396 DR. BABASAHEB AMBEDKAR : WRITINGS AND SPEECHES
(5) to claim full and equal benefit of all laws and proceedings for the security of persons and property as is enjoyed by other subjects regardless of any usage or custom or usage or custom based on religion and be subject to like punishment, pains and penalties and to none other.
Clause 3
(1) Discrimination against citizens by Government officers in Public Protection against administration or by private employers in factories and Discrimination. commercial concerns on the ground of race or creed or social (For explanation, status shall be treated as an offence. The jurisdiction to try see page 408) such cases shall be vested in a tribunal to be created for the purpose.
(2) The Union Legislature shall have the right as well as the obligation to give effect to this provision by appropriate legislation.
Clause 4
The United States of India shall declare as a part of the law of its constitution—
(1) That industries which are key industries or which may be declared to be Protection key industries shall be owned and run by the State ; against Economic Exploitation. (2) That industries which are not key industries but (For explanation, which are basic industries shall be owned by the State and see pages 408-12) shall be run by the State or by Corporations established by the State ;
(3) That Insurance shall be a monopoly of the State and that the State shall compel every adult citizen to take out a life insurance policy commensurate with his wages as may be prescribed by the Legislature ;
(4) That agriculture shall be State Industry;
(5) That State shall acquire the subsisting rights in such industries, insurance and agricultural land held by private individuals, whether as owners, tenants or mortgagees and pay them compensation in the form of debenture equal to the value of his or her right in the land. Provided that in reckoning the value of land, plant or security no account shall be taken of any rise therein due to emergency, of any potential or unearned value or any value for compulsory acquisition;
(6) The State shall determine how and when the debenture holder shall be entitled to claim cash payment;
(7) The debenture shall be transferable and inheritable property but neither the debenture holder nor the transferee from the original holder nor his heir shall be entitled to claim the return of the land or interest in any industrial concern acquired by the State or be entitled to deal with it in any way ;
(8) The debenture-holder shall be entitled to interest on his debenture at such rate as may be defined by law, to be paid by the State in cash or in kind as the State may deem fit;