Centre asks FSSAI to initiate action against Nestle after sugar content in Cerelac report
The Union Consumer Affairs Ministry has asked the Food Safety and Standards Authority of India (FSSAI) to initiate “appropriate action” against Nestle, which allegedly sells baby products with high sugar content in India, and not in European countries. According to a report by a Swiss NGO, Public Eye and International Baby Food Action Network (IBFAN), […]
NABARD Issues Statement to Dispel Misinformation Regarding Dairy Loan Yojana
The National Bank for Agriculture and Rural Development (NABARD) issues a statement to address the recent misinformation circulating about the NABARD Dairy Loan Yojana. A series of false claims suggesting that NABARD is directly providing loans to farmers for dairy farming ventures under their Dairy Entrepreneurship Development Scheme. NABARD, categorically and unequivocally states that these […]
Dodla , Heritage , Parag : Why is Investec bullish on dairy sector?
The Indian dairy sector, which has experienced several obstacles in the last three years, such as demand disruptions due to the COVID-19 pandemic and milk shortages that led to a sharp increase in prices, is finally moving past the tough stretch and offers an opportunity for investors to tap into the rising discretionary consumption in […]
Nestlé adds sugar to infant milk sold in India, other Asian, African countries
The report highlighted that in India, where sales surpassed $250 million in 2022, all Cerelac baby cereals contain added sugar World’s largest consumer goods and manufacturer of baby formula, Nestle, reportedly adds sugar to infant milk sold in India, other Asian, African countries. According to a staggering report from Public Eye, a Swiss investigative organisation, Nestle added […]
Zakariyapura — India’s climate-smart model village for biogas production & utilisation
Zakariyapura village in Borsad taluka, Anand district, Gujarat has become a model for other villages across India by embracing small-scale biogas facilities in every household that owns milch cattle. In a typical biogas facility, cow dung undergoes anaerobic (absence of oxygen) digestion by bacteria, with the help of conventional technology, to produce biogas comprising 50-55 […]
Farm sector can grow over 6% in FY25 on good monsoon
The agriculture and allied sectors may register over 6 per cent growth in 2024-25 going by the predictions of a favourable monsoon and the low base of the previous year, NITI Aayog member Ramesh Chand told businessline. “This year (2024-25) will be highly favourable for agriculture, mainly due to two factors. One, the monsoon rainfall […]
IBISA’s Heat Stress Solution technology to offer protection to dairy farmers
Insurtech firm IBISA has announced the launch of its latest innovation – the Heat Stress Solution, which utilises advanced climate metrics and satellite technology to provide protection for dairy farmers. By offering compensation for revenue losses incurred due to heat stress, this unique solution serves as a lifeline for dairy farmers across India. Milk yields […]
65-ml Frooti packs, 85-ml packs of flavoured milk-Shrinkflation is back
As input prices, which were benign for a few quarters, turn inflationary, the spectre of shrinking packs looms large within the fast-moving consumer goods (FMCG) segment. This summer has seen the trend make its way back, albeit slowly, and in select categories. Companies have been cautious when reducing pack sizes, describing the move as a […]
Wide range, discerning consumer, boom time for Rs 30,000-cr ice-cream industry
As 11-year-old Kyra Arora enters the newly opened ‘ice-cream studio’ near her home in Panchkula, her eyes light up. On offer is a mouthwatering range of bars, lollipop sundaes, popsicles, ice-cream sandwiches, gelatos and mini bites. The unending variety is no vanity enterprise. It’s an indication of a booming ice-cream market and the exponential […]
New norms to rein in defaults in AHIDF dairy scheme
The central government has specified measures to disincentivize defaults in the guidelines for the realigned Animal Husbandry Infrastructure Development Fund (AHIDF) Scheme. Interest subvention, which is up to three per cent, will not be provided for defaulters at any point of time for repayment, official sources told Bizz Buzz, adding that the lender is free […]