Government open to inquiry on Wal-Mart issue: Kamal Nath

Government open to inquiry on Wal-Mart issue: Kamal NathNew Delhi, Dec 11 - The government has no hesitation in holding an inquiry on reports of Wal-Mart lobbying in the US to open the way for foreign equity in retail trade in India, Parliamentary Affairs Minister Kamal Nath told parliament Tuesday.

Amid ruckus in both houses of parliament with the Bharatiya Janata Party (BJP) demanding an explanation from the government on the issue, Kamal Nath assured members that the government was "concerned over the issue".

"We have no hesitation in having an inquiry in this and money spent in India. We are open for a discussion and this is matter of concern for the government," he told both houses of parliament.

"We want to get to the facts of the matter. I would during course of the day make further announcements towards this," he added.

Both the houses were disrupted with the BJP demanding a discussion on Wal-Mart reportedly spending Rs. 125 crore on lobbying activities in the US, including on issues related to enhanced market access for investment in India. (IANS)

People: 
General: 



Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Popular Stories

Dinakaran bribery case: Delhi Police arrests Hawala operator Naresh

Chennai (Tamil Nadu) [India], April 28 : The Delhi... Read More

'Northeast fiesta' organised to showcase its rich cultures in Punjab

Jalandhar (Punjab) [India], Apr 28 : The second... Read More

Sukma attack: Another Maoist's body recovered, death toll at 11

Sukma (Chhattisgarh) [India], April 28 : The police... Read More

Newly-wed's family threatened with 'talaq' over 'not serving beef'

Lakhimpurkheri (Uttar Pradesh) [India], Apr 28 : In... Read More