Govt emphasizes its rights to make policies related to natural resources1 min read . Updated: 14 Apr 2015, 09:38 AM IST
Oil ministry tells Supreme Court that courts should not interfere in government's pricing policies
New Delhi: The government has sought to emphasize its rights to make policy and take decisions related to pricing of natural resources before the Supreme Court (SC).
On Monday, the oil ministry told the Supreme Court that courts should not interfere in a government’s pricing policies.
The government submitted that it is not the domain of courts to “embark upon the merits of economic policies framed by the government to consider whether the same is wise or a better policy can be evolved".
Referring to a Reliance Industries Ltd (RIL)-led litigation seeking to appoint a third arbitrator over the pricing of domestically produced and saved natural gas, the affidavit argues why no arbitration should take place at all.
The government said that its pricing policy and guidelines cannot be the subject matter of an arbitration, which is used to resolve private disputes.
The case, being heard by justice Ranjan Gogoi, will come up next on 1 May for hearing.