BJP leader Arun Jaitley today 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.