Government may soon legalise put and call options with prospective effect, sources have told CNBC-TV18's Aakansha Sethi. The decision was taken as the government felt that a retrospective effect would have weakened its case against Hindustan Zinc and Balco.
The government today moved the Supreme Court with a Presidential Reference for its opinion on issues arising out of its 2G spectrum judgment including whether auctioning of natural resources across all sectors is mandatory and the verdict be given retrospective effect for radio waves granted since 1994.