Milk and milk products have an average weightage of 6.61 % in CPI
After moderating in the previous three months, inflation rate based on the Consumer Price Index (CPI) for January surpassed the upper threshold of the Reserve Bank of India’s tolerance band. The increase in retail inflation from 5.7 per cent in December to 6.5 per cent in January was largely driven by food prices, particularly cereals. Inflation in cereals…
Do away with different rate of GST on SMP, ghee: Chandramogan
R.G. Chandramogan, Chairman, Hatsun Agro Products, has urged the government to do way with the practice of charging different rates of GST on milk fats and skimmed milk powder (SMP), both of which are milk products. Milk is separated into two parts – SMP (skimmed milk powder) and milk fat. While milk fat is taxed…
White Revolution of India—Myths and Reality
India is widely mentioned as the top milk producer in world and this achievement is frequently stated to have been achieved on the basis of its ‘white revolution’ which in turn is claimed to have been achieved on the basis of improved livelihoods of small dairy farmers. How real are these claims? This is not…
Livestock sector Catching Up in Recent Years
The allied sectors of Indian agriculture – livestock, forestry & logging and fishing & aquaculture are gradually becoming sectors of buoyant growth and a potential source of better farm incomes. The livestock sector grew at a CAGR of 7.9 per cent during 2014-15 to 2020- 21 (at constant prices), and its contribution to total agriculture…
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…