Amid a probe being initiated into Wal-Mart's US lobbying with regard to
its India entry, the global retail giant has continued to lobby with the
American lawmakers on this issue, as also others, and spent a total
amount of $6.13 million on the same during 2012.
As per the latestCongressional records of lobbying disclosure reports, the
US-based Wal-Mart Stores spent a total amount of $1.48 million (about Rs. eight
crore) on lobbying for various issues, including on "discussions
related to FDI in India", during the last quarter ended December 31,
2012.
This has taken the total lobbying bill of the company for entire 2012 to $6.13 million (about Rs. 33 crore), the lobbying disclosure records available with the US Senate show.
Wal-Mart has been lobbying with the US lawmakers on dozens of issues every quarter, whose disclosures it is mandatorily required to make under the American regulations.
Recently, the Indian government initiated a probe into the lobbying activities by Wal-Mart in the US for gaining access to Indian market, after disclosures about these activities caused a furore and a political debate in India.
This has taken the total lobbying bill of the company for entire 2012 to $6.13 million (about Rs. 33 crore), the lobbying disclosure records available with the US Senate show.
Wal-Mart has been lobbying with the US lawmakers on dozens of issues every quarter, whose disclosures it is mandatorily required to make under the American regulations.
Recently, the Indian government initiated a probe into the lobbying activities by Wal-Mart in the US for gaining access to Indian market, after disclosures about these activities caused a furore and a political debate in India.
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