With reference to the legislative relations between the Centre and the States in India, consider the following statements:
1. If a State law on a Concurrent List subject conflicts with a Central law, the State law can still prevail in that state if it has received the President's assent.
2. The power to legislate on residuary matters is exclusively vested in the State Legislatures.
Which of the statements given above is/are correct?

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Statement 1 is correct: Normally, Central law prevails over State law in the Concurrent list. However, if the State law was reserved for the President's consideration and received assent, it prevails in that State (though Parliament can still subsequently override it). Statement 2 is incorrect: The power to make laws on residuary subjects (matters not listed in Union, State, or Concurrent lists) is vested solely in the Parliament of India, not the State Legislatures.

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