Mr. President, Sir, I move: ‘That for amendment No. 720 of the List of Amendments, the following be substituted :- That for article 24, the following be substituted :- 24. (1) All private property in the means of production may be acquired by the Government of India. (2) The President shall determine in each case, to what extent, if any, the owner whether a private individual, a State, a local self-governing institution or a company, shall be compensated. (3) That within four years from the date of the commencement of this Constitution, the Union Government shall become the owner of all private property in land which is being used or capable of being used for agricultural purposes………
