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 / 08:59, Sep 02, 2014
The indices are expect to open on a positive note. Some profit booking could always set in later in the day.