Press Esc to close
Wednesday 27 July 2016
News updated at 1:19 AM IST
Weather
Max: 30.3°C
Min : 20.4°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
Army personnel pay tribute to jawans who died in Kargil War on Kargil Vijay Diwas in Kozhikode on ..

Army personnel pay tribute to jawans who died in Kargil War on Kargil Vijay Diwas in Kozhikode on ..

Specially abled kids from Om Creations Trust (NGO) make handcrafted rakhis as part of a campaign ...

Specially abled kids from Om Creations Trust (NGO) make handcrafted rakhis as part of a campaign ...

Punjab Police and BSF Jawans patrol after they captured suspected terrorists in Jalandhar's Khurla..

Punjab Police and BSF Jawans patrol after they captured suspected terrorists in Jalandhar's Khurla..

A couple carry their mother Runuka Devi on a palanquin to Gola Gokarannath from Kachla Ganga Ghaat..

A couple carry their mother Runuka Devi on a palanquin to Gola Gokarannath from Kachla Ganga Ghaat..

Police fire tear gas shells to disperse the rally, taken out from downtown city, on way to Lal ...

Police fire tear gas shells to disperse the rally, taken out from downtown city, on way to Lal ...

Members of National Human Rights and crime control organisation paying tributes to the soldiers ...

Members of National Human Rights and crime control organisation paying tributes to the soldiers ...

Policemen stands guard at Budshah Chowk after the 17-day old curfew was lifted in Srinagar on ...

Policemen stands guard at Budshah Chowk after the 17-day old curfew was lifted in Srinagar on ...

Vendors sell fruit at M A Road after curfew was lifted after 17-day in Srinagar on Tuesday...

Vendors sell fruit at M A Road after curfew was lifted after 17-day in Srinagar on Tuesday...

Legendary Santoor player Pandit Shivkumar Sharma being felicitated during an event...

Legendary Santoor player Pandit Shivkumar Sharma being felicitated during an event...

Members of the Indian archery team, the first to reach Brazil for the upcoming Olympics...

Members of the Indian archery team, the first to reach Brazil for the upcoming Olympics...

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