 statement of objects and reasonswith the enforcement of economic reforms and with the advent of liberalisation of economy since 1991, greater emphasis in government's economic policy is being given to free trade, business and industry the economy has, so to say, been transformed from protected economy, into liberal economy with emphasis on free enterprise with india having signed the agreements as a member of the world trade organisation, more and more of public sector enterprises are being passed into private hands, workers' co-operatives or being transformed into joint-sector enterprises with increasing private equity and jointventures with foreign countries, non-resident indians or multinational organisations in this scenario the public sector is shrinking fast and the provision for reservations of posts and jobs for weaker sections of the society, as contemplated under article 16(4) or under the mandal commission report, being restricted only to appointments to services and posts in connection with affairs of the union and the state government are losing their significance, in so far as protection of the interests of the scheduled castes, scheduled tribes and backward classes are concerned time has come and situation has arisen when the spirit of the provisions of the constitution and the mandal commission recommendations should be extended to cover besides the services of the 'state', the joint sector, private sector, co-operative enterprises and other organisations even after 53 years of independence, the scheduled castes, scheduled tribes and other socially and educationally backward classes of citizens continue to suffer deprivation and are denied their due share of opportunities for development and their upliftment moreover, supreme court, has through recent judgements, such as those in indra sawhni and ajit singh (//) cases, tried to lay down a restricted interpretation of the provisions of article 16(4)-and (4a), to the detriment of these deprived classes hence this bill new dewi; sushil kumar shinde april 13, 2000 financial memorandumclause 5 of the bill provides for the constitution of a board for monitoring the recruitment and promotion policy for reservations in enterprises the bill, therefore, if enacted, will involve expenditure from the consolidated fund of india it is likely to involve an annual recurring expenditure of about rupees two crore a non-recurring expenditure of about rupees one crore is also likely to be involved memorandum regarding delegated legislationclause 7 of the bill empowers the central government to make rules for-carrying out the purposes of the bill as the rules will relate to matters of detail only, the delegation of legislative power is of a normal character