Supreme Court okays 2G presidential reference -- NewsX

In a major relief for the govt the Supreme Court has clarified that the auction order in the 2G scam was only restricted to telecom spectrum and not for all natural resources. The Supreme Court has held the 2G Presidential Reference as maintainable. The bench clarified its opinion has no bearing on the 2G order and that public good was above revenue maximization. The Centre had moved the Presidential Reference seeking clarity on which resources needed to be auctioned and which ones could be allotted on a first-come-first-serve basis.
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