Business Economy


Karnataka govt okays Rs 4 per litre increase in milk prices

Bengaluru, Mar 27 (UNI) The Karnataka government has approved a Rs 4 per litre increase in milk prices, effective from April 1, following prolonged deliberations with stakeholders, including the Karnataka Milk Federation (KMF) and farmers' organisations.
Animal Husbandry Minister K Venkatesh made the announcement on Thursday, highlighting the state’s decision to address persistent demands from dairy farmers and the Department of Animal Husbandry. The price revision is expected to directly benefit milk producers, a key condition set by Chief Minister Siddaramaiah before approving the hike.
"The increase was necessary to ensure fair compensation for dairy farmers, who have been struggling with rising production costs," Venkatesh stated. "After extensive discussions, the cabinet has decided to implement the revised rates from April 1."
Farmers’ organisations, including the Karnataka Rajya Raitha Sangha and Green Brigade, had been advocating for a Rs 5 per litre increase and an interim support price of Rs 10 per litre.
In February, these groups staged protests at the KMF office in Bengaluru, demanding an enhancement of procurement rates to at least Rs 50 per litre. The state government, however, has settled on a Rs 4 per litre hike after reviewing financial and logistical considerations.
Milk federations across Karnataka have welcomed the decision, asserting that it will offer much-needed relief to dairy farmers. Industry experts believe the revised pricing will help stabilise the dairy sector, ensuring continued production and fair earnings for those dependent on it.
UNI BDN GNK
More News

Singareni’s 800 MW Ultra Supercritical Thermal Power Project coming up in Mancherial

09 Nov 2025 | 8:30 PM

Hyderabad, Nov 9 (UNI) The foundation stone for the upcoming 800 MW Ultra Supercritical Thermal Power Project at the existing Singareni Thermal Power Plant (STPP) premises in Jaipur, Mancherial district of Telangana, is expected to be laid soon.
Singareni Collieries Company Ltd (SCCL) Chairman and Managing Director N Balaram, who visited STPP, instructed the plant Executive Director and General Managers to ensure that all arrangements are in place for the foundation stone laying, by the state government.

see more..

Foreign investors resume selling in Nov after brief pause in Oct

09 Nov 2025 | 5:54 PM

New Delhi, Nov 9 (UNI) The foreign portfolio investors have resumed selling after a brief pause in October pulling out a net Rs 12,569 crore from Indian equities thus far in November.

see more..

Foreign exchange reserves fall by USD 21 87 billion in three weeks

09 Nov 2025 | 3:45 PM

Mumbai, Nov 9 (UNI) India’s foreign exchange reserves fell by USD 5.623 billion to USD 689.733 billion during the week ended October 31, marking a cumulative decline of USD 21.869 billion over the past three weeks.

see more..

Singareni launches free accidental insurance scheme to its employees & contract workers

09 Nov 2025 | 1:57 AM

Hyderabad, Nov 8 (UNI) Singareni Collieries Company Limited (SCCL) Chairman and Managing Director N. Balram today stated that the free accident insurance scheme, launched for the first time in the country for Singareni employees and contract workers with the cooperation of government and private sector banks as per the directions of the State Government, has become a model for the entire nation.
He said that both the Central and State Governments are now taking steps to implement this scheme in their respective organizations.

see more..

Adani Kutch Copper inks deal with caravel for Australian project

09 Nov 2025 | 12:18 AM

Mumbai, Nov 7 (UNI) Adani Group's Kutch Copper Ltd has officially announced that it has signed a non-binding memorandum of understanding (MoU) with Australia's Caravel Minerals Ltd to collaborate on the latter's copper project in Western Australia. According to the deal, Adani-owned Kutch Copper will have the first rights to participate at the project-level or as direct equity investments during the MoU term.

see more..