Shared Economy
    The shared economy in India is estimated to be an about $2 billion industry by the end of the current year, according to a recent report by Maple Capital Advisors.
    Sharing economy (also known as share economy or collaborative consumption or peer economy) is a hybrid market model (in between owning and gift giving) which refers to peer-to-peer-based sharing of access to goods and services (coordinated through community- based online services). The concept is not new. The sharing of resources is for example well known in business-to-business (B2B) like heavy machinery in agriculture and forestry as well as in business-to-consumer (B2C) like self-service laundries.
    The ‘shared economy’ includes segments such as co-working (Awfis, WeWork India), co-living (Stanza Living, OYO Life, Oxford Caps), shared mobility (Uber, Ola, Shuttle) and furniture rental (Furlenco, Rentomojo.)
Grand Ethiopian Renaissance Dam
    Grand Renaissance Dam, which Ethiopia is building, will be Africa's biggest hydroelectric power plant. Its construction began in 2011 on the Blue Nile tributary in the northern Ethiopia highlands, from where 85% of the Nile's waters flow.
    However, the mega dam has caused a row between Egypt and Ethiopia, with Sudan caught in between, which some fear could lead to war, and the US is now helping to mediate.

Article 114 and Appropriation Bill
    The government recently introduced the Appropriation Bill in the lower house of Parliament after discussions on Budget proposals and Voting on Demand for Grants. The Appropriation Bill is first passed by the Lok Sabha and then sent to the Rajya Sabha. The Rajya Sabha has the power to recommend any amendments in this Bill. However, it is the prerogative of the Lok Sabha to either accept or reject the recommendations made by the upper house of Parliament.
    Appropriation Bill is a money bill that allows the government to withdraw funds from the Consolidated Fund of India to meet its expenses during the course of a financial year. As per Article 114 of the Constitution, the government can withdraw money from the Consolidated Fund only after receiving approval from Parliament.
Differences between LPG, CNG and LNG
Natural gas price may go up by 18% from next month. The increase will mean a spike in prices of piped cooking gas (LPG) and compressed natural gas (CNG) used as transportation fuel. Comparably, Crisil Research estimates spot Liquefied Natural Gas (LNG) prices to be in the range of $6.5-7 per mBtu.
Liquefied Petroleum Gas (LPG)    Compressed Natural Gas (CNG)
    Liquefied Natural Gas (LNG)

This fuel manly comprises of propane, produced as a by-product of natural gas processing and petroleum refining. Heavier than air, there is a high tendency for LPG to settle and accumulate in low areas, resulting in explosion hazards. Other than risks of explosion, it is often too costly for non-domestic uses.     It is a type of natural gas that is made up of mostly methane, drawn from a gas well or from crude oil production. It is stored in high-pressure tanks. With natural gas compressed down to only 1% of its original volume, it is much cheaper and more convenient for transportation.In addition to increased portability and reduced cost, CNG is also a much cleaner fuel, making it a popular transportation fuel for large vehicles.
    The introduction of natural gas into the world began with the use of pipeline systems. However, with technological advances, natural gases can now be delivered via conventional transportation such as trucks and Lorries. This is done so through cooling Methane gas to -161°C and by which it gets converted into LNG, a liquefied natural gas that is 1/600th the volume of its gaseous form.Along with improvements in infrastructure that has greatly reduced the cost of storage, production and transportation, LNG offers a great advantage over the above fuels.
Sukhna Lake
    The Punjab and Haryana High Court recently has asked the Punjab and Haryana governments to stop illegal structures mushrooming in the eco-sensitive catchment zone of Chandigarh’s Sukhna Lake. Declaring the lake a “living entity”, the Court directed that all illegal constructions in the catchment zone be demolished within three months. Invoking the ‘polluter pays’ principle of environmental law, the Court said in its order: “The States should have taken precautionary measures to save the catchment of Sukhna lake.” Thus for the Lake’s survival, preservation and conservation, the Court declared the Lake a legal entity/legal person/juristic person/juridicial person/moral person/artificial person with the rights, duties and liabilities of a living person.
    Precedent exists in India- This is not the first time a water body has been declared a living, legal entity. In 2017, the Uttarakhand High Court had declared the Ganga and Yamuna rivers “living entities”, but the order was struck down by the Supreme Court after the State government put forward several arguments, including that these rivers flow through multiple states, the responsibility for their well-being lies with the Centre and not any individual state.

Article 80
President of India, recently nominated Justice Gogoi to the Rajya Sabha under Article 80(1)(a) of the Constitution, which says that the Council of States (Rajya Sabha) shall consist of 12 members to be nominated by the President in accordance with the provisions of clause (3). Clause (3) of Article 80 says that the members to be nominated shall consist of persons having special knowledge or practical experience in respect of such matters as the following, namely, literature, science, art and social service.
Indian Strategic Petroleum Reserve Limited
    India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves (SPR). Global oil prices have fallen around 40% in March as the impact of the coronavirus pandemic has destroyed demand.
    India, the world's third biggest oil importer and consumer, imports about 80% of its oil needs and has built strategic storage at three locations in southern India to store up to 36.87 million barrels of oil or about 5 million tonnes to protect against supply disruption.
    Indian Strategic Petroleum Reserves Ltd (ISPRL), a company charged with building of strategic storage, has signed a memorandum of understanding (MOU) with the UAE's national oil company ADNOC for the lease of half of its 2.5 million tonnesPadur facility.


Indira Gandhi MatritvaPoshanYojna
Strengthening its efforts to tackle high level of maternal and child malnutrition in the state, Rajasthan has decided to extend the benefits of the Indira Gandhi MatritvaPoshan Yojana (IGMPY) in four tribal districts to pregnant women expecting their second child. In the pilot phase, the scheme would be rolled out in four districts - Banswara, Dungarpur, Pratapgarh and Udaipur.
Sir Creek
At the third edition of WION’s global summit held in Dubai, former Pakistan Minister Kasuri recalled the plan for the Sir Creek Pact. The dispute over Sir Creek lies in the interpretation of the maritime boundary line between Kutch and Sindh. This dispute has been going on for a long time, and even after several rounds of long drawn out dialogues between India and Pakistan since 1989, no concrete settlements have been made and a final resolution remains elusive.
 
Herd Immunity and community transmission
    Covid-19, the global pandemic has infected over a million people across the world.
    Community transmission: This is the possibility in which the virus enters the community and a substantial portion of the population gets infected. Moreover, the people who are more vulnerable in the community can die due to the infection.
    However, in the process of the community transmission, the population starts becoming immune to the infection, causing the positive cases to slow down and eventually causing the virus to become ineffective. Known as the principle of herd immunity, this situation is almost inevitable once community transmission commences. For the novel coronavirus, herd immunity will mean about 55% to 60% of the population to be infected. But, this process could harm a large number of individuals.

Wings India 2020
The four-day civil aviation business exhibition and air show, Wings India 2020 was held recently. The biennial event was organized by Federation of Indian Chambers of Commerce and Industry (FICCI) along with Ministry of Civil Aviation.

Earth Hour
    It is a World Wildlife Fund for Nature (WWF)’s annual initiative which held on the last Saturday of Marchsince 2007.
    The event was first started in Sydney, Australia. The main aim of the initiative is to call attention towards climate change, global warming and loss of biodiversity and promote conservation and sustainable energy.
    People from more than 180 countries are encouraged to switch off the lights from 8.30 pm to 9.30 pm as per their local time to support the cause of environmental protection.
    In year 2020 it was celebrated on 28th March with main focus on eliminating single-use of plastic which is one of the major causes for marine life contamination. The focus was also on preserving biodiversity and nature along with preventing climate change.

Kurzarbeit Scheme
    Kurzarbeit is German for “short-work”.
    Kurzarbeit scheme provides for a short-time work allowancewhich partially compensates for lost earnings during uncertain economic situations.
    The policy was rolled out during the 2008 economic crisis while its origins date back as far as the early 20th century, before and after World War I.
    In eve of recent developing economic crises due to outbreak of corona virus multiple organisations are suggesting to apply this scheme worldwide.