Confident things will work out in India says Walmart CEO Mike Duke
The Indian government had yesterday offered to hold an inquiry into allegations of payment made by US retail giant Wal-Mart in India but it did not much ice with the Opposition which demanded a time-bound probe by either a Joint Parliamentary Committee or judiciary.
Wal-Mart takes up over 80 issues in 9 categories for lobbying
Global retail giant Wal-Mart over the past five years has taken up as many as 80 issues in nine different categories for lobbying before the US lawmakers, the company has disclosed in its quarterly report before the US House of Representatives and the Senate.
The quarterly lobbying disclosure report submitted by Wal Mart, like other US companies, reveal that the global retail giant has been lobbying on a variety of domestic and international issues, ranging from temporarily suspending duties on whistles, compasses, Christmas tree lamps, discussions regarding hunger, nutrition policy, organised retail crime act, or on China currency manipulation.
In all there are 80 issues in nine different categories, prominent among them include - trade (domestic/foreign), food industry, taxation, financial institutions, health issues, labor issues, ant trust and work place, pharmacy, transportation, immigration, consumer issues, safety, products; energy and nuclear; and homeland security, according to the quarterly report.
A spokesperson of the Wal-Mart refused to give details of the money spent on each of the specific issues, including the one on discussion related to FDI in India.
"I'll refer you
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