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Monthly DNA
17 Apr, 2020
67 Min Read
India unravels monetary policy measures-G-20 virtual meeting
Part of: GS-II- International organisation –G20 (PT-MAINS-PERSONALITY TEST)
India stressed the role of Finance Ministers and Central Bank Governors of G20 countries in safeguarding the lives and livelihood of people while maintaining macroeconomic stability in a sustainable manner in the backdrop of Covid-19 pandemic.
In her intervention at the virtual session of the Second G20 Finance Ministers and Central Bank Governors meeting, Finance Minister shared the measures taken by Government of India to provide the vulnerable sections with swift, timely and targeted assistance.
In a couple of weeks, India has disbursed financial assistance amounting to 3.9 billion dollars to more than 320 million people so far.
The disbursal is being done with a special focus on direct benefit transfer through digital technology so that the exposure of beneficiaries to public places is minimised.
The monetary policy measures undertaken by Government of India, Reserve Bank of India and other regulators have helped de-freeze the market and catalyse credit flows. These measures include liquidity support of 50 billion dollars, regulatory and supervisory measures for credit easing, relief on debt servicing through moratoriums on instalments of term-loans, eased working capital financing and deferred interest payments on such financing.
G-20 action plan to compact Covid 19
The new G20 Plan to combat Covid19 will guide individual and collective actions of the G20 members in responding to the pandemic in short and medium term. The Action Plan aims to protect lives, safeguard people’s jobs and incomes, restore confidence, preserve financial stability, revive growth and recover strongly. This plan also provides for helping countries needing assistance, coordinating in public health and financial measures and minimising disruption to global supply chain.
The G20 is committed to do whatever it takes to overcome the pandemic, along with the World Health Organization (WHO), International Monetary Fund (IMF), World Bank Group (WBG), United Nations (UN), and other international organizations, working within their existing mandates. We are determined to spare no effort, both individually and collectively, to:
? Protect lives.
? Safeguard people’s jobs and incomes.
? Restore confidence, preserve financial stability, revive growth and recover stronger.
? Minimize disruptions to trade and global supply chains.
? Provide help to all countries in need of assistance.
? Coordinate on public health and financial measures.
India PM view:
PM thanked the King of Saudi Arabia for convening this extraordinary session of G20. In his remarks, PM noted the alarming social and economic cost of the pandemic, He added that 90% of the COVID-19 cases and 88% of deaths were in G20 countries even as they share 80% of world GDP and 60% of world population. He called on the G20 to come out with a concrete action plan to fight the global pandemic.
PM underscored the need to put human beings at the centre of our vision of global prosperity and cooperation, freely and openly share the benefits of medical research and development, develop adaptive, responsive and humane health care systems, promote new crisis management protocols and procedures for an interconnected global village, strengthen and reform intergovernmental organisations like WHO and work together to reduce economic hardships resulting from COVID-19 particularly for the economically weak.
PM called on the Leaders to help usher in a new globalization, for the collective well-being of humankind and have multilateral fora focus on promoting the shared interests of humanity.
PT-PICKUPS
G20 meeting held in Riyadh (Saudi Arabia).
About
The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank.
The G20 membership comprises a mix of the world’s largest advanced and emerging economies, representing about two-thirds of the world’s population, 85% of global gross domestic product, 80% of global investment and over 75% of global trade.
Headquarter: The G20 operates as a forum and not as an organisation. Therefore, it does not have any permanent secretariat or management and administrative structure.
Origin
1997-1999 Asian Financial Crisis: This was a ministerial-level forum which emerged after G7 invited both developed and developing economies. The finance ministers and central bank governors began meeting in 1999.
Amid 2008 Financial Crisis the world saw the need for a new consensus-building at the highest political level. It was decided that the G20 leaders would begin meeting once annually.
Members
The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union.
One nation holds the Chair every year, known as 'G20 Presidency'. Argentina chaired the G20 summit of 2018 and Japan for 2019.
V-Shaped Recovery
Jai Hind Jai Bharat
Source: TH/AIR
Chitra Gene Lamp- N makes confirmatory test results-COVID-19
Part of: GS-III- S&T (PT-MAINS-PERSONALITY TEST)
The confirmatory diagnostic test which detects the N Gene of SARS- COV2 using reverse transcriptase loop-mediated amplification of viral nucleic acid (RT-LAMP) will be one of world’s first few if not the first of its kinds in the world.
The test kit, funded by the DST called Chitra GeneLAMP-N is highly specific for SARS-CoV-2 N-gene and can detect two regions of the gene which will ensure that the test does not fail even if one region of the viral gene undergoes mutation during its current spread.
The tests performed at NIV Alappuzha (authorized by ICMR) show that Chitra GeneLAMP- N has 100% accuracy and match with test results using RT-PCR. This has been intimated to ICMR, the authority to approve it, for COVID-19 testing in India, following which License need to be obtained from CDSCO for manufacture.
Current PCR kits in India enable detection of E gene for screening and RdRp gene for confirmation. Chitra GeneLAMP-N gene testing will allow confirmation in one test without the need for a screening test and at much lower costs.
The detection time is 10 minutes and the sample to result time (from RNA extraction in swab to RT LAMP detection time) will be less than 2 hours. A total of 30 samples can be tested in a single batch in a single machine allowing large number of samples to be tested each day.
Indian Council of Medical Research
Source: AIR
UNORGANISED SECTOR - Unorganised Worker Social Security Act,2007
Part of: GS-II- Labour reforms (PT-MAINS-PERSONALITY TEST)
The Ministry of Labour, Government of India, has categorised the unorganised labour force under four groups depending on occupation, nature of employment, specially distressed categories and service categories. They are:
Under Terms of Occupation:
Small and marginal farmers, landless agricultural labourers, share croppers, fishermen, those engaged in animal husbandry, beedi rolling, labelling and packing, building and construction workers, leather workers, weavers, artisans, salt workers, workers in brick kilns and stone quarries, workers in saw mills, oil mills, etc. come under this category.
Under Terms of Nature of Employment:
Attached agricultural labourers, bonded labourers, migrant workers, contract and casual labourers come under this category.
Under Terms of Specially Distressed Category:
Toddy tappers, scavengers, carriers of head loads, drivers of animal driven vehicles, loaders and unloaders come under this category.
Under Terms of Service Category:
Midwives, domestic workers, fishermen and women, barbers, vegetable and fruit vendors, newspaper vendors, etc., belong to this category.
Unorganised Worker Social Security Act,2007:
An Act to provide for the social security and welfare of unorganised workers. It extends to the whole of India.
The State Government may formulate and notify, from time to time, suitable welfare schemes for unorganised workers, including schemes relating to provident fund; employment injury benefit; housing; educational schemes for children; skill upgradation of workers; funeral assistance; and old age homes.
National Social Security Board:
Functions of National Board:
The National Board shall perform the following functions, namely:—
(a) recommend to the Central Government suitable schemes for different sections of unorganised workers;
(b) advise the Central Government on such matters arising out of the administration of this Act as may be referred to it;
(c) monitor such social welfare schemes for unorganised workers as are administered by the Central Government;
(d) review the progress of registration and issue of identity cards to the unorganised workers;
(e) review the record keeping functions performed at the State level;
(f) review the expenditure from the funds under various schemes; and
(g) undertake such other functions as are assigned to it by the Central Government from time to time.
State level:
Even State Social Security Boards will be formed at the State level headed by the State Ministry of Labour.
District level:
The record keeping functions for the purpose of this Act shall be performed by the District Administration:
Provided that the State Government may direct that the record keeping function shall be performed by—
(a) the District Panchayat in rural areas; and
(b) the Urban Local Bodies in urban areas.
Workers facilitation centres:
The State Government may set up such Workers' facilitation centres as may be considered necessary from time to time to perform the following functions, namely:—
(a) disseminate information on available social security schemes for the unorganised workers;
(b) facilitate the filling, processing and forwarding of application forms for registration of unorganised workers;
(c) assist unorganised worker to obtain registration from the District Administration;
(d) facilitate the enrollment of the registered unorganised workers in social security schemes.
Eligibility for registration and social security benefits.
(1) Every unorganised worker shall be eligible for registration subject to the fulfilment of the following conditions, namely:—
(a) he or she shall have completed 14 years of age; and
(b) a self-declaration by him or her confirming that he or she is an unorganised worker.
(2) Every eligible unorganised worker shall make an application in the prescribed form to the District Administration for registration.
(3) Every unorganised worker shall be registered and issued an identity card by the District Administration which shall be a smart card carrying a unique identification number and shall be portable.
(4) If a scheme requires a registered unorganised worker to make a contribution, he or she shall be eligible for social security benefits under the scheme only upon payment of such contribution.
(5) Where a scheme requires the Central or State Government to make a contribution, the Central or State Government, as the case may be, shall make the contribution regularly in terms of the scheme.
Pradhan Mantri Matru Vandana Yojana:
Pradhan Mantri Matru Vandana Yojana (PMMVY) is a Maternity Benefit Programme that is implemented in all the districts of the country in accordance with the provision of the National Food Security Act, 2013.
Objectives:
Providing partial compensation for the wage loss in terms of cash incentive s so that the woman can take adequate res t before and after delivery of the first living child.
The cash incentive provided would lead to improved health seeking behaviour amongst the Pregnant Women and Lactating Mothers (PW& LM).
Target beneficiaries:
1.All Pregnant Women and Lactating Mothers, excluding PW&LM who are in regular employment with the Central Government or the State Governments or PSUs or those who are in receipt of similar benefits under any law for the time being in force.
2.All eligible Pregnant Women and Lactating Mothers who have their pregnancy on or after 01.01.2017 for first child in family.
3.The date and stage of pregnancy for a beneficiary would be counted with respect to her LMP date as mentioned in the MCP card.
4. Case of Miscarriage/Still Birth :
5. Case of Infant Mortality: A beneficiary is eligible to receive benefits under the scheme only once. That is, in case of infant mortality, she will not be eligible for claiming benefits under the scheme, if she has already received all the instalments of the maternity benefit under PMMVY earlier.
6. Pregnant and Lactating AWWs/ AWHs/ ASHA may also avail the benefits under the PMMVY subject to fulfilment of scheme conditionalities.
Benefits under PMMVY:
Draft Policy on Domestic Workers:
Features
Jai Hind Jai Bharat
Source: TH/IYB
Analysis of Depreciating Rupee
Part of: GS-II- Labour reforms (PT-MAINS-PERSONALITY TEST)
The value of the Indian rupee against dollar has significantly declined to the level of Rs 76 further impacted by COVID-19. Fall in the rupee has become a matter of concern as it can slow down the economic growth, corporate earnings, and can lead to market volatility. Currency depreciation for any developing economy could be a major stumbling block in its growth. It calls for measures to encourage exports and strengthen the manufacturing sector to reduce import overdependence.
Government has announced several steps including steps to curb the import of non-essential goods and encourage the export of domestic goods, which will help in addressing the country’s burgeoning current account deficit. Other steps such as removing restrictions on foreign portfolio investments and encouraging Indian borrowers to issue rupee-denominated ‘masala bonds’ have also been announced to facilitate the inflow of dollars and to de-risk the economy from fluctuations in the exchange rate.
Devaluation of currencies around the world: the dollar has appreciated sharply against most of the other currencies in the world. For instance, it has moved up against both the euro and the pound. Developing countries have suffered the loss of portfolio investment because of their relatively unstable political and economic conditions. Historically, devaluation was used as a tool to curb the balance of payments deficit. The currency was devalued to decrease the price of exports by making them more competitive. Also, the imports in the country became more expensive and its volume got reduced in the economy.
Causes for the Decline
Valuation of Rupee
Any currency, say the rupee, can be overvalued or undervalued. Overvaluation of the currency means that its price in terms of foreign currencies is too high, compared to what it would be with a more appropriate exchange rate. This makes the exports expensive in foreign markets and the imports cheap in the home market. Undervaluation of the currency means the opposite. Its price in terms of foreign currencies is too low so that it discriminates against imports and in favour of exports.
How does the depreciating rupee impact the economy?
NOTE (PT SHOT):
Landed cost is the total cost of a commodity or a product when it lands at the ports of the country importing the commodity/product from another country. It includes the manufacturing cost of the product, all transportation costs, customs, duties, taxes, currency conversion, crating, handling charges and payments etc.
Corrective Actions
A Brief History of Rupee
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Conclusion
Source: Web
Scientist’s unravelled biggest star explosion ever seen
Part of: GS-III- S&T - Space (PT-MAINS-PERSONALITY TEST)
The supernova, releasing twice as much energy as any other stellar explosion observed to date, occurred about 4.6 billion light years from Earth in a relatively small galaxy. A light year is the distance light travels in a year, 5.9 trillion miles (9.5 trillion km) PT SHOT.
Believed to be a type of supernova that until now has only been theorized. Astrophysicist said two very massive stars - each about 50 times the sun’s mass - may have merged to make one extremely massive star roughly 1,000 years before the explosion. They had been part of what is called a binary system with two stars gravitationally bound to each other.
The merged star exploded in a supernova, formally named SN2016aps, inside a very dense and hydrogen-rich envelope.
Stars die in various different ways depending on their size and other properties. When a massive star - more than eight times the mass of our sun - uses up its fuel, it cools off and its core collapses, triggering shock waves that cause its outer layer to explode so violently that it can outshine entire galaxies.
“Pulsational pair-instability is when very massive stars undergo pulsations which eject material away from the star
“This discovery shows that there are many exciting and new phenomena left to be uncovered in the universe.
Gravitational waves
Source: AIR/TH
The plasma enrichment techniques, and antibodies from the blood of patients who have recovered from Covid-19 are used to treat severely infected patients. It is aimed at assessing the efficacy of convalescent plasma to limit complications in Covid-patients.
Source: TH
Clinical research company Nucleus Network revealed that it would test the effectiveness and safety of a Recombinant Spike Protein Nanoparticle vaccine, NVX-CoV2373, developed by a US-based Biotechnology Company.
A small group of healthy volunteers would be recruited for the trial to test the effectiveness of this vaccine. The human trial procedures would involve four phases, following strict protocols to make sure it was safe and effective before being released to the public.
Source: AIR
India has decided to supply anti-malarial drug hydroxychloroquine to 55 countries. Government sources said, out of these, 21 countries will get the drug on a commercial basis and other countries will receive it on a grant in very small quantities.
India will soon get COVID19 testing kits from South Korea. Indian missions have also taken quotations for testing kits from vendors in the UK, Malaysia, France, Germany, Japan and the US. They are coordinating with major agencies for PPE kits and the country will soon get a huge consignment of PPE kits.
About Hydroxychloroquine
Hydroxychloroquine Issue
Source: AIR
Home Ministry has directed that the Zoom meeting platform should not be used by government officials and offices for any purpose. An advisory Ministry of Home Affairs has cautioned against the use of this platform. It further stated that even private users should ensure that Cert-in advisory regarding the use of this platform should be followed. The Cert-in advisory is mainly focused on the prevention of unauthorised entry in the conferences and it also prevents participants to carry out any malicious activity on the terminal of other participants. Private users have been advised to refer to the Cert-in advisory on its website to restrict users through access to passwords. Zoom platform has been used for holding video conferences in light of the lockdown imposed in many countries. Many leading private companies have already restricted usage of this platform amid growing concerns over its security.
CERT-In
CERT-In (the Indian Computer Emergency Response Team) is a government-mandated information technology (IT) security organization. The purpose of CERT-In is to respond to computer security incidents, report on vulnerabilities and promote effective IT security practices throughout the country. CERT-In was created by the Indian Department of Information Technology in 2004 and operates under the auspices of that department. According to the provisions of the Information Technology Amendment Act 2008, CERT-In is responsible for overseeing the administration of the Act. In the recent Information Technology Amendment Act 2008, CERT-In has been designated to serve as the national agency to perform the following functions in the area of cyber security:
• Collection, analysis and dissemination of information on cyber incidents.
• Forecast and alerts of cyber security incidents
• Emergency measures for handling cyber security incidents
• Coordination of cyber incident response activities.
• Issue guidelines, advisories, vulnerability notes and whitepapers relating to information security practices, procedures, prevention, response and reporting of cyber incidents.
• Such other functions relating to cyber security as may be prescribed.
The Indian Computer Emergency Response Team (CERT-In) has signed cooperation pacts with its counterparts in Malaysia, Singapore and Japan for cyber security. The Memoranda of Understanding (MoUs) will promote closer cooperation for the exchange of knowledge and experience in the detection, resolution and prevention of security-related incidents between India and the three countries.
Source: AIR/TH
SpaceX will get a portion of a $7 billion NASA contract to use its biggest rocket, Falcon Heavy, to send a new “Dragon XL” spacecraft to the Lunar Gateway, an outpost NASA plans to build that will orbit the moon sometime within the next decade.
The Dragon XL spacecraft, the latest variant in Musk’s lineup of so-called Dragon cargo and astronaut capsules, will carry research supplies that will help future astronauts on the surface of the moon collect lunar samples, a NASA announcement said.
The Dragon variant, which would be docked at the orbital station for six to 12 months per mission, is “optimized to carry more than 5 metric tons of cargo to Gateway in lunar orbit,”
Source: AIR
Telemedicine
The World Health Organization (WHO) refers to telemedicine as “healing from a distance“. It is the use of telecommunications technology and information technologies to provide remote clinical services to patients. Physicians use telemedicine for the transmission of digital imaging, video consultations, and remote medical diagnosis.
Telehealth as “the utilization of electronic information and telecommunications technologies to support and promote long-distance clinical health care, patient and professional health education, public health and health administration.”
While this definition sounds a lot like telemedicine, there is one distinct difference. Unlike telemedicine, telehealth also covers non-clinical events like administrative meetings, continuing medical education (CME), and physician training. Telehealth is not a specific service, but a collection of methods to improve patient care and education delivery.
The recent activities under Telemedicine Programme involved migration and operationalisation of the nodes which were affected due to non-availability of EDUSAT (GSAT-3).
Most of 190 nodes operating on EDUSAT were migrated to operational GSAT-12 satellite. Around 139 nodes are now operational on INSAT-3A and the remaining nodes on INSAT-3C and INSAT-4A satellites. ISRO is in the process of bringing in annual maintenance support for the Telemedicine systems to ensure continuity of service.
A Telemedicine monitoring node is established in DECU, Ahmedabad which is used for testing and supporting users for minor troubleshooting, etc.
Telemedicine is simply defined as, “the remote delivery of healthcare services“. There are 3 common types of telemedicine, which include but not limited to:
Opportunities for telemedicine
Developments in Telemedicine
Disadvantages of telemedicine
Augmented Reality Vs Virtual Reality
One of the biggest confusions in the world of augmented reality is the difference between augmented reality and virtual reality.
Virtual reality (VR) is an artificial, computer-generated simulation or recreation of a real life environment or situation. It immerses the user by making them feel like they are experiencing the simulated reality first hand, primarily by stimulating their vision and hearing.
VR is typically achieved by wearing a headset like Facebook’s Oculus equipped with the technology, and is used prominently in two different ways:
Virtual reality is possible through a coding language known as VRML (Virtual Reality Modeling Language) which can be used to create a series of images, and specify what types of interactions are possible for them.
Augmented reality (AR) is a technology that layers computer-generated enhancements atop an existing reality in order to make it more meaningful through the ability to interact with it. AR is developed into apps and used on mobile devices to blend digital components into the real world in such a way that they enhance one another, but can also be told apart easily.
AR technology is quickly coming into the mainstream. It is used to display score overlays on telecasted sports games and pop out 3D emails, photos or text messages on mobile devices. Leaders of the tech industry are also using AR to do amazing and revolutionary things with holograms and motion activated commands.
Augmented Reality vs. Virtual Reality
Augmented reality and virtual reality are inverse reflections of one in another with what each technology seeks to accomplish and deliver for the user. Virtual reality offers a digital recreation of a real life setting, while augmented reality delivers virtual elements as an overlay to the real world.
Differences between Augmented Reality and Virtual Reality:
Purpose
Augmented reality enhances experiences by adding virtual components such as digital images, graphics, or sensations as a new layer of interaction with the real world. Contrastingly, virtual reality creates its own reality that is completely computer generated and driven.
Delivery Method:
Virtual Reality is usually delivered to the user through a head-mounted, or hand-held controller. This equipment connects people to the virtual reality, and allows them to control and navigate their actions in an environment meant to simulate the real world.
Augmented reality is being used more and more in mobile devices such as laptops, smart phones, and tablets to change how the real world and digital images, graphics intersect and interact.
Similarities between Augmented Reality and Virtual Reality:
Technology
Augmented and virtual realities both leverage some of the same types of technology, and they each exist to serve the user with an enhanced or enriched experience.
Entertainment
Both technologies enable experiences that are becoming more commonly expected and sought after for entertainment purposes. While in the past they seemed merely a figment of a science fiction imagination, new artificial worlds come to life under the user’s control, and deeper layers of interaction with the real world are also achievable. Leading tech moguls are investing and developing new adaptations, improvements, and releasing more and more products and apps that support these technologies for the increasingly savvy users.
Science and Medicine
Additionally, both virtual and augmented realities have great potential in changing the landscape of the medical field by making things such as remote surgeries a real possibility. These technologies been already been used to treat and heal psychological conditions such as Post Traumatic Stress Disorder (PTSD).
Source: TH/WEB
Indian Aviation
Challenges
Infrastructure related problems:
Poor Financial Health of Indian Airlines:
Air Safety and Security is another challenge.
Solutions:
Infrastructure:
Financial Health:
Maintenance and Repairing Organizations (MRO) should be started in India.
Carrying Cargo is a solution for poor performing Airlines. The Civil Aviation Minister also recently said that Government is thinking on ‘Cargo Policy’.
Tie-Ups with other departments are required to improve Cargo Traffic.
India Outbound is growing very well. This is needed to be linked with India’s Foreign Policy to ensure that growth takes all over.
Vision 2040 Document
The Ministry of Civil Aviation on January 15,2019 unveiled the Vision 2040 document, which highlights the growth potential in different sub-sectors of Indian aviation and the key action steps are required to be taken to achieve the desired objective.
• As per the document the total passenger traffic (to, from and within India) in India is expected to rise nearly six-fold from 187 million in FY 2018 to around 1124 million in FY 2040.
• This includes around 821 million domestic passengers and around 303 million international passengers (to and from India).
Details about the vision document
• The overall CAGR works out to around 9% in domestic and 7% in international traffic during FY 2018-2040, it said adding that since aviation is a longterm plan, aircraft procurement, airport development, air navigation system changes and skill development should be done in a cohesive manner.
• Rather than having five-year plans, the document talks about India having a robust 20-year plan that lays out the targets and the path to get there along with time lines and clear accountability.
• The technology developments like artificial intelligence, machine learning, blockchain, biometrics, composites, super-alloys, biofuels etc. are changing the face of aviation and it is humanly impossible to predict the oil price or the exchange rate a month down the line, much less the impact of technology 10 years hence.
• The vision document said with the right policies and a relentless focus on execution, India can surprise the world by not just meeting but exceeding the Vision 2040 targets.
• “India is the seventh-largest country by area and the second-most populous with over 1.35 billion people. It’s one of the fastest growing economies of the world and likely to become the fifth largest in 2019.
• The Indian aviation market is on a high growth path. Total passenger traffic to, from and within India, during Apr-Nov 2018 grew by around 15% year on year as compared to around 6% globally.
• India is now the seventh largest aviation market with 187 million passengers (to, from and within India) in FY2017-18,” it added. It is expected to be third largest by 2022, it said.
• As per the document initiatives like Nabh Nirman (for airport capacity augmentation), Digi Yatra (for paperless travel) and AirSewa (for online passenger grievance redressal) are bringing in radical changes.
• The tax structure for Aviation Turbine Fuel (ATF), Maintenance, Repair and Overhaul (MRO) and aircraft leasing may be gradually aligned with leading global jurisdictions.
• It said that the government may consider establishing a Nabh Nirman Fund (NNF) with a starting corpus of around $2 billion to support low traffic airports in their initial phases.
• The concept of land pooling may be used to keep land acquisition costs low and to provide landowners with high value developed plots in the vicinity of the airport.
• It also said DGCA may be converted into a fully-independent Civil Aviation Authority, with its own sources of funding and freedom to recruit professionals at market-linked salaries.
• Most transactions with DGCA will be automated with minimal human interface.
Source: TH/TRSTV
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