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SC: There are alternative ways for allocation of Natural Resources

India Current Affairs September 2012. The Supreme Court in its verdict for routing of the allocation of Natural Resources on 27 September 2012 directed that the Auction being a preferable method for allotment of the natural resources can’t be turned up to be a constitutional limitation or requirement

Sep 28, 2012 17:56 IST

The Supreme Court in its verdict for routing of the allocation of Natural Resources on 27 September 2012 directed that the Auction being a preferable method for allotment of the natural resources can’t be turned up to be a constitutional limitation or requirement. The Supreme Court passed the statement in relation to the 2 G Presidential Reference in form of its advisory opinion.

The Supreme Court bench of five judges comprising Chief Justice S.H. Kapadia and Justices D.K. Jain, Dipak Misra, J.S. Khehar and Ranjan Gogoi in its statement declared that auctioning is one of the several methods that can be used in distribution of natural resources. The bench also stated that it is the government, who is responsible to decide the ways of distribution with concerns of common good.