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India Seeks More Disclosure By Mncs

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Mamata Singh BUSINESS STANDARD
Last Updated : Jan 28 2013 | 1:21 AM IST

In a significant development, India and China have joined hands to demand a legally enforceable code of conduct for foreign investors to check their abuse of economic power in host countries.

They have also asked for greater transparency in accounting disclosures by multinational corporations, besides obligations from home countries like prohibiting corrupt foreign practices by their corporations.

A paper on investor and home country obligations drafted by India and submitted to the World Trade Organisation

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First Published: Dec 12 2002 | 12:00 AM IST

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