Amul will never get listed or bring it’s IPO
The dairy business is not an easy space to be in. Even the best dairy industry player like Amul took decades to reach where it is today. It is a business where challenges are present all year around. But if you scale the business, these challenges tend to come down. And then comes an inflection…
Milk production in Karnataka up by 62% in 5 years
In 2018-19, Karnataka produced 7.9 million tonnes of milk, followed by 9.03 million tonnes in 2019-20. The State crossed the 10-million-tonne mark in 2020-21, producing 10.94 million tonnes. Further gains were recorded in 2021-22 with 11.79 million tonnes, culminating in 12.83 million tonnes in 2022-23. Milk availability in Karnataka The State’s per capita milk availability has…
Lower tax rate for manufacturing coops-Amit Shah in RS
Newly set up co-operatives that undertake manufacturing activities will get benefits of a lower tax rate of 15%, as is available to new manufacturing firms, Union minister for home and cooperation Amit Shah has said in a reply in Parliament. In a written reply to a question in the Rajya Sabha on Wednesday, Shah also…
Andhra High Court lowers GST to 5% for badam milk
The Andhra Pradesh High Court recently ruled that badam ‘flavoured milk’ is not a beverage but is classifiable under a specific entry as ‘milk.’ The matter highlights a yet another classification issue under the goods and services tax (GST) regime, that reached the courts and baffled both the dairy industry and the taxpayers. Simply put,…
TNPCB imposes penalty of ₹5.10 crore on Aavin
The Tamil Nadu Pollution Control Board (TNPCB) has imposed a penalty of ₹5.10 crore on the Tamil Nadu Cooperative Milk Producers Federation Limited (Aavin) for environmental violations at its Ambattur dairy unit. This decision follows inspections revealing non-compliance with pollution control regulations, including untreated effluent discharges and improper waste management. In a report submitted before…
Nestle’s baby products complying with regulations
Taking cognisance of the report released by Swiss NGO Public Ey,e which raised concerns regarding levels of “added sugar” in Nestle’s baby food brand Cerelac in India, the Food Safety and Standards Authority of India (FSSAI) tested baby food products in India and found them to be in compliance with India’s infant nutrition regulations. Added…
Switzerland suspends MFN status for India under DTAA
Switzerland has suspended the most favoured nation (MFN) status granted to India following an adverse court ruling against Nestle. This means increased tax liabilities for Indian entities operating in Switzerland. From January 1, Indian companies will be subject to a higher withholding tax on income generated in Switzerland. tax demand on mncs The decision follows…
Animal Husbandry Key to India’s Economy: Chouhan
Union Minister Shivraj Singh Chouhan said agriculture is the backbone of India’s economy and along with animal husbandry it will have an important role as the country is poised to become the world’s third-largest economy in the near future. Batting for crop diversification, Chouhan said farming of fruits, flowers, medicinal plants, agroforestry, animal husbandry,…
Chhattisgarh to ink MoU with NDDB for dairy development
The Chhattisgarh government has decided to sign an agreement with the National Dairy Development Board (NDDB) for promoting dairy entrepreneurship in the state. The decision was taken at the cabinet meeting held here on Wednesday. The meeting was chaired by Chief Minister Vishnu Deo Sai. “To promote dairy entrepreneurship in the state of…
UP dairy trader caught making 500 litre fake milk
A businessman in Uttar Pradesh’s Bulandshahr has been held after he created 500 litres of fake milk using one litre of chemicals. According to the authorities, Ajay Agarwal–the owner of Agarwal traders who deal in milk and milk products–would mix artificial sweeteners and flavours in the chemicals to make it seem like real milk. He…