Centre raises outlay for 2 schemes by Rs 2,000 cr to Rs 6 190 cr to boost milk production
The government revised two schemes – National Program for Dairy Development and Rashtriya Gokul Mission, raising the outlay by Rs 2,000 crore to Rs 6,190 crore to boost milk production, procurement level, processing capacity, lab testing facilities and other related infrastructure. Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Revised National Program […]
Par panel asks govt to examine mechanism of determining milk prices by procurement agencies
A parliamentary panel has pointed out that the increase in milk prices is less than the average rate of food inflation and asked the government to examine the mechanism of price determination by milk procurement agencies to ensure better returns to farmers. A Standing Committee on Agriculture, Animal Husbandry and Food Processing submitted a report […]
PepsiCo to Acquire prebiotic soda brand poppi
PepsiCo, Inc. announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The transacion also includes an additional potential earnout consideration subject to the achievement of certain performance milestones […]
Nestlé and UNESCO unveil global initiative
One hundred teams of young social impact innovators will receive grants to develop relevant skills and solutions that enhance the resilience and sustainability of food systems with a focus on regenerative agricultural practices, climate change mitigation and packaging sustainability innovations. The objective will be to help 500 000 people directly or indirectly. Building on the […]
