date:Jun 02, 2012
t in order to make India a milk-surplus country and to pay reasonable returns to the milk producers, the government would need to give policy focus to dairy. Dairy today contributes 26 per cent to the total agricultural output, but still receives only 12 per cent of the public expenditure on agriculture. Further, exempting income tax on dairying, like it is in agriculture, and reduced value-added tax (VAT) rates on consumer products which are currently as high as 12.5 per cent would help boost d