Current Affairs – July 2016

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BRICS policy planning dialogue concludes in Patna

The BRICS Policy Planning Dialogue was successfully concluded in Patna, Bihar. Delegates of BRICS countries – Brazil, Russia, India, China and South Africa had attended the meeting.

The two day (25-26 July 2016) dialogue provided a common platform to BRICS countries for sharing of best practices in foreign policy planning and assessment between the BRICS countries.

Key Highlights of dialogue

  • It forwarded the Policy Planning talks initiated under the Chairmanship of Russia in 2015 in line with 2016 theme of “Building Responsive, Inclusive and Collective Solutions”.
  • Discussions on exchanges on strategic assessments of international situation and regional situation of each country were held.
  • They also discussed the role of BRICS in international governance, ongoing cooperation at BRICS Forum and reflected on areas of convergence among BRICS.
  • They also discussed ways to enhance sharing of best practices in foreign policy planning and assessment between the BRICS countries.

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Rio bound shot putter Inderjeet Singh fails dope test: NADA

India’s Rio Olympics bound shot putter Inderjeet Singh (28) has been tested positive for a banned substance.

In the out-of-competition test conducted by National Anti-Doping Agency (NADA), Inderjeet’s ‘A’ sample was tested positive for a banned steroid.

The NADA has asked Inderjeet Singh if he wants to test his ‘B’ sample and if so, to do this within seven days.

If his ‘B’ sample also tests positive, he will have to miss 2016 Rio Olympics Games in August 2016. Besides, he may be banned for four years under the new WADA Code.

Inderjeet Singh had won a bronze medal in the 2014 Asian Games. He had won the gold medal at the Asian Athletics Championships in 2015. He had qualified for the 2016 Olympics by achieving qualification mark with a throw of 20.65 m in May 2015 at 19th Federation Cup.

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Flipkart acquires Jabong through fashion portal Myntra

Homegrown e-commerce giant Flipkart acquired online fashion portal Jabong through its fashion unit Myntra.

It is said that Jabong was acquired by Flipkart in a cut-price deal that values the online fashion store at 70 million dollars.

This acquisition will help Flipkart to strengthen its position in Fashion and Lifestyle e-commerce segment in order to compete with Amazon Fashion in India.

About Jabong

  • Jabong was founded in 2012. It was owned by Global Fashion Group (GFG).
  • It offers more than 1,500 international high-street brands, sports labels, Indian designer and ethnic labels and over 150,000 styles from more than 1,000 sellers.
  • In September 2014, Jabong was merged with four online fashion retailers in Latin America, Russia, South-east Asia, Middle East to create GFG by its investor Rocket Internet.

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