-Down to Earth 100,000 young children and teenage girls are victims of 'bonded labour' in Tamil Nadu; dalit girls worse off An international organisation working for welfare of workers has drawn attention to the hazardous and exploitative working conditions of young girls working for the garment sector in Tamil Nadu. An estimated 100,000 children and teenage girls are working in extremely oppressive conditions in the spinning mills and garment factories in Tamil Nadu,...
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Wal-Mart gets clean chit in Fema case-Deeptiman Tiwary
-The Times of India NEW DELHI: The Enforcement Directorate has given a clean chit to Wal-Mart, the world's largest supermarket chain, in a case related to alleged violation of Foreign Exchange Management Act (Fema), a move that may pave the way for the US retailer to pursue its India investment plans more aggressively. Earlier this week, ED wrote to the RBI, saying a case of violation could not be made out as...
More »Walmart's investment in Cedar violates FEMA, RBI rules: CBI -Rasul Bailay
-The Economic Times NEW DELHI: The Central Bureau of Investigation (CBI) has said Walmart's $100-million investment in Cedar Support Services, the holding company of Bharti Retail, in 2010, violated India's foreign exchange rules as well as Reserve Bank of India (RBI) guidelines but said as these violations did not fall within its purview, it cannot investigate the matter. "The case was analysed which reveals violations of RBI guidelines and Fema regulations," the...
More »Bribery probe against Walmart inconclusive, but no clean chit to US retailer -Anandita Singh Mankotia
-The Economic Times NEW DELHI: Terming some of the answers provided by Walmart as "incomprehensible" and parts of the deposition by its just departed India boss Raj Jain as "ambiguous", a government committee set up to look into whether the US behemoth indulged in bribery in India, has refused to give it a clean chit, complicating its efforts to draw a line under the episode. The one-man committee under Justice Mukul Mudgal...
More »Panel probing Walmart’s lobbying charge submits report
-The Hindustan Times A government-appointed committee that was looking into allegations of US retail major Walmart's lobbying activities to enter the Indian market has submitted its report to corporate affairs minister Sachin Pilot on Saturday. "The report has just been submitted, the minister would go through it," said a senior corporate affairs ministry. There were reports that the committee has given Walmart a clean chit but it could not be independently verified. The committee,...
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