Government of India stays out of milk pricing decisions
The Department of Animal Husbandry & Dairying (DAHD), Government of India does not regulate the procurement and sale prices of milk. These are determined by cooperative and private dairies based on factors such as cost of production, stocks of dairy commodities (e.g., white butter, skimmed milk powder), and prevailing domestic and international market conditions. However,…
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…
No fodder supply crisis;steps taken to address shortages in future: Govt
The government on Thursday said there is no fodder supply crisis at present but the prices remain high and steps are being taken to address any possible shortages in the future. According to a senior official, the current high prices of fodder is in line with other agri-products and states have not reported any shortages…