The government is hopeful that the Supreme Court's significant ruling on allocation of natural resources will help boost investor sentiments and bring back confidence in the Indian economy.

Talking to media, Minister for Corporate Affairs and Power Minister M Veerappa Moily said, the ruling removes doubts that had been created by CAG audit reports that used auction as the benchmark for calculating presumptive losses in allocation of telecom spectrum and coal blocks.

He said, the cloud has been cleared and this will certainly boost investor sentiments and bring back their confidence. Mr. Moily said, Prime Minister Manmohan Singh took the decisions keeping general good of the people in mind, a principle that even the Supreme Court has enunciated.