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Demonetization of currency means discontinuity of the particular currency from circulation and replacing it with a new currency. In the current context it is the banning of the 500 and 1000 denomination currency notes as a legal tender. The government’s stated objective behind the demonetization policy are as follows; first, it is an attempt to make India corruption free. Second it is done to curb black money, third to control escalating price rise, fourth to stop funds flow to illegal activity, fifth to make people accountable for every rupee they possess and pay income tax return. Finally, it is an attempt to make a cashless society and create a Digital India. There is a background to the current decision of demonetization of 500 and 1000 rupee notes. The government has taken few steps in this direction much before its November 8, 2016 announcement. As a first step the government had urged people to create bank accounts under Jan Dhan Yojana. They were asked to deposit all th

Caste based reservation has been questioned in India since its inception(Starting).The idea that people of a minority community deserve benefits has not gone down well with many of the majority. But the biggest question is whether caste based reservation is fair, given that the creamy layer gets most of the benefits? Many propose that income based reservation will solve India’s problems and turn the demographic disaster into a demographic dividend. Reservation is a critical issue for Indian youth. Case for Income Based Reservation 1. Reservation should be for the poor: To provide equal opportunity as far as equity is concerned, reservation policy should be associated with economic status and rich/poor classification. This will prevent the privileged classes in minority communities from unduly benefiting from caste based reservation, whether it is in government jobs or medical admissions. 2. Income based reservation will help urban-rural population: India still lives in her