GST on Paneer will hit the cottage industry and dairy lovers alike
1. Due to the increase in fodder and fertilizer prices, Indian dairy and cattle farmers have been barely recovering their input costs. 2.With the new GST on cottage cheese and other dairy products, meat and dairy machinery, small farmers of the cottage industry will have to bear the brunt. 3.Experts predict that consumers will also see marginal changes in the prices of milk-related…
Milma demands Roll back of recently announced gst on fresh milk products
‘Move to cause severe stress on country’s strained dairy sector’ The Kerala Cooperative Milk Marketing Federation (KCMMF), known by its brand name Milma, has demanded rollback of the GST Council’s decision to impose 5% GST on relabelled and repackaged buttermilk, curd, lassi and paneer, and steeply raise the tax on dairy machinery from 12% to…
Write Down Will Only Help Us Strengthen Our Business: Devendra Shah
The previous quarters saw strong growth for the company. What has helped you, and what are your expectations for this fiscal? The economy’s gradual opening up has resulted in a good year for demand growth. All of our categories have experienced decent growth in terms of both volumes and value. We expanded our beverage category…
World Bank to discuss NDP-II project next week
The second phase of the National Dairy Plan (NDP-II), which will focus on supporting smaller milk unions to strengthen their marketing efforts and tackling adulteration in milk, is likely to be finalised soon. NDDB Chairman Meenesh Shah said the World Bank mission would be in Anand during the second week of July to discuss the…
Prices of Curd, Lassi and Buttermilk likely to rise after imposition of 5% GST
In the 47th meet, the GST Council chaired by Finance Minister Nirmala Sitharaman under withdrawal of exemptions, said, “hitherto, GST was exempted on specified food items, grains, etc when not branded, or right on the brand has been foregone. It has been recommended to revise the scope of the exemption to exclude from its prepackaged and pre-labeled…
Sales of HUL Kwality Wall’s ice cream back to pre pandemic levels
Hindustan Unilever Ltd’s (HUL) ice cream business under the umbrella brand Kwality Wall’s is back to pre-pandemic levels, thanks to the prolonged summer this year. In an interview, Srinandan Sundaram, executive director, foods and refreshment, HUL, spoke about the surprise business recovery, increased focus on home delivery channels and an eye on viable acquisitions. Edited…
Goa Dairy struggles and forced to stop FCM and Cow milk supply
The Curti-based Goa Dairy is yet to come out of the morass that it has been for the last your years. In fact, the dairy is heading for more troubles as its milk sales are dwindling and its cattle feed plant has been out of action for a week. Milk sales of the dairy have…
Farmers seek incentives from govt to promote dairy sector
Dairy farming will play a key role in accelerating the growth of agriculture sector and in providing nutritious dairy products to masses. The state government under its Amul – Palavelluva is providing an incentive of Rs 5 to 7 per liter of milk to farmers associated with milk cooperative societies in some districts. The farmers of twin…
Paneer, Meat, Papad Will Cost You More From July 18.
The tax rates on certain goods and services will rise from July 18, including some new products brought into the the tax net, under the Goods and Services Tax (GST), according to the finance ministry after the GST Council meet. The GST Council has accepted the recommendations of a panel of State Finance Ministers and…
CavinKare has launched its Cooking and Table Butter range
It is priced at ₹68 for 100g to ₹330 for 500g The Chennai-based FMCG major CavinKare has launched butter under its Cavin’s brand. It comes out with two variants – cooking and table butter. Manuranjith Ranganathan, Director, Retail, CavinKare, said that with the dairy segment expected to grow rapidly on changing dietary preferences, this would…