Press Esc to close
Saturday 06 February 2016
News updated at 2:47 PM IST
Weather
Max: 29°C
Min : 17°C
In Bengaluru
Partially cloudy

'Lobbying disclosure doesn't reflect improper conduct in India'

New Delhi, Dec 12, 2012 (PTI):

Bharti Walmart, the Indian arm of the US retail giant Walmart, today said the allegation that routine US lobbying disclosures reflects improper conduct on its part in India are false.

"This disclosure has nothing to do with political or governmental contacts with Indian Government officials," a Bharti Walmart Spokesperson said in a statement.

The disclosures to US regulators showed that company's business interests in India was discussed with American officials along with 50 or more other topics during a three month period, it added.

"The allegation that a routine U S lobbying disclosure reflects improper conduct on our part in India, is false, it said.

Under the US law, on a quarterly basis, all companies which meet certain time and expenses thresholds, are required to disclose issues and expenditure incurred in connection with contacts with the United States Government, including staffing cost, association dues, and payments to consultants, it said.

The company said all organisations which expend more than USD 11,500 annually on lobbying activities and employ at least one lobbyist must register and file the quarterly reports.

In the third quarter of 2012, lobbyists and companies filed thousands of forms, it said.

As per a Washington DC publication, Roll Call, in the first quarter of this year, 143 organisations reported expenses of more than USD 1 million, it added.

"Our Washington office naturally had discussions with US Government officials about a range of trade and investment issues that impact our businesses in the US and worldwide and disclosed this in accordance with the law," the company said.

Bharti Walmart Private Ltd is a joint venture between Bharti Enterprises and Walmart, the world's leading retailer.


Go to Top

Photo Gallery
Gurukiran team performing Jai Ho dance during valedictory ceremony of 8th Bengaluru...

Gurukiran team performing Jai Ho dance during valedictory ceremony of 8th Bengaluru...

Actor Rishika Sing(daughter of director Rajendra Sing Babu)...

Actor Rishika Sing(daughter of director Rajendra Sing Babu)...

Residents take part in a procession demanding for ban of plastics...

Residents take part in a procession demanding for ban of plastics...

People light candles to paying tributes to ten soldiers who died in...

People light candles to paying tributes to ten soldiers who died in...

U.S. Chief of Naval Operations John Richardson, second left, shares...

U.S. Chief of Naval Operations John Richardson, second left, shares...

Artists perform at the opening ceremony of 12th South Asian Games...

Artists perform at the opening ceremony of 12th South Asian Games...

Prime Minister Narendra Modi addresses the gathering at the opening ceremony...

Prime Minister Narendra Modi addresses the gathering at the opening ceremony...

The official mascot of 12th South Asian Games, 'Tikhor', a baby rhino...

The official mascot of 12th South Asian Games, 'Tikhor', a baby rhino...

The official mascot of 12th South Asian Games, 'Tikhor', a baby rhino...

The official mascot of 12th South Asian Games, 'Tikhor', a baby rhino...

Artists perform at the opening ceremony of 12th South Asian...

Artists perform at the opening ceremony of 12th South Asian...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523