Which of the following statements is correct regarding the amendment of Fundamental Rights in the Indian Constitution?

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Under Article 368 of the Indian Constitution, the Parliament has the power to amend the Fundamental Rights of citizens. This requires a special majority in both houses of Parliament. However, any such amendment must not violate the 'basic structure' of the Constitution. If an amendment is found to violate the basic structure, the Supreme Court has the authority to strike it down. Article 12 defines fundamental rights, and Part III is termed the 'Magna Carta' of India.

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