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SC order on Reference not validation of govt policy: Jaitley

Last Updated: Sunday, September 30, 2012 - 21:45

New Delhi: BJP leader Arun Jaitley on Sunday contended that the Supreme Court judgement on the Presidential reference on allocation of natural resources was not a validation of government policises in spectrum and coal blocks allocation.

"The court has said that if you allocate natural resources for commercial purpose then you can give it through auction, by bidding and at market prices. If you give it for a social purpose like land for an orphanage or a playground then it can be different," Jaitley said.

"The 2G spectrum or coal mines were not given for a social purpose, they were given for commerce and trade. So to consider it to be a victory of the government, even some media persons have also written it.... I believe there is arrogance in ignorance and this goes on show that," he added.

Jaitley also said the Foreign Direct Investment in multi-brand retail would hurt the interest of the people and added that his party would oppose it.

He said that international structured retail could buy cheap inputs from anywhere. He said that FDI in multibrand retail did not create new jobs and will only displace the existing ones.

He said the country was not prepared for FDI in retail and attacked the government for going ahead with it. He also said the coal block allocations had demonstrated that crony capitalism that was prevalent.

Jaitley was speaking at a conference of lawyers organised by the BJP here.


First Published: Sunday, September 30, 2012 - 21:45
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