How does the executive power extend over the acquisition, holding and disposal of property for any purpose according to Article 298?
According to Article 298, the executive power of the Union extends over the acquisition, holding and disposal of property for any purpose. This means that the Union government has the authority to carry out these activities related to property for various purposes without needing specific legislation from Parliament or State Legislatures. However, if a particular trade or business or purpose is not one with respect to which Parliament can make laws, then the executive power of the Union shall be subject to legislation by the State. Similarly, if a trade or business or purpose falls under the domain of State Legislature, the executive power of each State shall be subject to legislation by Parliament.