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Ethnicity, Communalism and State-Barpeta Massacre
the Supreme Court of India, construing the Directive Principles of State Policy, has laid down that electricity constitutes a "material resource of the Indian people" which can override a private right to ownership of the means of generation and distribution and limit profits so enjoyed. And when such assets are acquired under the statutory provisions of the Electricity Acts of 1910 and 1948 this could be at book value not market value.