Press Esc to close
Thursday 08 December 2016
News updated at 11:18 AM IST
Weather
Max: 28°C
Min : 19°C
In Bengaluru
Partially cloudy

Committee set up to probe charges against Wal-Mart

New Delhi, Jan 24, 2013 (PTI)
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
Flowers in full bloom at Parliament house during the winter session, in New Delhi on Wednesday...

Flowers in full bloom at Parliament house during the winter session, in New Delhi on Wednesday...

Devotees carry idols during the International Gita Mahotsav-2016 in Kurukshetra on Wednesday...

Devotees carry idols during the International Gita Mahotsav-2016 in Kurukshetra on Wednesday...

Shah Rukh Khan taking selfie along with Rahul Dholakia, Nawazuddin Siddiqui and Ritesh Sidhwani...

Shah Rukh Khan taking selfie along with Rahul Dholakia, Nawazuddin Siddiqui and Ritesh Sidhwani...

Mumbai Indians captain Rohit Sharma taking selfie with team owner Neeta Ambani...

Mumbai Indians captain Rohit Sharma taking selfie with team owner Neeta Ambani...

Tollywood actress Rituparna Sengupta crowning the winner of Sarad Sundari-2016...

Tollywood actress Rituparna Sengupta crowning the winner of Sarad Sundari-2016...

An RAF jawan guards at a water cannon vehicle in Talwandi Sabo near Bathinda on Wednesday....

An RAF jawan guards at a water cannon vehicle in Talwandi Sabo near Bathinda on Wednesday....

Supporters of former Tamil Nadu Chief Minister J Jayalalithaa get their heads shaves....

Supporters of former Tamil Nadu Chief Minister J Jayalalithaa get their heads shaves....

A policewoman places flowers at the burial place of former Tamil Nadu CM Jayalalithaa...

A policewoman places flowers at the burial place of former Tamil Nadu CM Jayalalithaa...

Birds atop a roof as suns ets during a foggy day in Srinagar on Wednesday...

Birds atop a roof as suns ets during a foggy day in Srinagar on Wednesday...

A fisherman casts his net to catch fish during a foggy day at Dal Lake in Srinagar on Wednesday...

A fisherman casts his net to catch fish during a foggy day at Dal Lake in Srinagar on Wednesday...

Like us on Facebook

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