Srinagar Police discovered on Saturday an improvised explosive device near the high-security Bakshi Stadium, the main venue of the Rebublic Day celebrations in the Kashmir Valley.
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This was the same spot where militants had set off an explosion minutes before last year's Independence Day function.
Prompt action of the bomb disposal squad helped defuse the five-kilogramme device, which was kept inside a plastic container.
Security has been tightened in the city over the past few days to ensure smooth Republic Day function.