New Delhi: Effects of the Supreme Court’s ruling on 2G spectrum allocation is likely to be seen on the coming budget as well. Constant eyebrows have been raised on the way allocation of natural resources has been done by the government. In an effort to clear the stand, the Finance Minister is expected to present the roadmap for allocation of natural resources in the coming budget.

Issue with allocation of natural resources has been raised in the pre-budget meet. The Finance Minister, economists and India Inc participated in the meet and raised their concern on the situation which has been developed following the court’s rulings. They have also emphasized on the need of concrete roadmap to deal the issue, failing which related project investments will be affected.   

According to sources, the finance ministry and the law ministry has already held discussions on the ways to do allocation of natural resources in the last few days.

The Supreme Court had cancelled 2G licenses of various companies and urged the need for discontinuing the ‘first come-first serve’ basis for the allocation of natural resources. Court said that the government should design the roadmap for allocation of natural resources by keeping national interest on priority.

State governments are also waiting for the Centre’s stand in dealing the issue since the Court’s rulings came. “First come-First serve” method is widely used by the state’s governments.

It is considered that absence of clear roadmap may sabotage various Industrial and Infrastructure development projects.


(JPN/Bureau)