Fintech for Women’s Financial Inclusion – Indian Dairy Sector
Dairy production in India is anchored in 80 million rural smallholder households with marginal livestock holdings. Household-based production reflects the traditional gendered division of labour within households. Male members control market transactions and cash flows, while women carry out the bulk of day-to-day production activities. While time and labour-intensive, women’s work in dairy farming is…
FSSAI asks to check on products being sold as plant-based ghee
In its latest order, the Food Safety and Standards Authority of India (FSSAI) has asked food safety commissioners to take “enforcement action” against companies that are selling plant-based ghee and butter. In its order dated January 23, it said that such products are of non-animal origin and are blends and mixtures of edible oils and hydrogenated…
The good cooperative
Companies are investor-owned entities that exist primarily to maximize their return on capital. This is reflected in the value of their shares, whether traded on an exchange or not. The investor-owner ultimately seeks capital appreciation and the highest possible price for the shares he wishes to sell or pledge to raise further funds. Cooperatives, on…
Amul, NAFED among promoters of New national export cooperative
The proposed national multi-state cooperative export society, to be established under the Multi State Cooperative Societies (MSCS) Act, 2002, will have a paid-up capital of Rs 2,000 crore, a top official at the Union Ministry of Cooperation said Thursday. The official said the proposed export cooperative will have five promoters — Gujarat Cooperative Milk Marketing…
Sodhi resignation — Milk industry jolted, writes RN Bhaskar
Last week delivered a shock to many in the milk industry. R.S. Sodhi, the senior-most executive of the largest milk cooperative in India accounting for a turnover of Rs. Rs 46,481 crore in 2021-22, stepped from the helm of affairs. He resigned from the post of managing director of the Gujarat cooperative Milk Marketing Federation…
Decarbonising India: Agriculture is one of the largest emitter of GHG
India’s transition to a net-zero economy by 2070 depends on the decarbonisation path it takes. A recent study by consulting firm McKinsey & Co says decarbonising could help India save a cumulative USD1.7 trillion in forex on energy imports by 2070. Besides, an orderly transition could turn the country into a manufacturing and R&D hub for clean technologies such…
New-age tech and the dairy industry
The livestock population in India is about 536 million, of which about 300 million are milch cattle. Internet of things (IoT) and artificial intelligence (AI) can play a significant role in optimising the dairy sector and meet the increasing demand for quality products. The department of animal husbandry (DAHD) recently came out with an expression…
How the regenerative economy can advance social and gender equality
Women, who are disproportionately represented among the world’s poor, are also overexposed to the impacts of climate change. Regenerative solutions which consider equity, climate and gender can accelerate climate action while advancing gender equality and social inclusion. Collaborating with social enterprises to scale innovative solutions enables organizations to make meaningful impact across multiple SDGs. COP27…
The many benefits of mapping cooperatives
A national database on cooperatives has been initiated by the Ministry of Cooperation for single-point access to information on cooperatives of different sectors and develop a process for better understanding of cooperatives. The proposed database shall facilitate all stakeholders in policy-making and implementation to strengthen the cooperative movement in the country. In the first phase…
Budget 2023| With inflation fears less money in the hands of consumers
A consumer in Delhi now pays at least Rs. 8 more for a litre of packaged milk compared to the beginning of 2022 because of several price hikes by prominent milk brands Mother Dairy and Amul. And while the smallest pack of Parle G biscuits still costs Rs 5, the weight of ingredients in the pack…