Press Esc to close
Sunday 29 March 2015
News updated at 3:29 AM IST
Weather
Max: 34.5°C
Min : 19.9°C
In Bengaluru
Sunny day

'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
Brand ambassador Pranitha subhash at Jewels exotica Akshaya Tritiya jewellery shopping...

Brand ambassador Pranitha subhash at Jewels exotica Akshaya Tritiya jewellery shopping...

Bollywood actor Katrina Kaif with her wax model at Madame Tussauds in London...

Bollywood actor Katrina Kaif with her wax model at Madame Tussauds in London...

Models at a fashion show at IIFT in Bengaluru on Friday night...

Models at a fashion show at IIFT in Bengaluru on Friday night...

People watch the PSLV-C27 take off carrying India's fourth navigational satellite in Sriharikota...

People watch the PSLV-C27 take off carrying India's fourth navigational satellite in Sriharikota...

A view of Vidhan Soudha which was powered off during the Earth hour in Bangalore...

A view of Vidhan Soudha which was powered off during the Earth hour in Bangalore...

Security persons recover articles after an encounter with the Maoists in Latehar...

Security persons recover articles after an encounter with the Maoists in Latehar...

Dancers perform during  procession to mark the Hindu festival of Ram Navami in New Delhi

Dancers perform during procession to mark the Hindu festival of Ram Navami in New Delhi

Youths participate in a rally during Northeast NSS Festival in Agartala on Saturday...

Youths participate in a rally during Northeast NSS Festival in Agartala on Saturday...

Artists dressed as Hindu gods on the occasion of Rama Navami festival in Bengaluru on Saturday...

Artists dressed as Hindu gods on the occasion of Rama Navami festival in Bengaluru on Saturday...

Artists performing ballet 'Durga Saptashati' in Bhopal on Friday evening...

Artists performing ballet 'Durga Saptashati' in Bhopal on Friday evening...

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