A quantitative model of inertial induction has been earlier proposed by the author which not only results in the exact equivalence of inertial and gravitational masses but also gives rise to an exceedingly small drag dependent on the velocity with respect to the mean rest frame of the universe. This leads to a cosmological redshift in close agreement with the observation. When this velocity drag due to local interaction is considered it is seen that a significant proportion of the secular retardation of the earth’s spin and the moon’s orbital motion can be attributed to this drag. This also resolves the problem of the moon’s close approach to the earth in the past as suggested by a purely tidal friction theory. The observed large secular acceleration of the Phobos is also explained. The present article shows that local interaction also yields a redshift. When applied to the solar radiation it is seen that the observed supergravity shift at the limb can be very satisfactorily explained.