19.10.21 Daily GPSC Current Affairs

Gujarat government proposes to cut financial benefits in agro-business policy
The Gujarat government will shortly announce its new agro-business policy for the period of 2021-2026 to give a boost to the employment-generating sector.
While the government has proposed to reduce key financial benefits being offered in the current policy (2016 to 2021), agro-business industries will be able to enjoy dual benefits from Centre and state policies for the sector.
Under the proposed new policy, the most significant feature will be that industries will be allowed to avail dual benefits of policies offered by the government of India and government of Gujarat. Under the present policy, benefits can be availed under any one policy only. This policy change is expected to attract more industries to state.


Russian Team Returns Earth After Filming First Movie In Space

A Russian film crew is back on Earth after wrapping up scenes for the first movie shot in space on 17 October.

The movie has been in its kind of space race.

Tom Cruise is also part of a Hollywood filming-in-space project that involves NASA and Elon Musk’s SpaceX.

The plot is tightly under the warps and is said to be about a surgeon dispatched to ISS to save a cosmonaut.

India US – Exercise Yudh Abhyas

The India US 15-day mega military exercise called Yudh Abhyas started on 15 October in Alaska.
The Exercise aims to deepen bilateral military cooperation between both countries and improve understanding, cooperation, and interoperability between India and the USA armies.

It will also focus on combined arms tactics in cold climatic conditions.

The principal aim of the exercise is to share tactical level drills and learn best practices from each other.

New Defense Companies Given To India

Seven new defence companies were dedicated to India by the Defence Ministry on 15 October. Highlights
All these companies started operating on 1 October as the government decided to convert the
200-year-old OFB government department to seven 100 per cent government-owned corporate entities.

It was converted to enhance efficiency, functional autonomy, unlock new growth potential & innovation, and improve India’s self-reliance in defence preparednes

G20 Innovation League Unveiled By Italy

The G20 Innovation League was disclosed under the Italian Presidency to create a sustainable future.
This new Initiative was designed to run innovative projects to create a sustainable future.

This will bring in innovative startups from the G20 countries and investments and institutions to develop and collaborate on innovative sustainable business projects.


Working Group Set Up For PMFBY

Working Group is set up to launch the Pradhan Mantri Fasal Bima Yojana from the 2022 Kharif Season.

The Working group has Officials from the Centre, top executives of public sector insurance companies and vital crop-producing states.

The Working group will suggest “sustainable, financial and operational models.”

It was created after several states left the scheme, which breaks the purpose of protecting farmers’ income.

This working group will address the demand for an alternative model to deliver sustainable capacities of insurers.

It will also achieve deliberated premium pricing to cut the subsidy burden on the government. The Working Group will give its report in the next six months.

PM Inaugurate Kushinagar International Airport On 20 October

PM Narendra Modi will inaugurate the Kushinagar International Airport on 20 October. Highlights:
The inaugural flight will land at the airport from Colombo, Sri Lanka, carrying 125 dignitaries & Buddhist Monks.

Ambassadors of several countries will join the ceremony, and a special delegation from Sri Lanka will also be at the inauguration ceremony.
UP chief minister Yogi Adityanath discussed the arrangements for the inauguration ceremony of the international airport in the Kushinagar district.

Kushinagar is where Gautam Buddha attained Mahaparinirvana.

It is also the centre point of the Buddhist circuit, which consists of pilgrimage sites at Lumbini, Sarnath and Gaya.

The airport will serve a population of more than two crores since the airport has around 10-15 Districts and will be an excellent support for the large migrant population.

This will also boost the opportunities to export horticultural products like bananas, Strawberries and Mushrooms.

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