Opposition wants Wal-Mart lobbying reports clarified
New Delhi: Opposition parties in the Rajya Sabha Monday demanded a clarification on reports of Wal-Mart lobbying in the US to open the way for foreign equity in retail trade in India.
Raising the issue during zero hour, Bharatiya Janata Party (BJP) leader Ravishankar Prasad quoted newspaper reports on a lobbying disclosure report submitted by retail giant Wal-Mart in US, and said that since lobbying is illegal in India, this was a case of bribery.
"There was a long debate on FDI (foreign direct investment) in retail. All major newspapers today have reports that Wal-Mart, in its lobbying disclosure report, has said Rs 125 crore was spent on lobbying," Prasad said.
"In 2012 alone, they spent US$ three million in India. Lobbying is illegal in India. This is a case of bribery," he said.
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Date 03-12-13, Duration 0:57, Views 269