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States, corporate bodies to support govt’s stand against auction of all resources

27 Jul 2012 Evaluate

Some of the state governments and corporate bodies have come up to support the government to stand against Supreme Court’s verdict on 2G spectrum, which has allowed allocation of all natural resources to private companies through auction only.

Harish Salve, senior advocate, while appearing for Confederation of Indian Industry (CII) has contended that the verdict was specific to spectrum allocation and it could not be applied to all natural resources. He was advocating before a five-judge constitution bench headed by Chief Justice S H Kapadia on reference with the President‘s clarification seeking about the February 2 judgment of Supreme Court bench.

The Federation of Indian Chambers of Commerce and Industry (FICCI) had earlier opined that the 2G verdict has international implications as the apex court has entered into the domain of policy-making by holding the first-come-first-serve (FCFS) policy as illegal and unconstitutional.

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