New sports drink harnesses the hydrating power of milk
With no artificial flavors, colors or dyes, GoodSport is a first-of-its-kind natural sports drink with three times the electrolytes and 33% less sugar than traditional sports drinks. The new drink, made from the all-natural goodness of milk, has been scientifically shown to provide long-lasting hydration, the company says. Available at Festival Foods and other retailers…
Do you know the Objectives of Indian Dairy Association? Read it here
A new CEC team has been elected at Indian Dairy Association Established in 1948, Indian Dairy Association (IDA) is the apex body of the dairy industry in India. The members are from the cooperatives, MNCs, corporate bodies, private institutions, educational institutions, government and public sector units. IDA functions very closely with the dairy producers, professionals…
Incredible feat! India ranks 1st in global milk production
Indian has achieved incredible feat in milk production. India has ranked first in Global milk production, said the Ministry of Information and Broadcasting, citing data from the Department of Animal Husbandry and Dairying and Department of Fisheries, on Saturday. According to the same data, India contributes 23 per cent of global milk production Milk production…
The dairy industry helps farmers by creating employment
Milk is the biggest agricultural commodity in India. It contributes 5% to the national economy and directly employs 80 million dairy farmers. Improvement in economic activity, increase in per capita consumption of milk and milk products, change in dietary preferences, and increasing urbanization in India has led the dairy industry to grow by 9-11% in…
Nestle India’s net profit down 4% in Q2, revenue up 16%
Nestle India posted a net profit of ₹515.34 crore in the second quarter ended June 30, down 4.3 per cent against ₹538.58 crore in the corresponding quarter of the previous fiscal. Revenue from operations grew 16 .1 per cent to ₹4,036.6 crore. The company’s board approved acquisition of the pet foods business from Purina Petcare…
Withdraw GST on milk products, say dairy farmers
Dairy farmers from States such as Haryana, Rajasthan, Uttar Pradesh and Kerala held protests here on Wednesday, urging the Centre to revoke the decision to impose a 5% GST on dairy products and 18% on dairy machinery. The farmers, under the banner of the Dairy Farmers Federation of India (DFFI), sent a memorandum to the…
Traditional sweetmeats or Mithai not confectionery, to attract 5% GST
Traditional Indian sweets cannot be categorised as ‘confectionary’ and malai sweets too may be treated as sweetmeat for applicability of GST, according to the Madhya Pradesh Authority for Advance Ruling. Confectionery includes sugar boiled sweets, lozenges, chewing gum, chocolate and ice lollies or edible ices, cakes, pastries, caramels and fudges. These attract GST at the…
Hatsun to increase milk collection in AP, Telangana and Maharashtra
Hatsun Agro Product Ltd.(HAP), a leading private sector dairy company in India with brands ‘Arokya’, ‘Hatsun’, ‘Arun Icecreams’, has announced its plans to expand procurement in Andhra Pradesh, Telangana and Maharashtra. HAP has over 3,100 milk collection centres which benefit farmers across various villages in the three States. HAP plans to aggressively expand this network…
Full or whole fat milk consumption may lead to Cognitive decline
Results of recent research that were published in Molecular Nutrition &Food research suggest that there are no obvious potential links between consumption of the most popular dairy products and cognition. There may be an association however with a greater rate of cognitive decline over a 2 year period in older adults at high cardiovascular disease…
GST impact ‘marginal’ on dairy, agro items: Finance Minister
Finance Ministry has said that the net impact of GST on various dairy and agro products would be ‘marginal’ because of Input Tax Credit. It also acknowledged receiving petitions for re-consideration of GST on such items. “In case of pre-packaged and labelled form of such commodities, considering that the taxpayer will get input tax credit…