Press Information Bureau

Government of India

Ministry of Company Affairs

24-January-2013 19:13 IST

The Union Cabinet today approved the appointment of a one-man Committee into the media reports concerning Wal-Mart.

The terms of reference of the Committee are as follows:-

(i) To inquire into recent media reports on disclosures of Wal-Mart before the US Senate regarding their lobbying activities and details.

(ii) Whether Wal-mart undertook any activities in India in contravention of any Indian law.

(iii) Any other matter relevant or incidental to the above.

The Committee will submit its report within three months.

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SH/LM

Lobbying probe examines disclosures and potential contravention of domestic law by a multinational's reported activities. A one member committee is appointed to inquire into media reports on Wal Mart's disclosures before the US Senate about lobbying activities, to determine whether Wal Mart's activities in India contravene any Indian law, and to consider any other matters relevant or incidental, with a requirement to submit a report within three months.