Business Standard

FDI issue again creates uproar in Parliament

Reports of Wal-Mart spending Rs 125 cr on lobbying too fueled emotions

Read more on:    Fema | Parliament | Wal-mart | Rajya Sabha | Fdi In Retail
Related News

The issue of came to haunt the government again in with a united Opposition demanding an inquiry and reply from Prime Minister Manmohan Singh on reports of spending huge money to lobby for entry into the Indian market.

Forcing two adjournments in the before lunch, members from BJP, CPI-M, CPI, SP, JD-U, Trinamool Congress, AGP and AIADMK said the measure should be withdrawn as "corruption" has come to fore now because lobbying is illegal in India.

Raising the issue during Zero Hour, Ravishankar Prasad (BJP) said apprehensions were raised earlier also about Wal-Mart spending huge money to lobby for entering the Indian market, which has now been proved true.

"Wal-Mart has in its lobbying disclosure report to the US Senate said it has spent Rs 125 crore on lobbying and USD three million have been spent in 2012 itself for entering the Indian market.

"Lobbying is illegal in India. Lobbying is a kind of bribe. If Wal-Mart has said that hundreds of crores of rupees were spent in India, then it is a kind of bribe. Government should tell who was given this bribe. This raises a question mark on the implementation of FDI in retail," Prasad said.

He was supported by members from other opposition parties with TMC leader D Bandopadhyay waving a newspaper report and CPI-M member P Rajeeve asking for an "independent inquiry" into the whole episode alleging that there are some reports saying Wal-Mart invested money even before was amended.

"This is bribery," he said as the Opposition members shouted slogans in favour of withdrawing FDI.

Amid din, SP members trooped into the Well shouting slogans against the government's move to bring reservation in promotion for SCs/STs. Government has listed the Constitution (117th Amendment) Bill, 2012 for this purpose in the House today.

Read more on:   
|
|
|
|

Read More

RS returns appropriation bills to LS

The Rajya Sabha today returned relevant the appropriation bill (Vote on Account), 2013 to the Lok Sabha. The bill relate to spending of money out of ...


Quick Links

Back to Top