Press Esc to close
Wednesday 25 May 2016
News updated at 2:57 AM IST
Weather
Max: 34.1°C
Min : 22.7°C
In Bengaluru
Sunny day

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
Girls cover themselves during a dust storm in mathura on Monday...

Girls cover themselves during a dust storm in mathura on Monday...

Renowned sand artist Sudarsan Pattnaik creates a sand art to aware people about water scarcity...

Renowned sand artist Sudarsan Pattnaik creates a sand art to aware people about water scarcity...

English actor Sir Ian McKellen and Bollywood actor Aamir Khan share lighter moments...

English actor Sir Ian McKellen and Bollywood actor Aamir Khan share lighter moments...

A senior Army Officer presents the Sher-e-Kashmir Sword of Honour to a new recruit...

A senior Army Officer presents the Sher-e-Kashmir Sword of Honour to a new recruit...

People watching the air ambulance which crash landed at Kair village in Najafgarh area...

People watching the air ambulance which crash landed at Kair village in Najafgarh area...

Demi Moore poses for photographers as she arrives for The Vogue 100 Gala Dinner...

Demi Moore poses for photographers as she arrives for The Vogue 100 Gala Dinner...

Nuremberg and Frankfurt players jump for the ball during a German first division Bundesliga soccer..

Nuremberg and Frankfurt players jump for the ball during a German first division Bundesliga soccer..

People hang fish to dry on bamboo poles in Mumbai...

People hang fish to dry on bamboo poles in Mumbai...

A cyclist with his daughter pedals his cycle holding an umbrella...

A cyclist with his daughter pedals his cycle holding an umbrella...

An elderly vendor waits for customers of green grass during rains in Srinagar....

An elderly vendor waits for customers of green grass during rains in Srinagar....

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