Diary Industry Current Affairs - 2020

GoI completes integrating Cold Chain Projects

On May 5, 2020, the Ministry of Food Processing held video conference to discuss about the completion of the integration of cold projects in the country. The promoters of the project were the main participants of the conference. Highlights Over 38 cold chain project promoters participated in the conference. The promoters shared their challenges and Read More…

Revision of interest subvention under Diary Processing and Infrastructure Development Fund from 2% to 2.5%

The Cabinet Committee on Economic Affairs recently approved its revision of interest subvention rates from 2% to 2.5% per annum. This is being done under Diary Processing and Infrastructure Development Fund (DIDF). Highlights Under the DIDF, GoI will now provide interest subvention up to 2.5% to NABARD till 2030. This shall enable NABARD in devising Read More…

India to partially open up Poultry and Diary Markets to imports from US

Ahead of President Trump’s visit by the end of February 2020, GoI has announced that it is to partially open the poultry and Diary market to imports from US. Highlights India will now allow imports of US turkey, chicken legs blueberries and cherries. The tarrif on Chicken legs are to be cut from 100% to Read More…

India withdraws from RCEP

On November 4, 2019, India decided against joining Regional Comprehensive Economic Partnership (RCEP) trade deal as India did not receive any credible assurance on market access and non-tariff barriers. This paved way for the other 15-members to go ahead and sign the deal keeping the door open for India to join at later date. Reasons Read More…

Government bans oxytocin hormone to curb misuse

The Union Ministry of Health and Family Welfare has banned manufacture and sale of Oxytocin drug formulations for domestic use in private sector to prevent its misuse from 1st July 2018. Its import also has been banned. It also has not allowed retail or wholesale chemists to stock this drug in their shops in any Read More…