Press Esc to close
Friday 23 June 2017
News updated at 11:56 PM IST

Committee set up to probe charges against Wal-Mart

New Delhi, Jan 24, 2013 (PTI) 20:03 IST
A one-man committee will probe whether US retail giant Wal-Mart had indulged in lobbying activities by violating Indian laws to gain access to its market, the government announced today, more than a month after a major uproar over the issue.

The Union Cabinet decided that the probe would be conducted by a retired judge of Supreme Court or Chief Justice of a High Court, sources said.

The committee will submit its report within three months, an official statement said.
The committee will "inquire into recent media reports on disclosures of Wal-Mart before the US Senate regarding their lobbying activities and details (and) whether Wal-Mart undertook any activities in India in contravention of any Indian law," the statement added.

The panel, it said, will also look into "any other matter relevant or incidental to the above".

The move comes over a month after the issue created a major uproar and stalled proceedings of Parliament during the Winter session.

The uproar was triggered after reports said that Wal-Mart, waiting for years to open its supermarkets in India, has been lobbying with the US lawmakers since 2008 to facilitate its entry into the highly lucrative Indian market.

As per the lobbying disclosure reports filed by Wal-Mart with the US Senate, the company has spent close to USD 25 million (about Rs 125 crore) since 2008 on its various lobbying activities, including on the issues related to "enhanced market access for investment in India".

Go to Top

Photo Gallery
Telugu actor Allu Arjun speaks during promotion of the film'DJ' in Bengaluru on Thursday...

Telugu actor Allu Arjun speaks during promotion of the film'DJ' in Bengaluru on Thursday...

A woman gingerly makes her way through a flooded road in Guwahati after heavy rains...

A woman gingerly makes her way through a flooded road in Guwahati after heavy rains...

A man jumps into Lake Walensee, with the Churfristen mountain range in the background...

A man jumps into Lake Walensee, with the Churfristen mountain range in the background...

A man sketches a portrait of Hindi Lord Shiva to earn money alongside a road in Kolkata...

A man sketches a portrait of Hindi Lord Shiva to earn money alongside a road in Kolkata...

A rhino with its calf at the Pobitora Wildlife Sanctuary in Morigaon district of Assam...

A rhino with its calf at the Pobitora Wildlife Sanctuary in Morigaon district of Assam...

An Icelandic horse shakes off flies in its paddock in Anspach near Frankfurt...

An Icelandic horse shakes off flies in its paddock in Anspach near Frankfurt...

The Namma Metro Train work is going on at R V Engeeniring College,Mysuru Road in Bengaluru...

The Namma Metro Train work is going on at R V Engeeniring College,Mysuru Road in Bengaluru...

Portugal's Cristiano Ronaldo attends a training session at the Spartak Stadium in Moscow, Russia...

Portugal's Cristiano Ronaldo attends a training session at the Spartak Stadium in Moscow, Russia...

A helicopter drops water as U.S. Forest Service firefighters and several other departments battle...

A helicopter drops water as U.S. Forest Service firefighters and several other departments battle...

A tiger licks a block of ice containing chicken parts offered by zoo keepers during the summer...

A tiger licks a block of ice containing chicken parts offered by zoo keepers during the summer...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.