the Lok Sabha has passed the 124th Constitutional Amendment Bill.

In order to provide reservation to economically weaker sections, the Lok Sabha has passed the 124th Constitutional Amendment Bill. The central government is planning to implement ten percent reservation for economically weaker sections of the society.

Features of Bill
The 124th Constitution Amendment Bill features:

The bill states that the people of economically weaker sections of society are excluded from participating in higher educational institutions and public employment due to their financial inability to compete with financially more privileged people.
The Bill has been brought to fulfill commitments under the principles of the state policy listed in Article 46 of the Constitution, which urges the government to protect the educational and economic interests of the weaker sections of society.
This bill amends Article 15 of the Constitution, in which reservation to financially vulnerable sections for admission in educational institutions including private educational institutions, whether in addition to the minority educational institutions, are assisted or non-assisted by the state.
This Bill also makes amendments in Article 16 of the Constitution to provide reservation to economically weaker sections in government posts.
Reservation for economically weaker sections in the bill is 10%.
The Bill states that the criteria for economically weaker sections will be notified by the State from time to time on the basis of family income and other indicators of economic loss.
The government has said that the bill is part of the government's effort to ensure that every poor person, despite caste or creed, lives the life of dignity, and has access to all possible opportunities.