Mudgal told CNBC-TV18's Ronojoy Banerjee that the time had come for the government to have a enact a law on lobbying activies in India -hinting that the government could look at legalising lobbying activies. Top government sources indicate that the final report is likely to reveal regulatory loopholes in the system.
Below is the edited transcript of the interview on CNBC-TV18
Q: After many rounds of meetings and comments from the public, is it now fair to assume that you have arrived at a decision?
A: I have arrived at a decision, but the report is being written.
Q: Is it is also important for Indian lawmakers to formulate adequate legislation to address lobbying?
A: That will be a very good idea.
Q: What evidence did you gather over the last many meetings that led to arriving at a decision?
A: We asked questions about lobbying expenses. Beyond that I can't tell you anything.
Q: Will you meet with Wal-Mart executives again?
A: No, absolutely not. I have met them once and that is enough.
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