New Delhi: The Corporate Affairs Ministry on Monday said it is examining the report of the government-appointed panel that probed Walmart's lobbying activities with US lawmakers to enter the Indian market. "We are examining the report," Corporate Affairs Minister Sachin Pilot said.
The one-man committee, headed by former Chief Justice of Punjab and Haryana High Court Mukul Mudgal, had submitted the report to Pilot on May 18. The Ministry would look into the committee's report and make recommendations before sending it to Parliament, Pilot said on the sidelines of a Competition Commission of India event.
Set up in January 2012, the panel looked into "whether Walmart undertook any activities in India in contravention of any Indian law", and any other matter relevant to this issue. There was political uproar following media reports about Walmart's lobbying among the US lawmakers since 2008 for facilitating its entry into the Indian market. The government in December, 2012 had assured Parliament to get the matter probed by a retired judge.
As per US Congressional records of lobbying disclosure reports, the company spent a total amount of $6.13 million (about Rs 33 crore) on lobbying for various issues, including on "discussions related to FDI in India", during entire 2012. The tenure of the committee, which was expected to present its report by April 30, was extended. The panel, which met five times, had also interacted with Walmart representatives besides gathering responses from the public on the matter....
10:19 PM, May 20, 2013
New Delhi: Investigation into whether US giant Walmart may have bribed Indian officials to gain wider access to the country's vast market has been closed due to lack of evidence, sources said on Sunday. Corporate Affairs Ministry has confirmed and said no evidence of lobbying was found. The one-man committee of Former Chief Justice of Punjab and Haryana High Court Mukul Mudgal probing the matter had submitted a report to...
05:59 PM, May 19, 2013
New Delhi: A committee looking into US giant Walmart's lobbying activities to enter India today submitted its report to Corporate Affairs Minister Sachin Pilot. Former Chief Justice of Punjab and Haryana High Court Mukul Mudgal who headed the panel set up to look into lobbying activities by Walmart, submitted the report to Pilot at his residence. No details of the report were immediately available. ...
07:35 PM, May 18, 2013
The Centre is investigating the West Bengal chit fund schemes with the Corporate Affairs Ministry setting up a special panel. ...
03:30 PM, Apr 29, 2013
New Delhi: The Corporate Affairs Ministry has decided to order a probe into Saradha Group companies amid growing controversy over the Kolkata-based entity allegedly duping thousands of investors. Corporate Affairs Minister Sachin Pilot along with senior Ministry officials would on Thursday hold a meeting to look into the functioning of various chit funds including issues related to Saradha group companies. A senior official said the Ministry is likely to order...
12:36 PM, Apr 25, 2013
New Delhi: Congress vice president Rahul Gandhi will lead the party in the 2014 general elections but he is not running for any post, Minister of State for Corporate Affairs Sachin Pilot said on Saturday. "The Congress has not once said that Rahul Gandhi is the prime minister in waiting. He is not running for any particular post. Rahul Gandhi does not need to. He does not need any projection,"...
05:35 AM, Apr 07, 2013
Congress leader Sachin Pilot was speaking to CNN-IBN Deputy Editor Sagarika Ghose on Rahul Gandhi's address to India Inc at CII. ...
08:38 PM, Apr 04, 2013
New Delhi: After Prime Minister Manmohan Singh, now Congress Vice President Rahul Gandhi will spell out the government's reforms roadmap in his first interaction with business leaders at the annual general meeting of industry body Confederation of Indian Industry (CII) on Thursday. This is being seen as a move to counter Gujarat Chief Minister Narendra Modi as Rahul Gandhi has been trying to woo the business community as well. Rahul...
08:25 AM, Apr 04, 2013
Lauding the effectiveness of social media, External Affairs Minister Salman Khurshid has said the freedom that comes out of using it needs to be regulated. ...
02:05 PM, Mar 24, 2013
The government on Thursday said it will set up a committee to look into the allegations that US retail giant Walmart indulged in lobbying activities in India to gain entry in the country's market. Corporate Affairs Minister Sachin Pilot said the government will set up a committee to look into the matter. ...
07:12 PM, Jan 24, 2013
Amid a growing perception about India Inc doling out huge pay packages to the top management, the government wants the companies to disclose the remuneration paid to promoters and CEOs in perspective of their median staff salary. ...
08:27 PM, Dec 26, 2012
Amid a growing perception about India Inc doling out huge pay packages to the top management, the government wants the companies to disclose the remuneration paid to promoters and CEOs in perspective of their median staff salary. "Publicly, there is so much debate about the companies spending large amounts of money towards remuneration for their top management personnel. "It may be their hard-earned money. But the perception about the rich...
03:34 PM, Dec 26, 2012
The amended Companies Bill, 2011, will be placed in Parliament on Monday, union Corporate Affairs Minister Sachin Pilot said Sunday. "The bill will be placed before parliament on Monday," Pilot said during an address at the MCC Chamber of Commerce in Kolkata. ...
03:20 AM, Dec 17, 2012
Union Minister Sachin Pilot on Saturday blamed the Narendra Modi-led BJP government's "faulty policies" for farmers suicides in Gujarat. "When the Chief Minister takes credit for development, he should also accept that farmers are taking such extreme steps because of his faulty policy," he said, holding the Modi government responsible for farmers' suicides in the states. ...
04:20 AM, Dec 09, 2012
The Congress-led UPA got 17 new faces with Prime Minister Manmohan Singh going in for a major reshuffle of his ministry on Sunday. ...
11:57 PM, Oct 29, 2012
New Delhi: Prime Minister Manmohan Singh's new team assumed charge on Monday after 22 ministers, including 17 new faces, were sworn in on Sunday. Jyotiraditya Scindia took charge as the Minister of State for Power. He was first elected to the Lok Sabha from Guna in Madhya Pradesh in 2002. He was appointed the Minister of State for Commerce in 2009. D Purandeswari also took charge on Monday. She was...
11:32 AM, Oct 29, 2012
New Delhi: Prime Minister Manmohan Singh's imprint on the Sunday reshuffle in the Council of Ministers is evident with several leaders who are in favour of more economic reforms now a part of his new core team. In the biggest reshuffle of the Congress-led United Progressive Alliance Cabinet, Manmohan Singh inducted 17 new faces and a total of 22 ministers giving several new and young faces a chance to prove...
09:37 AM, Oct 29, 2012
Prime Minister Manmohan Singh effected a major Cabinet reshuffle on Sunday, giving away the major share to Andhra Pradesh and West Bengal to counter the Telangana forces in the former and ex-ally Mamata Banerjee of the Trinamool Congress in the latter. ...
05:50 PM, Oct 28, 2012
New Delhi: Prime Minister Manmohan Singh's imprint on the Sunday reshuffle in the Council of Ministers is evident with several leaders who are in favour of more economic reforms now a part of his new core team. In the biggest reshuffle of the Congress-led United Progressive Alliance Cabinet, Manmohan Singh inducted 17 new faces and a total of 22 ministers giving several new and young faces a chance to prove...
05:01 PM, Oct 28, 2012
New Delhi: Prime Minister Manmohan Singh effected a major Cabinet reshuffle on Sunday, giving away the major share to Andhra Pradesh and West Bengal to counter the Telangana forces in the former and ex-ally Mamata Banerjee of the Trinamool Congress in the latter. Several ministers were elevated to the Cabinet rank, with many new faces being included at the MoS level, even as portfolios of several ministers were changed. Below...
01:37 PM, Oct 28, 2012
