Today Supreme Court observed that auction is not the only way to allocate natural resources. Media and congress is projecting it in a totally opposite way than it was intended.
Supreme court observed that it not governments aim to make maximum profit from natural resources but to make natural resources available to people of India at reasonable cost and the reasonable profit if made from sale of natural resources must be used for public good. Auctioning a natural resource actually make resource expensive for end user. But it does not mean that government can allocate natural resources cheap to companies and allow them to make exorbitant profits by exploiting end user. If government allocates natural resources by means other than auction then there must be a clause which will govern maximum price of this natural resource to end user.
Congress government has allocated natural resources to companies at very low price and allowed them to sell it at maximum price which they can sell it. This is illegal and court has not declared it to be legal. Court have observed that auction as a method of allocating natural resources is also not above judicial scrutiny, and it can be challenged in court.
The media and congress is trying to misled people to break their moral by saying that Supreme Court have accepted government's stand.
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