indian culture and its values and will be held until September 19, 2019. 17 countries have participated in the festival which is organised 5th time in a row.
Key points
i. The festival will be conducted in Lucknow between September 20-22 and in Pune on September 21, 2019.
INTERNATIONAL AFFAIRS
Overview of President of India, Shri Ram Nath Kovind visit to Iceland, Switzerland and Slovenia from Sep 9 -17, 2019
The president of India Shri Ram Nath Kovind paid an official visit to Iceland, Switzerland and Slovenia from September 9-17, 2019 to strengthen economic and political ties with these countries. He was accompanied by First Lady Savita Kovind and other high level delegations.
i. India and Iceland signed 3 MoUs from 2019 till 2022 by Ram Nath Kovind and his counterpart Jóhannesson. MoUs : 1) Fisheries collaboration, 2) Cultural cooperation, 3) Visa waiver by Iceland to holders of diplomatic and official passport
ii. On September 13, 2019 India and Switzerland signed 3 agreements by president Kovind and his Swiss counterpart Ueli Maurer. MoUs : 1) Technical cooperation on climate change. 2) Alliance in science and technology. 3) Renewal of Hindi chair at the University of Lausanne.
iii. India and Slovenia signed 7 MoUs together by Indian and the Slovenian president. They are cooperation in the field of Investment, Sports, Culture, River rejuvenation(clean Ganga mission), Science, Technology, Standards………………..Click here to Read more
Sri Lankan president Maithripala Sirisena unveiled Lotus tower- the tallest tower of South Asia, funded by China in Colombo
On September 16, 2019 president of Sri Lanka(SL) Shri Maithripala Sirisena unveiled “Lotus tower” which is the tallest tower of South Asia that cost over $100 million. 80% of the funding cost of the tower situated in Colombo, Srilanka has been done by China under the Belt and Road Initiative(BRI).
i. Building features: It is a 350-meter-tall building having 17 storeys spread over an area of 30,600 sq. metres.
A television tower, telecommunications museum, restaurants, observation deck, shopping mall, auditorium and a conference centre is comprised within the building. It is built with fibre optic cables equipped with telecommunication equipment……………………Click here to Read more
Overview of 44th Toronto International Film Festival for 2019
The 44th annual Toronto International Film Festival (TIFF) for 2019 was held from September 5-15, 2019 in Toronto, Ontario, Canada.
i. The film ‘Once Were Brothers: Robbie Robertson and the Band’ directed by Daniel Roher was premiered as the opening film of the festival (first Canadian documentary film).
ii. The film ‘Radioactive’ directed by Marjane Satrapi was showcased as the closing film of the festival.
iii. Malayalam-Hindi bilingual film, Geetu Mohandas’s Moothon (The Elder One), shot guerrilla style in Mumbai’s red-light district, premiered at the 44th TIFF………………Click here to Read more
BANKING & FINANCE
ZestMoney join hands with PayU for cardless EMI payment
On September 17, 2019, Consumer lending platform, ZestMoney has partnered with PayU, a fintech firm that provides payment technology to online merchants to offer cardless EMI (equated monthly installment) payment option to consumers.
Key points:
i. With this partnership, more than 2,500 merchants that are equipped with PayU, Billdesk, Cashfree, and Razorpay can start accepting ZestMoney (which has over 3,500 unique data points (2,500 data points for new to credit) to ease risk decisioning) as a payment solution quickly.
ii. ZestMoney, which has diverse customer base spread across different segments and risk profiles, aims to offer loans of amount starting from Rs 1,000 – Rs 5 lakh as per the demand of the customer anywhere.
About ZestMoney:
♦ Headquarters: Bengaluru, Karnataka
♦ Formation: 2015
♦ CEO: Lizzie Chapman
About PayU:
♦ Founded: 2002
♦ Parent organization: Naspers
♦ CEO: Laurent Le Moal
Visa in partnership with BillDesk to launch interface for recurring payments , “standing instructions (SI) Hub”
On September 16, 2019, Visa Inc, the world’s leader in digital payments technology and BillDesk, an Indian online payment gateway company have partnered for the launch of SI (standing instructions )-Hub which is a smooth and secure way to make recurring payments using cards with a one-time enrollment. This comes after the introduction of guidelines for e-mandate on cards for recurring transactions by RBI(Reserve Bank of India).
Key points:
i. Banks & merchants will now be able to provide recurring payments/ standing instructions (SI) services (powered by BillDesk’s SI-Hub and Visa’s global recurring transaction framework for merchant-initiated transactions) to their customers to help control payment across utilities, subscription services, and mutual fund SIPs(systematic investment plan), etc.
ii. As per the report by the World Bank, lower-middle-income category pays an average of 42 utility bills in a year, of these only 3 are paid digitally.
About Visa Inc:
♦ Founded: 1958
♦ Headquarters: California, United States
♦ CEO: Alfred F. Kelly Jr.
About BillDesk:
♦ Founded: 2000
♦ Headquarters : Mumbai, Maharashtra
♦ Founder(s) :M.N. Srinivasu Ajay Kaushal Karthik Ganapathy
Airtel Payments Bank launched ‘Bharosa’ savings account
On September 17, 2019, Airtel Payments Bank, a public limited company with its headquarters in New Delhi has launched “Bharosa” savings account services with the aim of deepening the financial inclusion in India.
Key features of the account:
i. Customers of Airtel Payments Bank will get personal accident insurance up to Rs 5 Lakh, even with the minimum balance of 500. However, the customer will need to make a debit transaction at least once a month.
ii. If the account holder transfers the government subsidy to this account, then the bank will also offer cashback on each transaction.
iii. The customers can withdraw cash, check their balance or access a mini statement of their account from any of the outlets across India that have AePS (Aadhaar-enabled payment system) enabled.
iv.Airtel Payments Bank was the first payments bank to start its operations in India. It provides convenient digital banking services to customers through a network of over 500,000 banking points in all states of India.
About Airtel Payment Bank:
♦ Headquarters : New Delhi
♦ MD, CEO : Anubrata Biswas
EPFO to credit 8.65% interest in over 6 crore accounts for 2018-19
Minister of State (Independent Charge) of the Ministry of Labour and Employment Santosh Kumar Gangwar notified that over 6 crore members of the Employees’ Provident Fund Organisation (EPFO) will get 8.65% interest on deposits, which will be credited to the accounts, for 2018-19 after the approval from the Ministry of Finance. The decision was made on February 21, 2019.
Key Points:
i. At present, EPFO pays an interest rate of 8.55% for 2018-19 under Employees’ Provident Fund (EPF) withdrawal claims. The 8.55% interest rate on EPF deposits was fixed for 2017-18.
ii. The rate which was increased to 8.65% for the year 2018-19 was the first increase in the past 2 years.
iii. As per EPFO’s estimates, there would be a surplus of Rs 151.67 crore after providing an 8.65% rate of interest for 2018-19 on EPF.
iv. The Central Board of Trustees (CBT) is the apex decision-making body of the EPFO.
Other announcements:
i. Ministry is in the process of developing infrastructure in newly established union territories Ladakh and Jammu & Kashmir.
ii. Employees State Insurance Corporation (ESIC) will start a 100-bed hospital Srinagar and a 30-bed hospital in Leh.
iii. 2 offices of EPFO in Srinagar and Jammu will also be established.
iv. Ministry is working for over 40 crore unorganized workers in India to provide suitable work environment.
About EPFO:
♦ Founded: 4 March 1952
♦ Headquarters: New Delhi
♦ Central Provident Fund Commissioner: Sunil Barthwal
♦ Parent Organization: Ministry of Labour & Employment
BUSINESS & ECONOMY
Govt waives 3-year lock-in period on NRI investments in IDF bonds
On September 17, 2019 the govtin order to boost foreign investment in the infrastructure sector, waived off the 3-year lock in period for investments made by Non-Resident Indians(NRI) in Infrastructure Debt Funds (IDFs), as notified by the Central Board of Direct Taxes (CBDT).
i. 3-year lock in period background: Transferring Rupee denominated bonds of IDF by an NRI to another NRI outside India, are not considered as transfers for capital gain purpose and no capital gain tax is charged on such transfers. These benefits will be available only when IDF is set up under prescribed guidelines and fulfill certain conditions. One of such conditions is investment made by an NRI in bonds should be subjected to a 3-year lock in period except where transfer is made to another non-resident. Thus, NRI investors can now transfer IDF bonds freely.
ii. Govt. investment plan: Recently the govt has planned to invest Rs 100 lakh crore in infrastructure sector by 2024-2025 with the taskforce headed by economic affairs secretary shri Atanu Chakraborty…………………..Click here to Read more
AWARDS & RECOGNITIONS
Agnes Kharshiing- rights activist based in Meghalaya wins 11th International Hrant Dink award for the year 2019
On September 15, 2019 Meghalaya based rights activist Agnes Kharshiing, the survivor of coal mafia assaults a year ago, was honoured with Turkish award, the 11th International Hrant Dink award for the year 2019 along with Nebahat Akkoç, Turkish activist against male violence at the Lutfi Kirdar International Convention and Exhibition Centre, in Istanbul. Agnes is awarded for defending women, children and poor rights, environmental rights. The award was presented to them commemorating the memory of Turkish-American journalist Hrant Dink who was assassinated in 2007 in Istanbul, Turkey.
Key points
i. The award is presented by Hrant Dink foundation on the birthday of Hrant Drink (September 15), since 2009 annually to individuals, organisations or groups working against discrimination, violence, racism by risking own lives.
Swedish environmental activist Greta Thunberg wins 2019 Amnesty’s ‘Ambassadors of Conscience’ award in Washington D.C
On September 16, 2019 Swedish environmental activist Greta Thunberg(16 years) and the ‘Fridays for Future youth movement’ won the Amnesty International’s ‘Ambassadors of Conscience’ award for the year 2019. The award ceremony which was held at the George Washington University, Washington D.C, America, is the highest human rights award constituted by the Amnesty International.
About Amnesty International:
♦ It is a Britiish Non-Government Organisation(NGO) focused on human rights.
♦ Headquarters- London, United Kingdom.
♦ Founded- July 1961.
♦ Founder- Peter Benenson.
About Sweden:
♦ Capital- Stockholm.
♦ Currency- Swedish krona.
APPOINTMENTS & RESIGNS
Cognizant India elevates R Ramamoorthy as its new CMD
Information Technology(IT) giant, Cognizant India has elevated Ramkumar Ramamoorthy currently the executive director, as its new chairman and managing director(CMD).
Key points:
i. During 21 years with the company , he played a key role in its CSR(Corporate social responsibility) initiatives through his work at Cognizant Foundation and Cognizant Outreach.
ii. Ramamoorthy will make a management committee & operating committee for the country, which will help strengthen the company’s operations in India. He will also directly report to the parent company’s executive committee.
iii. Prior to joining Cognizant, he worked with Tata Consultancy Services & before that, he was a lecturer at two leading colleges in India, and went on to officiate as principal of one of them.
About Cognizant:
♦ Founded :26 January 1994
♦ Headquarters: New Jersey, U.S.
♦ CEO: Brian Humphries
Former Delhi HC judge Sunil Gaur appointed as Chairperson of PMLA Appellate Tribunal
Former High Court Justice Sunil Gaur, who became famous after he denied protection from arrest to former finance minister P Chidambaram, considered as the ‘kingpin’ of the INX media case 48 hours before his retirement, was appointed as the new chairman of the Appellate Tribunal for Prevention of Money Laundering (PMLA) Act.
President of ADB Takehiko Nakao resigns
On September 17, 2019, The president of Asian Development Bank (ADB), Takehiko Nakao has announced his resignation effective from January 16, 2020. The new president will be elected in accordance with an open, transparent and merit-based principle.
Key points:
i. Takehiko joined as the president of ADB on April 28, 2013.
ii. With ADB, he has expanded the operation of the organization from $ 14 billion in 2013 to $ 22 billion in 2018 & also integrating more advanced technologies into projects of ADB.
iii. He played a major role in merger of Ordinary Capital Resources and concessional lending operations of the Asian Development Fund (ADF) and the launch of ‘Strategy 2030’, etc.
About ADB:
♦ Headquarters: Mandaluyong, Philippines
♦ Founded: 19 December 1966
♦ Membership: 68 countries
♦ Purpose: Social and Economic Development
SCIENCE & TECHNOLOGY
Astronomers using NSF’s Green Bank Telescope discovered the most massive neutron star ever- MSP J0740+6620
Astronomers at West Virginia University (U.S) using Green Bank Telescope (GBT) of the National Science Foundation (NSF) in Pocahontas County, United States (US) have discovered the most massive neutron star ever called MSP J0740+6620. It is one of the densest objects in the known universe. The research was published in the journal Nature Astronomy.
Key Points:
i. It weighs 2.14 times more than the Sun occupying a space that was only 30 kilometers across.
ii. It is located some 4,600 light-years away from Earth. One light-year is about six trillion miles.
iii. The previous massive neutron star was J0348+0432, with a mass about 2.01 solar masses.
About neutron stars:
Neutron stars are objects formed from the collapsed cores of large stars following a supernova explosion. They are also known as pulsars due to the pulses of radiation they emit as they rotate at high speeds.
ISRO and DRDO join hands for ‘Gaganyaan’ mission
On September 18, 2019, The Space agency of the Government of India(GoI), Indian Space Research Organization (ISRO) and the Defense Research and Development Organization (DRDO) signed a Memorandum of Understanding (MoU) to develop human-centric systems for the ‘Gaganyaan’ project.
Key points:
i. A team of ISRO scientists, headed by Dr. S. Unnikrishnan Nayar, director of the Human Space Flight Center (HSFC), entered into agreements with various DRDO laboratories.
ii. Some of the important technologies provided by DRDO to ISRO include food-related technologies in space, health monitoring of space going teams, survival kits, radiation measurement and protection, parachutes, etc.
iii. DRDO is committed to providing all necessary support to ISRO for manned space mission. ISRO plans to demonstrate man’s ability to reach space before the completion of 75 years of India’s independence in 2022.
iv. Gaganyaan: It is a proposed manned space mission by the Government of India (GoI) with an investment of Rs 10,000 crore. This will be India’s first manned mission, to be launched by 2022. On August 15, 2018, the mission was announced by Prime Minister (PM) Narendra Modi in his independence day speech from Red Fort.
About DRDO:
♦ Headquarters: New Delhi
♦ Motto: “Strength’s Origin is in Science”
♦ Founded: 1958
♦ Chairman : Dr G. Satheesh Reddy
About ISRO:
♦ Headquarters: Bengaluru
♦ Founder: Vikram Sarabhai
♦ Founded: 15 August 1969
♦ Director: Kailasavadivoo Sivan
SPORTS
Overview of 10th Asia Pacific Youth Games for 2019 held in Vladivostok, Russia
The 10th Asia Pacific Youth Games for 2019 were held in Vladivostok, Russia. India won a total of 16 gold, 13 silver and 5 bronze medals taking the total to 34 medals in 7 different sports events.
i. The Indian swimming team finished as the overall winners with 8 gold, 5 silver and 1 bronze medal. They also won medals in 4 X 50m Freestyle and 4 X50 m Medley events.
ii. Badminton team won the team Championship gold. The players were trained at the Pullela Gopichand academy in Hyderabad, Telangana……………………Click here to Read more
An official mascot for Beijing Winter Olympics and Paralympics 2022 revealed
On September 17, 2019, The smiling panda, named Bing Dwen Dwen was revealed as the official mascot for Beijing Winter Olympics 2022 at a ceremony held at Shougang Ice Hockey Arena in Beijing, China. A walking Chinese lantern Shuey Rhon Rhon was declared as the official mascot for Winter Paralympics 2022.
Key Points:
i.Description of Winter Olympic mascot: Colorful circles around its face symbolize skating tracks and 5G technology. Bing, the Chinese word for “ice,” shows purity and strength. Dwen Dwen means sincerity, liveliness and health.
ii.Description of Paralympic mascot: It is based on a traditional red lantern. It sports a yellow scarf, a circle of yellow doves around its head and a traditional Chinese paper cutting. “Shuey” means snow in Chinese and the characters for “Rhon Rhon” mean “inclusiveness” and “integration”.
iii.They were selected from over 5,800 submissions from 35 countries.
Olympic games venues:
♦ 2020 Summer Olympics: Tokyo, Japan
♦ 2024 Summer Olympics: Paris, France
♦ 2028 Summer Olympics: Los Angeles, United States
♦ 2026 Winter Olympics: Milan and Cortina d’Ampezzo, Italy
Dutch footballer Virgil van Dijk wins UEFA Men’s Player of the Year 2018/2019,and England’s Lucy Bronze wins in the Women’s category
On August 30, 2019, Dutch football player of the Liverpool team Virgil van Dijk won the 2018/2019 “UEFA (Union of European Football Associations) Men’s Player of the Year award” and ‘Defender of the Season award’. He is the first defender to win the award since its inaugural edition of 2010-11. England player Lucy Bronze of Olympique Lyonnais won the 2019 UEFA women’s player of the year award. She is the first english player to win a UEFA player of the year award.
Key points
i. Barcelona’s Lionel Messi won the “Forward of the Season award” for the 2018/19 UEFA Champions League
Meghalaya’s Hopewel Elias Higher Secondary School clinched the title of 60th edition of U-17 Junior Boys Subroto Cup International Football Tournament 2019
Meghalaya’s Hopewel Elias Higher Secondary School clinched the title of 60th edition of Under-17 Junior Boys Subroto Cup International Football Tournament 2019 by beating Bangladesh Krida Shiksha Prothishtan (BKSP) by a scoreline of 1-0 at the tournament held in Dr. Ambedkar Stadium, New Delhi. It was Asia’s largest youth football tournament.
Key Points:
i. The closing ceremony was presided by Chief of the Air Staff (CAS) Air Chief Marshal BS Dhanoa as the chief guest, and former Indian international footballer, Victor Amalraj was the Guest of Honour.
ii. The winners were awarded Rs 4,00,000 and runners received Rs 2,50,000.
iii. It was organized by the Subroto Mukerjee Sports Education Society (SMSES) under the aegis of the Air Force Sports Control Board (AFSCB) and was supported by the Ministry of Youth Affairs and Sports, Ministry of Human Resource Development and the Sports Authority of India (SAI).
Former India all-rounder, Dinesh Mongia announces retirement from all forms of cricket career
On September 17, 2019, The Former Indian team all-rounder Dinesh Mongia (42) of Chandigarh has announced his retirement from all formats of cricket.
Key points:
i. He played his last international match for the Indian team in 2007 against Bangladesh. Mongia, the left-handed top-order batsman has made his debut against Australia in the year 2001.
ii. He was also a part of the Indian team in the 2003 ICC Cricket World Cup ,where the Indian team was runners-up after losing to Australia.
iii. Mongia played 57 matches in his ODI career in & his best score was against Zimbabwe in a series decision match where he scored 159 runs. He played his only T20 (Twenty20) International against South Africa, in which he scored 38 runs. Mongia also played county cricket in England, being part of the Lancashire and Leicestershire team.
American woman Sarah Thomas became the first person to swim English Channel 4 times non-stop
An American woman Sarah Thomas, aged 37, became the first person to swim the English Channel 4 times non-stop. She successfully completed the 84-mile challenge in 54 hours and 13 minutes.
i. Earlier, 4 swimmers had successfully swam across the English Channel 3 times without stopping.
STATE NEWS
TN unveils ‘Tamil Nadu Electric Vehicle Policy 2019’ with Rs.50,000-cr investment target
On September 16, 2019 the Chief Minister of TamilNadu Shri Edappadi K Palaniswami unveiled new ‘Tamil Nadu Electric Vehicle Policy 2019’ in the state that would attract Rs. 50,000 crore investment and also create 1.5lakh jobs. An EV park is also decided to be created in the future with plug-and-play facilities.
i. Aim: To create Electric Vehicle(EV) ecosystem and also make TN, a preferred hub for EVs and Original Equipment Manufacturer(OEM) that includes charging infrastructure, battery making etc.
ii. Subsidies: 50-100% exemption of road tax will be made for all EVs till the end of 2022, capital subsidies, reimbursement(repayment of paid money) of SGST(State-Goods and Service Tax), land cost subsidy, waivers on registration fee under central govt. policy and special incentives for job-creating EV projects…………………..Click here to Read more
Maharashtra set to become India’s first state to formulate vertical property rules
The cabinet of Maharashtra cleared the “vertical property rules” to create a database of all flats, buildings and commercial complexes with an aim to prevent property-related frauds. It is set to become India’s first state to formulate vertical property rules.
Key Points:
i. The draft rules will be inserted into the Maharashtra Land Revenue Record of Rights and Registers for Apartments and Building Rules 2019 by the Revenue Department of the Maharashtra government.
ii. After the implementation, the current property cards, or 7/12 extract (a property document where there are no city survey numbers) will become the main document of ownership.
iii. The property card of the apartment will be the supplementary document.
Noted Malayalam actor Sathar passed away in Kochi, Kerala
Sathar, veteran Malayalam actor, has passed away in Kochi, Kerala after suffering from liver ailments. He was 67.
i. Born on 25 May 1952, Kadungalloor near Aluva in Ernakulam district of Kerala, has over 300 movies to his credit, including Malayalam, Tamil and Telugu films.
ii. He made his acting debut in 1975 with Malayalam movie Bharyaye Aavashyamundu directed by M. Krishnan Nair & in 1976 with Vincent Master’s directorial Anavaranam.
iii. Some of his famous films include God For Sale, Kaanchi, No. 66 Madura Bus, 22 Female Kottayam, Roudram, Pakal, Arayannangalude Veedu, Kalapam, Lelam, Boxer, Mafia. He has acted in popular Tamil films, including Mayil and Soundaryame Varuga Varuga.
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