Budget 2024-25 Missing Dairy Focus again
The much-awaited budget for FY 25 by Modi 3.0 has been presented. As a dairy farmer, I searched the Finance Minister’s speech for words such as cow, livestock, dairy, milk, animal husbandry, methane, manure, FMD, Brucellosis, and biogas. Unfortunately, none of these terms were mentioned even once. I then looked for other key terms and […]
Expectations of the Indian Dairy Industry from Modi 3.0 in FY 25
As the Indian dairy industry looks to FY 25 under the leadership of Prime Minister Narendra Modi’s third term, it anticipates a series of strategic interventions and supportive policies from the government. Given the industry’s critical role in the national economy and its impact on rural livelihoods, several key areas need urgent attention to ensure […]
Whats for dairying in Budget 24-25 by Finance minister
In today’s budget the Finance minister reiterated their commitment towards the farmers and particularly women farmer. Lakhpati didi is the new name given for empowering weomen farmers through SHGs. For dairy sector there was a mention in the FM’s speech as below: Key highlights for the dairy sector in today’s interim budget are as follows […]
My smiles are as fake as your promises-Lakhpati Didi
Today, on February 1, 2024, our country’s budget has been announced. Given that 2024 is an election year, an interim budget has been presented, subject to review by the elected government in the latter half of the year. Recently, I came across news indicating that by December 2023, India might have only utilized 45% of […]
Buying Amul not against Karnataka’: FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman spoke out on the recent controversy surrounding the entry of Amul into Karnataka, stating that the accusations of bringing in Amul to kill Nandini were “brazen.” Speaking at the Thinkers Forum in Karnataka, Sitharaman alleged that the issue had been tweaked and twisted for political gain during the upcoming Assembly […]
DAIRY NEWS Budget 2023 to give impetus to dairy processing, says ICRA
The incentives announced in the Union budget 2023-24 for the cooperative sector are expected to boost dairy processing industry in the country, said ratings agency ICRA. Finance Minister Nirmala Sitharaman in her budget speech said: “Co-operatives that commence manufacturing activities till March 31, 2024 shall get the benefit of a lower tax rate of 15 […]
Is this what dairy industry was expecting from Budget 2023 ?
Everyone was eagerly waiting for the budget 2023-24 and finally it came. The last budget speech was of 38 pages and had no mention of terms like dairy or animal husbandry. This time our expectations were high as the budget speech was of 58 pages and had the word dairy mentioned 3 times and animal […]
18% GST on ice-cream parlours effective only from Oct 6, 2021
Ice-cream parlours can breathe easy as the Finance Ministry has said that the 18 per cent GST will not take retrospective effect. It also said that fees for entrance exams, issuance of migration certificates etc and charges for preferred location of land will not attract GST. Based on the recommendations by the GST Council in […]
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 […]
The budget for Dairying ministry has been increased by 44 percent
Union Budget for the FY22 presented by Union Finance Minister Smt. Nirmala Sitaraman has allocated Rs 6,407.31 crore for the Ministry of Fisheries, Animal Husbandry, and Dairying. The budget allocation for Ministry of Fisheries, Animal Husbandry, and Dairying has been increased by 44 percent. Shri Atul Chaturvedi, Secretary for the Department of Animal Husbandry & […]
