business news in context, analysis with attitude

• The International Business Times reports that despite Walmart's decision earlier this month to bail out on its joint venture in India, forsaking the retail business there to concentrate on wholesale operations there, Walmart "continues to lobby with U.S. lawmakers over India’s rules on foreign direct investment, or FDI, and has spent $1.5 million in total in the September quarter on a range of issues including FDI in India, as part of its ongoing efforts to establish a sizable presence in Asia’s third-largest economy."

Indeed, the story says that even these efforts have proven to be controversial since lobbying is itself illegal in India, and money spent on lobbying is seen as a bribe.
KC's View:
Lobbying. Bribing. Actually, when you think about it, it is a distinction without a difference. Maybe India has it right…