Dairy Industry Current Affairs, GK & News

New Scheme for Diary Sector: GoI subsidizes interest rates on working capital

On May 14, 2020, the Government of India launched a new scheme for the diary sector. The scheme has introduced Interest Subvention on Working Capital to support Diary Cooperatives and FPO (Farmer Producer Organization). Key Features The scheme intends to modernize existing milk processing units. It will also enhance the milk processing capacity of the ..

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Milk Price Rise in India

On December 14, 2019, Gujarat Cooperative Milk Marketing Federation (Amul) and Mother Dairy (owned by National Diary Development Board) increased MRP (Maximum Retail Prices) of their pouched milk by Rs 2 per litre. Why the price rise? The two main reasons behind the price hike is partly structural and partly weather related. The months between ..

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India, Rwanda sign eight agreements in various fields

India and Rwanda have signed eight agreements in the fields of defence, trade, agriculture, leather and allied products and dairy. The agreements were signed following delegation-level talks between Prime Minister Narendra Modi and Rwandan President Paul Kagame in Kigali, the capital city of Rwanda. PM Modi became first Indian Prime Minister to visit Rwanda. Highlights ..

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Government bans imports of hormone oxytocin

The Union government has banned imports of hormone oxytocin to stop its misuse in livestock industry, where it causes hormonal imbalances and shortens the lives of milch animals. The Government has decided to rely on domestic production to satisfy requirements of hormone. It has asked customs officials to step up vigilance against those likely to ..

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CCEA approves Dairy Processing & Infrastructure Development Fund

The Cabinet Committee on Economic Affairs (CCEA) approved Dairy Processing & Infrastructure Development Fund (DIDF) Scheme with an outlay of Rs 10,881 crore to boost dairy sector. It will be managed by National Dairy Development Board (NDDB) and shall be implemented from 2017-18 to 2028-29. Initially, Rs.8,004 crore loan will be provided by NABARD to ..

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