81 Tests, 2019 Articles
and counting ...

AUCTIONING NATURAL RESOURCES NOT ALWAYS THE BEST WAY, SAYS APEX COURT

PUBLISHED BY: SURENDER KUMAR
OCTOBER 25, 2012

   
  submit to reddit   Delicious   Digg   LinkedIn  

The Supreme Court does not believe that all national resources must always be auctioned. The opinion, given by a five-judge bench, gives relief to the government,  partly because it accepts that it is in the government’s domain to decide the distribution policy. The decision has been given in the case of the presidential reference to the Court made under Article 143 for the Court's advice. The reference was made in the context of the 2G spectrum allocation policy.

 

Further, according to the Court, “the maximisation of revenue in the distribution of natural resources can't always be the sole parameter, but public good certainly must be. Auction can't be declared a constitutional principle for distribution of natural resources.  It is for the executive to think of the best possible method since judiciary doesn't have the expertise to decide it.”



ARCHIVES -- CURRENT AFFAIRS

Tell Us About gkmine.com

We Listen ...


Fortnightly Contest


... WIN Exciting Prizes ...

item-pointer Coming Soon ...

... Previous Winners ...