India to have fixed target for term loan in dairy sector
Animal Husbandry and Dairy Development Minister Prem Singh Patel on Saturday launched country’s first A-Help training programme in Bhopal. Pashu-Sakhis of the Self-Help Groups of the State Rural Livelihood Mission were trained as A-Help workers in a programme organised by the Union Ministry of Rural Development and Fisheries, Animal Husbandry and Dairying in collaboration with…
MoU inked to set up dairy project and logistics unit in Kerala
The Kerala State Industrial Development Corporation (KSIDC) has signed a memorandum of understanding with the Muralya Dairy Products (P) Ltd for setting up a dairy project and logistics unit in Ernakulam district. The MoU was signed by M.G. Rajamanickam, managing director, KSIDC, and K. Muraleedharan, chairman and managing director, Muralya Dairy Products, in the presence…
‘Throw everything’ at FMD and LSD : Australian dairy industry
The Australian dairy industry has enacted the emergency animal disease team to coordinate the dairy value chain’s response to the heightened threat of foot and mouth disease and lumpy skin disease. Representatives of the dairy industry’s farming, processing and research and development sectors — from Australian Dairy Farmers, Australian Dairy Products Federation and Dairy Australia…
IPO is just part of a long-term play in dairy market: Dodla Dairy’s Reddys
Dodla MD Sunil Reddy (left) and BVK Reddy, the CEO with Anuradha SenGupta Dodla Dairy, which went public almost a year ago, is a Hyderabad-based milk and dairy products company that has focused on the southern market. As it begins the 25th year of its operations, the company spells out its growth plans. Moneycontrol caught up with Dodla…
Amul bucked Covid blues, launched 100+ products during lockdown
The adage “necessity is the mother of invention” fits well for brand Amul, which is owned and marketed by the Gujarat Cooperative Milk Marketing Federation (GCMMF). During the Covid-19 nationwide lockdown, which lasted for several months from March 2020, the leading dairy cooperative brand ensured seamless supply of milk and milk products across its markets. At…
Firms not passing on ITC in prepacked Dairy may face profiteering charges
Companies not passing on the benefit of Input Tax Credit (ITC) on pre-packaged dairy and agro items may face profiteering charges. Experts say prices of such products need not go up by a flat 5 per cent because of ITC. One of the responses in an FAQ (Frequently Asked Questions) issued by the Central Board…
Hatsun Agro reports 12% decline in net profit in Q1
Hatsun Agro Product Ltd, the Chennai-based dairy company, reported a 12 per cent decline in net profit to ₹52 crore in the first quarter ended June 30, 2022 as against ₹59 crore for the same quarter last year. Revenue was up 31 per cent to ₹2,015 crore (₹1,539 crore). For the first time, the company…
Will ask traders not to pass on 5% GST on dairy products to consumers
Dealers, who were not claiming the input tax credit earlier, can get it reimbursed now Chief Minister Basavaraj Bommai, who also heads the Group of Ministers (GoM) on GST rate rationalisation, announced here on Monday that he will ask traders not to pass on to consumers the 5 per cent GST levy on dairy items,…
GST rate on pre-packaged, pre-labelled dairy & agri products notified
Loose sale continue to be exempted; room rent of ₹5,000 plus in hospital to attract GST Get ready to pay more not just for pre-packaged and labelled curd, lassi, flour, rice etc but also for cutleries. The Finance Ministry has notified GST rates for various goods sold as pre-packaged and pre-labelled beside others. Tax officials have…
GST rate on pre-packaged, pre-labelled dairy & agri products notified
Loose sale continue to be exempted; room rent of ₹5,000 plus in hospital to attract GST Get ready to pay more not just for pre-packaged and labelled curd, lassi, flour, rice etc but also for cutleries. The Finance Ministry has notified GST rates for various goods sold as pre-packaged and pre-labelled beside others. Tax officials have…