The BJP-led Opposition has stormed Rajya Sabha after lobbying disclosure report was filed by Walmart that revealed it had spent a massive $25 mn lobbying to get entrance into India and demanded that the government respond.
The Bhartiya Janata Party reportedly said that lobbying was illegal in India, and asked the government to answer as to who got this Rs1.25bn.
Congress MP Rajiv Shukla tried to respond but was drowned out by loud protests, says report.
The Parliament passed vote on FDI retail last week under which foreign retailers get access to India retail market.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.