ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The right to property was originally regarded as a fundamental right in India, but by the 44th amendment of the Indian Constitution, under the provision of Article 300(A), it was reduced to merely a constitutional right.

Detailed explanation-2: -The Right to property was a fundamental right under Article 19 (1) (f) and Article 31 of the Indian constitution. This Article guaranteed to the Indian citizens a right to acquire, hold and dispose of the property. Article 31 categorically said that no person shall be deprived of his property by the authority of law.

Detailed explanation-3: -It protects freedom of speech, the press, assembly, and the right to petition the Government for a redress of grievances.

Detailed explanation-4: -Right to property under Article 300-A To this effect, Article 300-A was introduced in the Constitution in 1978, which states that ‘no person shall be deprived of his property save by authority of law’. It means that barring the state, no one can deprive a person of his property.

Detailed explanation-5: -The Constitution vests many fundamental rights in citizens. These are (i) Right to Equality, (ii) Right to Freedom, (iii) Right against Exploitation, (iv) Right to Freedom of Religion, v) Cultural and Educational Rights and vi) Right to Constitutional Remedies.