Press Esc to close
Sunday 26 June 2016
News updated at 2:14 AM IST
Weather
Max: 27.5°C
Min : 19.4°C
In Bengaluru
Generally cloudy

Probe panel on Walmart lobbying to meet tomorrow

New Delhi, May 5, 2013 (PTI)

The government-appointed panel looking into Walmart's lobbying with American lawmakers for its entry into the Indian market is likely to meet tomorrow and deliberate on information provided by the retail giant.

The one-man committee, headed by former Chief Justice of Punjab and Haryana High Court Mukul Mudgal, during its meeting last month had sought fresh details from Walmart.

Sources said the probe panel is expected to meet on May 6 to discuss various information provided by the retailer. This would be the fifth meeting of the committee since its set up in January.

After the last meeting on April 10, Mudgal had said that he has sought more information from Walmart. The previous meeting was attended by Walmart representatives and senior officials from the Corporate Affairs Ministry and the Department of Industrial Policy and Promotion, among others.

The tenure of the panel, which was expected to submit its report by April 30, has been extended.

In response to a query on when the panel is expected to complete its probe, Mudgal had said, "It would depend on the replies given by Walmart and if at all a little extension is sought, it won't go beyond June".

Following reports about Walmart's lobbying among the US lawmakers since 2008 for facilitating its entry into the Indian market, the government in December 2012 had assured Parliament to get the matter probed by a retired judge.

The committee is looking into "whether Walmart undertook any activities in India in contravention of any Indian law", and any other matter relevant to this issue.
As per Congressional records of lobbying disclosure reports, the company spent a total amount of USD 6.13 million (about Rs 33 crore) on lobbying for various issues, including on "discussions related to FDI in India", during entire 2012.

Amid intense political pressure, the government had set up the panel to look into the issue.

The Corporate Affairs Ministry is providing administrative support to the committee, which has already discussed responses received from the public on the matter.
Separately, the regulatory agencies here are also probing allegations of bribery against Walmart in India.


Go to Top

Photo Gallery
Renowned sand artist Sudarsan Pattnaik creates a sand sculpture to congratulate Athlete Dutee chand

Renowned sand artist Sudarsan Pattnaik creates a sand sculpture to congratulate Athlete Dutee chand

Cricketer Virat Kohli sings the national anthem during the opening ceremony of the Pro Kabaddi...

Cricketer Virat Kohli sings the national anthem during the opening ceremony of the Pro Kabaddi...

Security forces inspecting the CRPF bus which was attacked by militants on Srinagar-Jammu National..

Security forces inspecting the CRPF bus which was attacked by militants on Srinagar-Jammu National..

Uttar Pradesh Chief Minister Akhilesh Yadav at a roza iftar party in Lucknow...

Uttar Pradesh Chief Minister Akhilesh Yadav at a roza iftar party in Lucknow...

Bollywood actor Jacqueline Fernandez during the launch of Aeropostale store in Mumbai...

Bollywood actor Jacqueline Fernandez during the launch of Aeropostale store in Mumbai...

Two planes perform a dramatic fly past, during a display of the Red Arrows Display Team...

Two planes perform a dramatic fly past, during a display of the Red Arrows Display Team...

Local train on water logged railway track in Thane on Saturday. Local train services...

Local train on water logged railway track in Thane on Saturday. Local train services...

The launch of New Audi R8 V10 Plus in Hyderabad on Saturday...

The launch of New Audi R8 V10 Plus in Hyderabad on Saturday...

Siberian tigers play in the pool of their enclosure to cool themselves in the zoo...

Siberian tigers play in the pool of their enclosure to cool themselves in the zoo...

BJP activists holding a protest in front of Ram Remple in Bhubaneswar on Friday...

BJP activists holding a protest in front of Ram Remple in Bhubaneswar on Friday...

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