One-man commission to investigate charges of Wal-Mart India lobbying

Jan 25 2013, 01:41 IST
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SummaryAs promised in the Parliament in December, the government will put in place a one-man commission under the Commission of Inquiry Act, 1951, to probe allegations that American retail giant Wal-Mart had indulged in lobbying activities in India.

1995 and the Honest Leadership and Open Government Act of 2007 requires lobbyists for any company or organisation to disclose its activities in a periodic report to Congress.

Meanwhile, Wal-Mart chief executive Doug McMillon told commerce industry and textile minister Anand Sharma in Davos on Thursday that Wal-Mart was “excited about India.”

McMillon, who is the CEO of Wal-Mart International, told Sharma that the company is studying the conditions before making the final announcement of expanding its pressence in the multi-brand retail sector in India, an official statement issued by the government said on Thursday.

On his part, Sharma said that India’s Policy on FDI in multi-brand retail has finality and they need not be unduly concerned about any policy reversal. “Sharma also asked them to send request for clarification, if any, in the written form to his ministry. All necessary clarity will be provided,” Sharma assured McMillon.

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