What are the restrictions placed on the legislative powers of the Union and States regarding trade and commerce?
The restrictions placed on the legislative powers of the Union and States regarding trade and commerce are as follows:

1. Freedom of trade, commerce, and intercourse within the territory of India (Article 301).
2. Parliament has the power to impose restrictions on trade, commerce, and intercourse between states and between India and other countries (Article 302).
3. Restrictions can be imposed on the legislative powers of the Union and States with regard to trade and commerce (Article 303).
4. There may be restrictions on trade, commerce, and intercourse among states (Article 304).
5. Existing laws and laws providing for state monopolies are saved (Article 304A).
6. The power of certain states in Part B of the First Schedule to impose restrictions on trade and commerce (Article 305, omitted).