15-10-21 Daily -Goa- GPSC Current Affairs

The Federation of Film of Goa (FFFG), on Thursday, demanded that the Entertainment Society of Goa clear the files of the film subsidies pending for six years. The delegation was led by Konkani filmmaker Laxmikant Shetgaonkar who said that the delay in subsidy has resulted in an economic crisis in the local film Industry and reduction in the number of films produced locally.

The state,

which hosts an international event on cinema (IFFI), has failed miserably to support its local filmmakers, Shetgaonkar added.

Presently more than 45 film producers are awaiting subsidy for the films they have made since the past six years. Uncertainty over the government subsidy has resulted in low response to film production amongst investors and financiers.

FFFG warned that it will involve all artists, technicians, Trade Unions including IMPPA, FFI and launch their agitation beginning November 1.

As per IMF, Indias retail relaxed in September 2021, reducing to a five-month low. This was because of favourable comparison with year

2020 and moderating food prices that offset an increase in the cost of crude oil & fuel.

Consumer price inflation decreased sharply to 4.35% in September 2021 as compared to 5.3% in August. This was the third consecutive month within the Tolerance band of Reserve Bank Of India (RBI).

In September 2020, Consumer Price Index-based (CPI) inflation was 7.27%.

According to NSO Data, inflation in food basket relaxed to 0.68% in September 2021, significantly decreased by 3.11% as compared to August.

Government has tasked the Reserve Bank of India (RBI) to keep CPI-based inflation at 4%, with a tolerance band of 2% on both the sided. RBI usually factors in CPI-based inflation while launching its bi-monthly Monetary Policy.

The Department of Biotechnology launched a One Health consortium on October 14, 2021 in virtual mode.

One Health Consortium has been empowered to carry out surveillance of important

viral, bacterial, & parasitic infections of zoonotic and transboundary pathogens in India.

This

project will also look into use of existing diagnostic tests and development of additional methodologies to conduct surveillance and understand the spread of emerging diseases.

Central Government has given its approval to invite the expression of interest for installation of pilot 1000 MWh Battery Energy Storage System

(BESS) project.

This pilot project is the joint effort of Ministry of New & and Ministry of Power.

Both the ministries have been working on this in order to provide a road map for installation of energy storage system in India.

The Battery Energy Storage System (BESS) will be set in a bid to support the ambitious goal of achieving 450 GW renewable energy target by the Ministry of New & renewable energy by 2030.

India and the United States are set to start a 15-day mega military exercise in Alaska from October 15, 2021 in a bid to further deepen bilateral military cooperation between both the countries.

Year 2021 will mark the 17th edition of the exercise Yudh Abhyas.

Exercise will be conducted at Joint Base Elmendorf Richardson in Alaska.

It will

commence from October 15 and end on 29.

Indian contingent

At the exercise, the Indian contingent will comprise of 350 personnel from an infantry battalion group of Indian Army.

Background

The previous (16th) edition of the exercise took place in February 2021 in Mahajan Field Firing Ranges in Bikaner.

Ernst & Youngs (EY) (RE) Country Attractiveness Index was recently published in which India has been ranked at 3rd position.

RE Investment attractive index ranks the worlds top 40 nations with respect to attractiveness of their deployment opportunities and renewable energy

In the index, India retains its third position while US retains the top position.

China has been ranked at second position.

As per report, conditions are ripe for rapid Growth across renewables generation. The major challenge will be inadequate grid investments.

According to Index, corporate power purchase agreements were the key driver of clean energy growth in the Light that, Environment, social, and

Governance measures are becoming top agenda for companies and investors.

Huge demand was there as Brussels kicked off its efforts for becoming worlds biggest issuer of sustainable debt.

Euro 12bn sale of 15-year debt attracted about Euro 135bn of orders.

This was the largest green bond deal, eclipsing the UKs 10bn debut in the month of September.

This issue of recent bond is the first of an expected 250bn

of European Commission green . It makes about a third of the EUs 800bn Covid-19 recovery fund.