Wal-mart's entry should be banned for illegal lobbying
Even though the global retail-giant Wal-mart confessed to spending a sum of Rs 125 crores on lobbying for entry in India, Union government has managed to get the bill relating to 'Foreign-Direct-Invest' (FDI) in India passed by the Parliament despite the fact that some parties voting for the Bill openly opposed the Bill.
THERE HAVE also been reports that unaccounted money of Indians in foreign banks abroad is coming back to India
under fear of possible Wikileaks disclosure. All these aspects lead to doubt about something rotten behind a dramatic passage of the controversial bill despite the fact that countries having earlier allowed Wal-mart did not enjoy good experience.
It is possible that unaccounted foreign money of Indians might have been managed to be invested in India through FDI.
Since passing of the Bill by Indian Parliament cannot be challenged even though in a suspicious manner, most logical reason to ban Wal-mart should be based on its confession of spending on lobbying in the country, which is illegal here.
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