The Madhya Pradesh government has given its consent to hand over for the next five years the operations of the Madhya Pradesh State Cooperative Dairy Federation and the milk unions affiliated to it to the National Dairy Development Board (NDDB). This decision was made during a meeting chaired by Chief Minister Mohan Yadav on Tuesday here in Bhopal. The opposition Congress, however, resisted the move, claiming that it was Gujarat co-operative dairy Amul's "backdoor" attempts to take over MP's state-run milk brand Sanchi. "During the meeting, it was agreed that the Madhya Pradesh State Cooperative Dairy Federation and its associated milk unions will be managed and operated by the NDDB for the next five years. For this, necessary approvals will be obtained and legal action will be taken," an official release said. CM Yadav said that there is a consensus on giving responsibility to the NDDB to increase the income of farmers and cattle keepers by making the state a leader in milk ...
India's dairy industry is expected to witness healthy revenue growth of 13-14 per cent this financial year, as strong consumer demand continues along with improved supply of raw milk, a report said on Wednesday. While demand will be supported by rising consumption of value added products (VAP), ample milk supply will be driven by good monsoon prospects, Crisil Ratings said in a report. Rise in raw milk supply will also lead to higher working capital requirements for dairy players, the report noted. Though continued capital expenditure (capex) by organised dairies over the next two fiscals will result in debt levels inching up, the credit profiles will be stable supported by strong balance sheets. "Amidst modest growth of 2-4 per cent in realisation, the dairy industry's revenues are seen rising on healthy 9-11 per cent growth in volumes. VAP segment - 40 per cent contributor to the industry revenues - will be the primary driver, fueled by rising income levels and consumer transitio
The company expects this segment to grow by 10 per cent year-on-year and achieve total volume sales of two lakh litres per day (LLPD) from the variant by March next year
Indian milk processing firm Hatsun Agro Product said on Wednesday its quarterly profit surged 54% as a rise in input costs was offset by higher milk prices on the back of strong demand
The Municipal Corporation of Delhi "lacks comprehensive data" on dairy farms and 'gaushalas' in areas under its jurisdiction, an NGT panel said asking the civic authorities to carry out a complete inventory of the dairy farms by June 30. The solid-waste monitoring committee of the National Green Tribunal (NGT), which recently held a review meeting, asked the MCD to submit an action plan, including zone-wise details of dairy waste generated in their areas by July 31. In February, the NGT constituted the committee with Lieutenant Governor V K Saxena as its head. The panel submitted its report on Monday. In its report, the panel said that the NDMC and Delhi Cantonment Board (DCB) informed that there is no dairy functioning in their jurisdictional area. MCD officials did not respond to the questionnaire sent to them by PTI in this regard. According to the "Guidelines for Environmental Management of Dairy Farms and Gaushalas" by the Central Pollution Control Board (CPCB), July 2020, loc
The Delhi High Court has asked the city government to ensure supply of clean and hygienic milk to citizens and see to it that cattle do not feed on garbage as it can have a detrimental effect the quality of milk and those who consume it. The order by a bench headed by Chief Justice Satish Chandra Sharma came on a petition by a lawyer seeking directions to the authorities to take all measures for ensuring clean and hygienic milk for the people of Delhi. The Delhi government counsel said adequate steps were being taken to ensure supply of clean and hygienic milk to city residents and proper regulations were already in place. He further said if the petitioner files a representation with the authorities about her grievances, it will be considered in accordance with law. Observing that "no further orders are required to be passed" in the matter in view of the stand of the government, the court said the petitioner is at liberty to file a representation before the authorities. "The State
In the "Pashudhan" tool of Amul's Milk Producers' app, the cattle rearers can upload pictures of their cattle and enter details like the day's milk yield and breed in order to sell them
Dairy farmers would be paid an additional Rs 4 per litre of milk till March next year as part of a Rs 28 crore project for them, Kerala Minister J Chinchurani said
The decision has spooked Amul and global drinks majors including PepsiCo Inc and Coca-Cola, especially after the government declined to change its stance
The card allows beneficiaries to get loans from NABARD at rates ranging from 2 to 4 per cent
The Chennai circle of the bank which includes Tamil Nadu and Puducherry would make the loan available under the bank's YONO application
India's economy is on the mend but GDP growth may be in negative zone or near zero this fiscal, says the Finance Minister.
Opposition from politically-influential dairy farmers makes government hesitant to allow free access of dairy products from other countries
PM Modi launched the PMMSY and e-Gopala App, a comprehensive breed improvement marketplace and data portal for direct use of farmers, which will do away with middlemen in procurement and purchase
Here's a selection of Business Standard opinion pieces for the day
Milk farmers need support to deal with demand slump
Bhupesh Baghel will inaugurate the process of payment against cow dung procurement to the bank accounts of beneficiaries under the state government's Godhan Nyay Yojana
Margarine has a negative impact on human health due to the presence of large amounts of trans fat in it. Its use has increased significantly in hotels and restaurants
Stock limits will be imposed only under exceptional circumstances like national calamities and famine, said the FM
The cooperative model in India went out of the way to protect milk producers