New GST regime on dairy products will hit farmers, entrepreneurs
At a time when cost of dairying is increasing, the Goods and Services Tax (GST) Council decision to impose 5% tax on curd, butter milk, and lassi has come as a dampener for the dairy sector. “Dairy sector is a source of livelihood for people in the lower strata of society. GST on high-demand milk […]
Impact on recent increase on GST on dairy industry by 47th GST council
The GST Council at its meeting held on July 1, 2022 have removed the exemptions on GST on repackaged, relabeled and packaged butter milk, curd, lassi and paneer. The decision states that the above products will be charged GST @ 5%. GST Council have also raised the GST on dairy machinery and milking machines from […]
Bringing Green Practices To The Dairy Industry In India : Dr K Rathnam
The dairy industry is evolving at a rapid pace these days and India is the world’s greatest milk producer, accounting for 22 percent of worldwide dairy production. It is also the single greatest agricultural product produced in the country, accounting for over 5 percent of the national GDP. With 70 million dairy farmers tied to […]
Ukraine-Russia conflict: Multi-layered impacts on dairy
The impacts of the Ukraine-Russia conflict on the global dairy markets are multi-layered, Rabobank says in a recent report. “Higher feed and fertiliser prices will only serve to limit milk supply growth in an already tight market.” According to the Rabobank report, there will be some impact in Australia as a result of the tightened […]
India-Aus CECA and the dairy saga: The dairy farmers needs protection
The India visit of the Australian trade minister in February 2022 has expedited the early harvest trade deal between both countries. An interim agreement which is expected in about a month’s time would be a major leap towards the signing of a Comprehensive Economic Cooperation Agreement (CECA) between India and Australia later this year. In […]
India-Aus CECA and the dairy saga: The dairy farmers needs protection
The India visit of the Australian trade minister in February 2022 has expedited the early harvest trade deal between both countries. An interim agreement which is expected in about a month’s time would be a major leap towards the signing of a Comprehensive Economic Cooperation Agreement (CECA) between India and Australia later this year. In […]
Looking at the dairy industry from here- the only way is to go Up
“As I am touched by the first ray of light, I ask myself can something so wrong feel so right.”….Work of Art I saw the sunrise today and it was no less beautiful than it was yesterday. As per Pluto, Beauty lies in the eyes of the beholder . We can see a day coming […]
Omicron a reality or premature arrival of the future
The Hindu shared four possible scenarios for a third wave in June 2021. The new variant of Omicron is pushing the whole world towards an abnormal future. Are we ready for this future ? We must also try to anticipate the impact of the third wave on the dairy industry. In the first scenario, the […]
Easiest way to solve a problem is stop participating in the problem
Dairy industry in India is passing through an interesting time. With each day passed the threat of a third wave is waning off. Large dairy groups have begun to expand through organic or inorganic growth routes. The sales in Hotels and restaurants is improving because the footfall in markets has improved. Everyone is looking forward […]
Agenda for the government –#1 Don’t meddle with dairy industry
This article has two recommendations but we will covering related to dairy in detail here. The first is that the health minister needs to be replaced. He promotes neither truth nor good science that Azim Premji, noted industrialist told an RSS gathering recently . Instead, we would like to see someone like the collector of Nandurbar, […]