Armed with the apex Supreme Court
observation, the Government on Friday said constitutional
authorities like the Comptroller and Auditor General (CAG)
should take note of the ruling that auction is not the only
method for allocating natural resources.
"I sincerely hope that all constitutional authorities in
future will bear in mind (the observations of apex court)
while discharging their constitutional functions", Finance
Minister P Chidambaram said here, while explaining the
importance of ruling along with Telecom Minister Kapil Sibal
and Law Minister Salman Khurshid.
Chidambaram said this in response to a question whether
the Supreme Court's opinion on Presidential reference
vindicated the stand of the government on 2G and coal blocks
allocation controversy. The CAG in its reports had observed
that faulty allocation of spectrum and coal blocks had cost a
big loss to the exchequer.
Giving its opinion on the Presidential reference arising
out of 2G verdict, a five-judge constitution bench of the apex
court yesterday held that auction was not the only method
for allocating natural resources to private companies.
The court observed that common good was the touchstone
for any policy and any means adopted to achieve the objective
was in accordance with the constitutional principles.
"The implied benchmark against which loss or presumptive
loss was judged (by CAG) was auction...the Supreme Court says
that auction is not a constitutional mandate for disposing of
natural resources...I think in a way all of us are in a
learning process", Chidambaram said.
As regards the irregularities in implementation of the
policies, he said, "we have maintained... that if there were
any irregularities or illegalities in implementation of any
policy, those must be corrected and those responsible be held