Supreme Court Upholds 5% GST on Flavoured Milk, Rejects Centre’s Plea for 12% Tax Rate
The Supreme Court of India ruled that flavoured milk should be classified as milk under the GST law and taxed at 5%, rejecting the Union Government’s attempt to classify it under a higher tax slab of...Read More
Karnataka bakeries suspend tea, coffee, milk sales in protest
Small traders across Karnataka stopped selling tea, coffee, and milk to protest GST notices based on UPI data. Vendors switched to cash-only sales, wearing black badges, demanding withdrawal of tax no...Read More
Nestle India Q1 net profit falls on higher costs
Packaged foods maker Nestlé India Ltd's consolidated net profit fell 13.4 per cent year-on-year in the quarter ended June 30 as higher raw material and finance costs dented earnings despite robust gr...Read More
Dairy, Apples & Cheese Out Of UK FTA To Protect Farmers
India and the United Kingdom, in their Free Trade Agreement (FTA) finalised on Thursday, chose to exclude certain agricultural goods from tariff concessions—most notably dairy products, apples, and ch...Read More
Modi Govt Will Open Agri, Dairy Sector, Fears SKM
The Samyukta Kisan Morcha (SKM) said it had “serious apprehensions” that the Narendra Modi government was “surrendering to the diktats” of the US to sign the free trade agreement (FTA) to open the Ind...Read More
DAIRY FARMING IN JALGAON, MAHARASHTRA
In order to compliment and supplement the States and Union Territories for promoting small scale dairy farming the Department of Animal Husbandry and Dairying is implementing the following schemes an...Read More
High GST on ghee hurting farmers, aiding unorganised market
The Indian dairy industry is calling for a cut in Goods and Services Tax (GST) on ghee from 12% to 5%, arguing that the current rate is hurting farmers and promoting an unorganised market with adulter...Read More
Parag Milk Foods shares tank 6% after muted Q1 net profit
Shares of Parag Milk Foods Ltd fell in Tuesday’s trade after the company reported a tepid set of first quarter results. The dairy producer's stock declined 5.9 per cent to Rs 238.55 on BSE over its pr...Read More
The cost of convenience: What we lost to 10-minute deliveries
The year is 2006. I’m a 10-year-old in class 6, living in the middle of one of Delhi’s busiest markets, Sarojini Nagar. Back then, it was a full-blown family market, buzzing with everything from cloth...Read More
Ghee Demand in India to Soar Over Next Decade
India’s ghee market—which reached ₹3,200–3,480 billion in 2023–24—is projected to nearly double by 2033, growing at an estimated CAGR of 8–9% (as per Imarc). This surge is driven by deep-rooted cultur...Read More
GCMMF unanimously elects Ashokbhai B Chaudhary as chairman
Gujarat Cooperative Milk Marketing Federation (GCMMF), popularly known as the Amul Federation and the world’s largest farmer-owned dairy cooperative, today unanimously elected Ashokbhai B. Chaudhary (...Read More
Milky Mist files draft papers for Rs 2,035 crore IPO
Tamil Nadu-based dairy products maker Milky Mist Dairy Food has filed preliminary papers with the SEBI to raise funds up to Rs 2,035 crore via initial public offering (IPO). The IPO will be a combina...Read More