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In economics, a reservation (or reserve) price is a limit on the price of a good or a service. On the demand side, it is the highest price that a buyer is willing to pay; on the supply side, it is the lowest price a seller is willing to accept for a good or service. Reservation prices are commonly used in auctions, but
Reservation is a system of affirmative action in India that was established during the British rule.Based on provisions in the Indian Constitution, it allows the Union Government and the States and Territories of India to allocate a specific percentage of reserved quotas or seats, in higher education admissions, employment, political bodies, etc., for "socially and economically backward citizens".
The constitution recognized social and educational backwardness, but not economic backwardness. The court upheld separate reservation for OBC in central government jobs, but excluded these to the "creamy layer" (the forward section of a backward class, above a certain income). [8] [unreliable source?] [9] At no point should the reservation ...
Reservation policy in Bihar is a system of affirmative action that provides historically disadvantaged groups representation in education and employment. Reservations in the state rose from 60 percent in 2021 to 75 percent in 2023. [1] In June 2024, Patna High Court struck down the new reservation policy. [2]
The Anglo-Indian community was the only community in India that had its representatives nominated to the Lok Sabha (lower house) in the Parliament of India. This right was secured from Jawaharlal Nehru by Frank Anthony, the first and longtime president of the All India Anglo-Indian Association. The President nominated two Anglo-Indian members ...
This was done in response to a public interest litigation — Ashoka Kumar Thakur vs. Union of India. The Court held that the 1931 census could not be a determinative factor for identifying the OBCs for the purpose of providing reservation. The supreme court also observed, "Reservation cannot be permanent and appear to perpetuate backwardness". [9]
Parliamentarians of INC proposed an unsuccessful amendment to the bill with the aim of facilitating the implementation of women's reservation in the year 2024. M. Thambidurai of All India Anna Dravida Munnetra Kazhagam in an expression of contentment conveyed his satisfaction on passage of this women's reservation bill. He further emphasized ...
The Fourteen Points of Jinnah were proposed by Muhammad Ali Jinnah in response to the Nehru report.It consisted of four Delhi proposals, the three Calcutta amendments, demands for the continuation of separate electorates and reservation of seats for Muslims in government services and self-governing bodies.