Supreme Court has ruled that auction cannot be the only method for allocating natural resources. It said, profit maximisation cannot be only basis for allocating natural resources. The court ruled that policy of auction has not got constitutional mandate.

The apex court said, 2G verdict was confined to allocation of spectrum and has not laid down any rule for other resources. It said, allocation of natural resources is a policy decision which should be backed by social and welfare measures.

Apex court said, it cannot prescribe or proscribe method of allocation of natural resources but can undertake judicial scrutiny on case to case basis.

Law Minister Salman Khurshid has said that the verdict on 2G auction is major relief for government and it will help take public policy forward.

Telecom Minister Kapil Sibal Supreme Court judgement brings constitutional clarity.