What is Article 298 in the Indian Constitution?
Article 298 of the Indian Constitution grants the executive power of the Union and each State to carry on any trade or business, acquire, hold and dispose of property, and make contracts for any purpose. This power is subject to certain limitations: the executive power of the Union shall be subject to legislation by the State in cases where the trade, business, or purpose is not within the purview of Parliament, and the executive power of each State shall be subject to legislation by Parliament in cases where the trade, business, or purpose is not within the purview of the State Legislature. This article ensures that both the Union and State governments can engage in trade, business, and other activities, within their respective jurisdictions and subject to the appropriate legislative authority.