Lower tax rate for manufacturing coops-Amit Shah in RS
Newly set up co-operatives that undertake manufacturing activities will get benefits of a lower tax rate of 15%, as is available to new manufacturing firms, Union minister for home and cooperation Amit Shah has said in a reply in Parliament. In a written reply to a question in the Rajya Sabha on Wednesday, Shah also…
Andhra High Court lowers GST to 5% for badam milk
The Andhra Pradesh High Court recently ruled that badam ‘flavoured milk’ is not a beverage but is classifiable under a specific entry as ‘milk.’ The matter highlights a yet another classification issue under the goods and services tax (GST) regime, that reached the courts and baffled both the dairy industry and the taxpayers. Simply put,…
TNPCB imposes penalty of ₹5.10 crore on Aavin
The Tamil Nadu Pollution Control Board (TNPCB) has imposed a penalty of ₹5.10 crore on the Tamil Nadu Cooperative Milk Producers Federation Limited (Aavin) for environmental violations at its Ambattur dairy unit. This decision follows inspections revealing non-compliance with pollution control regulations, including untreated effluent discharges and improper waste management. In a report submitted before…
Nestle’s baby products complying with regulations
Taking cognisance of the report released by Swiss NGO Public Ey,e which raised concerns regarding levels of “added sugar” in Nestle’s baby food brand Cerelac in India, the Food Safety and Standards Authority of India (FSSAI) tested baby food products in India and found them to be in compliance with India’s infant nutrition regulations. Added…
Switzerland suspends MFN status for India under DTAA
Switzerland has suspended the most favoured nation (MFN) status granted to India following an adverse court ruling against Nestle. This means increased tax liabilities for Indian entities operating in Switzerland. From January 1, Indian companies will be subject to a higher withholding tax on income generated in Switzerland. tax demand on mncs The decision follows…
India used 114 mg of antibiotics for every kg of meat in 2020
For humanity, antibiotics are a huge blessing. Antibiotics have saved millions of lives from bacterial infections. However, there is growing concern that these bacteria will become resistant to the drugs we use against them. When we think about antimicrobial resistance, we often focus on what drugs humans take. We might not even consider the use…
IDFA Shares U.S. Dairy’s Priorities With Trump
The International Dairy Foods Association (IDFA) is sharing a comprehensive set of federal policy priorities that have been sent to President-Elect Trump’s transition team. IDFA President and CEO Michael Dykes, D.V.M., said IDFA and its more than 300 members are looking to the new administration to help U.S. dairy drive innovation, reduce barriers to business…
Animal Husbandry Key to India’s Economy: Chouhan
Union Minister Shivraj Singh Chouhan said agriculture is the backbone of India’s economy and along with animal husbandry it will have an important role as the country is poised to become the world’s third-largest economy in the near future. Batting for crop diversification, Chouhan said farming of fruits, flowers, medicinal plants, agroforestry, animal husbandry,…
Chhattisgarh to ink MoU with NDDB for dairy development
The Chhattisgarh government has decided to sign an agreement with the National Dairy Development Board (NDDB) for promoting dairy entrepreneurship in the state. The decision was taken at the cabinet meeting held here on Wednesday. The meeting was chaired by Chief Minister Vishnu Deo Sai. “To promote dairy entrepreneurship in the state of…
Milk powder, whey create headwinds for U.S. dairy exports
Unfavorable prices for milk powder and low-protein whey created hurdles for buyers of U.S. dairy exports in October. Cheese continued to impress. U.S. dairy exports declined 2% year over year in milk solid equivalents (MSE) during the month of October, the result of slow sales to Southeast Asia despite another month of mounting cheese exports….