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Wal-Mart report rocks Rajya Sabha

Source : IBNS
Last Updated: Mon, Dec 10, 2012 10:23 hrs

New Delhi, Dec 10 (IBNS) The upper house of Parliament witnessed uproarious scenes on Monday over entry of multinational multi-brand retail giant Wal-Mart in India with the Opposition Bharatiya Janata Party (BJP) demanding a probe based on the disclosure report filed by the company before US Senate which suggests they spent $25 million in lobbying in India.

BJP member Ravi Shankar Prasad said it is bribe and it should be probed.

Prasad said lobbying is illegal in India and the government should explain who got the money.



The lobbying disclosure reports filed by Wal-Mart with the US Senate, suggests it has spent nearly $ 25 million since 2008 on its various lobbying activities, including on "enhanced market access for investment in India".

The Rajya Sabha was adjourned for sometime over the ruckus.

The ruling United Progressive Alliance (UPA) government last week won an FDI in multi brand retail vote in both Lok Sabha and Rajya Sabha, clearing the final hurled in allowing the Wal-Mart and other such companies to enter Indian market and hold majority stake.

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