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The Union Cabinet approved the appointment of a one-man Committee into the media reports concerning Wal-Mart.
The terms of reference of the Committee are as follows:-
(i) To inquire into recent media reports on disclosures of Wal-mart before the US Senate regarding their lobbying activities and details.
(ii) Whether Wal-Mart undertook any activities in India in contravention of any Indian law.
(iii) Any other matter relevant or incidental to the above.
The Committee will submit its report within three months.
India Infoline Research Team / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices