The dairy industry helps farmers by creating employment
Milk is the biggest agricultural commodity in India. It contributes 5% to the national economy and directly employs 80 million dairy farmers. Improvement in economic activity, increase in per capita consumption of milk and milk products, change in dietary preferences, and increasing urbanization in India has led the dairy industry to grow by 9-11% in […]
Nestle India’s net profit down 4% in Q2, revenue up 16%
Nestle India posted a net profit of ₹515.34 crore in the second quarter ended June 30, down 4.3 per cent against ₹538.58 crore in the corresponding quarter of the previous fiscal. Revenue from operations grew 16 .1 per cent to ₹4,036.6 crore. The company’s board approved acquisition of the pet foods business from Purina Petcare […]
Agri-allied sectors augmenting farmers’ income: PM
Prime Minister Narendra Modi on Thursday said the Centre’s efforts to encourage agriculture-allied sectors such as animal husbandry and horticulture to increase farmers’ income, is finally bearing fruit. Inaugurating two dairy projects of Sabarkantha District Cooperative Milk Producers’ Union (Sabar Dairy) in Himmatnagar in North Gujarat, he said, in the past eight years, incomes of […]
Withdraw GST on milk products, say dairy farmers
Dairy farmers from States such as Haryana, Rajasthan, Uttar Pradesh and Kerala held protests here on Wednesday, urging the Centre to revoke the decision to impose a 5% GST on dairy products and 18% on dairy machinery. The farmers, under the banner of the Dairy Farmers Federation of India (DFFI), sent a memorandum to the […]
Traditional sweetmeats or Mithai not confectionery, to attract 5% GST
Traditional Indian sweets cannot be categorised as ‘confectionary’ and malai sweets too may be treated as sweetmeat for applicability of GST, according to the Madhya Pradesh Authority for Advance Ruling. Confectionery includes sugar boiled sweets, lozenges, chewing gum, chocolate and ice lollies or edible ices, cakes, pastries, caramels and fudges. These attract GST at the […]
Pashudhan: Buying And Selling of Cattle Goes Online in Gujarat
All cattle buying and selling will go digital as 36 lakh dairy farmers of Gujarat will seek to do business through a cattle trading platform. With Amul’s new venture. A breeder in say, Junagadh, will be able to sell a newborn calf to a dairy farmer in Surat or Mehsana from the comfort of his […]
Hatsun to increase milk collection in AP, Telangana and Maharashtra
Hatsun Agro Product Ltd.(HAP), a leading private sector dairy company in India with brands ‘Arokya’, ‘Hatsun’, ‘Arun Icecreams’, has announced its plans to expand procurement in Andhra Pradesh, Telangana and Maharashtra. HAP has over 3,100 milk collection centres which benefit farmers across various villages in the three States. HAP plans to aggressively expand this network […]
Full or whole fat milk consumption may lead to Cognitive decline
Results of recent research that were published in Molecular Nutrition &Food research suggest that there are no obvious potential links between consumption of the most popular dairy products and cognition. There may be an association however with a greater rate of cognitive decline over a 2 year period in older adults at high cardiovascular disease […]
GST impact ‘marginal’ on dairy, agro items: Finance Minister
Finance Ministry has said that the net impact of GST on various dairy and agro products would be ‘marginal’ because of Input Tax Credit. It also acknowledged receiving petitions for re-consideration of GST on such items. “In case of pre-packaged and labelled form of such commodities, considering that the taxpayer will get input tax credit […]
NDDB Launches ‘NDDB Mrida Ltd’ for Manure Management
On the occasion, Rupala said NDDB Mrida Ltd will open avenues of additional income to dairy farmers from sale of slurry/dung. The savings to the farmers by virtue of replacement of cooking fuel with biogas. Efforts are being made for better utilization of bovine dung but most are individual initiatives. Parshottam Rupala, Union Minister of […]