Why in the News?
- The Supreme Court ruled that Article 39(b) of the Directive Principles of State Policy (DPSP), which aims to prevent wealth concentration, does not apply to private properties.
Key Aspects of Article 39(b)
- Directs the State to ensure that ownership and control of material resources are distributed for the common good.
- Historically interpreted to include natural resources like land, minerals, and water bodies.
SC’s Verdict
- Article 39(b) does not override fundamental property rights.
- Private property cannot be forcibly redistributed under the guise of social justice.
- State-led acquisition must follow due process under the Land Acquisition Act.
Implications of the Judgment
- Reinforces property rights as a fundamental legal protection.
- Ensures that economic redistribution follows constitutional guidelines.
- May slow down land reforms aimed at reducing wealth disparity.