Govts must be realistic about mining bids: Supreme Court

The Supreme Court on Tuesday orally observed that acceptance of an unrealistically high bid for mining natural resources could lead to the bidder defaulting in payments to the government. A bench of Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli appeared to fault the MP government for allocating sand mining lease in the entire Raisen district for Rs 71 crore when the realistic price could have been around Rs 50-odd crore.