Wholesale prices contract but milk inflation at 8.59%
Wholesale prices contracted for the third consecutive month in June on the back of lower prices of manufactured items, reiterating the fact that falling commodity prices are contributing to a cost deflation in the Indian economy. The Wholesale Price Index (WPI) contracted by 4.12% in June reaching its lowest value since October 2015 according to…
RBI uses milk supply data for dairy farmer loans
For many farmers or dairy farmers, getting a bank loan is impossible for want of any credit history. But here is a solution: A new platform by the Reserve Bank Innovation Hub that enables a borrower to tap into the data on milk sold by the dairy farmer to Amul or the land records available…
Maharashtra fixes Rs 34/ litre procurement price for cow’s milk
The Maharashtra government on Friday announced a minimum procurement price of Rs 34 per litre for cow milk. This is the lowest rate which dairy firms must pay to farmers to buy milk. The earlier rate was approximately Rs 32. The state plans to revise rates every three months. Consumers fear this could raise milk…
Milk price to be Increased by Rs 3.5 Instead of Rs 5 in Guwahati
With the conclusion of 15-day discussion on the price hike of milk, the Greater Guwahati Dairy Farmers’ Association has decided to increase its price by Rs. 3.50 instead of Rs. 5 on Thursday. The Greater Guwahati Dairy Farmers’ Association and Brihattar Guwahati Go-Palak Sanstha held a 15-day discussion on the latter’s proposal to increase the…
Government may reduce gst in ghee and butter to 5%
The government may propose reducing goods and services tax (GST) on ghee and butter to 5% from the current 12%, according to government documents reviewed by Mint. The plan comes as retail milk prices have risen by 10.1% in a year and 21.9% over the past three years due to higher feed and fodder costs…
Vipul Chaudhary sentenced to 7 years in prison for graft
A Gujarat court on Thursday sentenced former minister Vipul Chaudhary, 57, and 14 others to seven-year imprisonment after convicting them in the case related to siphoning off ₹750 crore from the Mehsana District Milk Producers Federation, popularly known as Dudhsagar Dairy. The dairy is India’s largest co-operative dairy and part of the Gujarat Co-operative Milk Marketing…
KRRS urges Karnataka govt. to increase milk price to ₹60 per litre
Karnataka Rajya Raitha Sabha has urged the State government to fix the price of milk at ₹60 per litre and do away with the support price of ₹5 per litre being given to milk producers. In a press conference in Shivamogga on Thursday, July 13, H.R. Basavarajappa, State president of the Sangha, said the milk…
Modi Inaugurates 4000 Cubic Mtr Dung-Based Biogas Plant
Prime Minister Narendra Modi inaugurated NDDB’s 4000 cubic mtr (per day) capacity cattle dung-based biogas plant at Varanasi on 7 July 2023 in the gracious presence of Anandiben Patel, Hon’ble Governor of Uttar Pradesh, Yogi Adityanath, Chief Minister of Uttar Pradesh and other eminent dignitaries. Terming it as a pathbreaking step leading to sustainable dairying,…
Assam: Sale of sophisticated powder to make artificial milk
There have been reports of rise in the sale of sophisticated powder to manufacture artificial milk in Assam’s Dhubri district, calling for immediate action against businesses involved in the adulteration. After a sting operation, it was discovered that few businessmen in Dhubri were selling a sophisticated powder used to manufacture artificial milk. As a result,…
A.P.’s Shreeja dairy turns ten years old
Shreeja Mahila Milk Producer Company (SMMPC), the world’s largest women-owned and women-managed dairy that has helped lakhs of women achieve social and economic empowerment, has turned ten years old. Started with just 27 members, it has reached the stage of being proudly owned by 1.09 lakh women, all of them cattle-rearing women from the countryside….