logo
Why 'Non-Veg Milk' From Cows Is Becoming A Trade Barrier For India And US

Why 'Non-Veg Milk' From Cows Is Becoming A Trade Barrier For India And US

NDTV7 days ago
As India and the US are preparing to finalise an interim trade deal, agriculture and dairy prove to be sticky issues. India has drawn a line on opening these two sectors to the US as these may cause huge losses. The dairy sector feeds more than 1.4 billion people and employs over 80 million. Apart from this "non-veg milk" is causing contention.
India is asserting that there should be strict certification delineating that imported milk comes from cows that have not been fed animal-based products such as meat or blood. India has termed this as a "non-negotiable red line" because of religious and cultural sensitivities. Milk and ghee are used in religious rituals in India everyday.
"Imagine eating butter made from the milk of a cow that was fed meat and blood from another cow. India may never allow that," Ajay Srivastava of Global Trade Research Institute (GTRI), a New Delhi-based think tank, told PTI.
The US has termed India's demands as an "unnecessary trade barrier". A senior government source in an interview with India Today TV earlier in July said that, "There is no question of conceding on dairy. That's a red line".
"Cows are still allowed to eat feed that can include parts of pigs, fish, chicken, horses, even cats or dogs... And cattle can continue to consume pig and horse blood for protein, as well as tallow, a hard fat from rendered cattle parts, as a fattening source," The Seattle Times wrote. Other than that, there is poultry litter, chicken droppings, feathers and spilled feed that also be added, as that is cheap.
The dietary choices of most Indians are vegetarian, and consumption of dairy that has come from cows that have been fed animal by-products do not match the religious beliefs of Indians.
The US, which is a major dairy exporter, wants access to the Indian market, which is the world's largest milk producer and consumer. Agreeing to that would mean entry of cheaper US dairy products, which in turn would drive its domestic prices down and result in jeopardising the economic stability of farmers.
"The government needs to make sure we're not hit by cheap imports from other countries. If that happens, the whole industry will suffer, and so will farmers like us," Mahesh Sakunde, a farmer from Maharashtra told Reuters.
SBI has estimated the annual loss to be Rs 1.03 lakh crore if India opens its market to the US, ANI reported.
India's Department of Animal Husbandry and Dairying mandates veterinary certification for food imports, which ensures products are from animals that have not been fed bovine-related feed. The United States has criticised this at the World Trade Organisation.
The sticky points in the US-India trade deal involve both economical and cultural elements.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

What is BNPL and how does it influence your credit score?
What is BNPL and how does it influence your credit score?

Mint

time17 minutes ago

  • Mint

What is BNPL and how does it influence your credit score?

The buy now, pay later (BNPL) mode of purchasing has offered millions access to electronic purchasing with an instant, interest-free line of credit, revolutionizing online shopping. India's banking system is now intertwined with everything from food staples to electronics. However, a vital question begins to surface with all this convenience in online purchasing: What is the impact of a BNPL on your credit score? BNPL is a short-term credit facility that allows customers to break down their total cost into smaller and easier payment instalments, usually without incurring interest costs. Compared to traditional loans, BNPL has quicker approvals, fewer requirements (if any), and often does not require a hard credit check at the outset. However, this new accessibility raises concerns about how this may affect credit health, or financial discipline, particularly when the payment is requested but not fulfilled. In the past, BNPL providers did not share consumer behaviour with credit bureaus, but now things are changing. It looks like with real action on regulatory conditions, or standardization of BNPL products, Indian lenders will follow suit. That means depending on if you use BNPL responsibly, it may soon have a positive or negative impact on your credit profile. Build credit history: It is constructed principally as an example of your responsible borrowing behaviour in the timely repayment of BNPL, especially if you are new to credit. It is constructed principally as an example of your responsible borrowing behaviour in the timely repayment of BNPL, especially if you are new to credit. Improves credit mix : BNPL adds to your credit profile by increasing the distinct types of credit you carry and helps your credit score with its structure. BNPL adds to your credit profile by increasing the distinct types of credit you carry and helps your credit score with its structure. No hard inquiries: Most service providers do not impact your credit score when they approve you because they only conduct soft inquiries. Missed payments: Once reporting begins, if you miss payments, it will negatively affect your credit score and cause late penalties. Once reporting begins, if you miss payments, it will negatively affect your credit score and cause late penalties. Risk of over-commitment: If you have multiple commitments with BNPL, your credit utilisation ratio will be higher, which is a red flag for lenders. If you have multiple commitments with BNPL, your credit utilisation ratio will be higher, which is a red flag for lenders. Unmonitored loans: It's so easy to get BNPL, you can easily forget about the other past-due amounts, and therefore, default inadvertently. If credit bureaus are notified of your BNPL use, then after a period: A better credit score will be determined with the timely repayments. Missed or partial payments will lead to a drop in your credit score similar to personal loan default. The indication of the status of the account (active or closed) will help lenders with determining how you've repaid the loans in the past. Do not consider BNPL as "free money,' use BNPL only when necessary. Set reminders to remind you which provider is on what repayment plan. Understand the terms carefully, identify if your provider submits reports for you to credit bureaus. Keep a record of every transaction because it is easy to forget all the different BNPL accounts you opened up. In conclusion, if it is managed correctly, BNPL can be an effective jumping off point for some individuals to develop credit. However, consumers have to be diligent with BNPL as the links to credit bureau reporting are evolving, and the implications can be damaging even if you do not have an immediate need for reimbursement. For all personal finance updates, visit here. Disclaimer: Mint has a tie-up with fin-techs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.

From Sikar to Seattle: How a young techie balances high costs, big dreams, and long distance duties
From Sikar to Seattle: How a young techie balances high costs, big dreams, and long distance duties

Mint

time17 minutes ago

  • Mint

From Sikar to Seattle: How a young techie balances high costs, big dreams, and long distance duties

When Divya Saini graduated with an engineering degree in 2017, she never imagined that just four years later she would be living in Seattle and working for a top tech firm. Starting her career at Amazon India through campus placement, she made rapid strides, eventually moving to the company's US office in July 2021. 'The role gave me a wider canvas to grow and contribute," said the 26-year-old software engineer. Yet, the move also brought a whirlwind of lifestyle shifts—most notably, financial ones. 'The cost of living on the West Coast is much higher than in other parts of the US," she says. Though salaries are slightly adjusted for location, the pay doesn't always match the hike in expenses. Saini shares her experience of living in Seattle as part of a Mint series on Indian expats. Sticker shock From basic groceries to services like haircuts and house help, Divya says she experienced cost culture shock in the US. 'I used to constantly convert USD to INR. It always felt ridiculously expensive." Now she understands purchase price parity (PPP), but even a routine haircut, she points out, can cost $100-$200—or upto ₹17,000. 'I now get it done just once in six months and time the next cut with my annual India trip." Unlike in India—where she lived with roommates and shared costs—Divya now lives alone in a snug 530 sq ft one-bedroom apartment. 'Roommate culture exists here too, but with a stranger, it can be challenging to share chores which are easily outsourced to house help and handymen in India. It's easier to avoid friction by living alone," she said. That choice brings comfort—but also a steep price: nearly 30% of her income goes toward rent, groceries, utilities, and travel. Budgeting for lunch Food is another major recurring cost, and not all of it is avoidable. Divya cooks most of her breakfast and dinner at home, but lunch is a different story. 'I usually prepare my breakfast and dinner at home, but I have to order-in lunch in the office as there is not enough time to cook. One meal costs about $15–20, which adds up significantly over the month," she said. Despite the costs, Divya makes it a point to travel often. She's already checked off Hawaii (three times), New York, Miami, Portland, and San Francisco. 'I thoroughly enjoyed New York. It's a very vibrant and diverse city," she said. Each trip costs around $1,500, funded from her short-term savings. 'I plan around long weekends and keep aside about 25% of my salary for travel and other big purchases," she said. Divya doesn't splurge on big-ticket items like cars or electronics, but she did make two large investments that brought comfort: a robotic vacuum cleaner and a roti maker—together costing $3,000. 'They've been totally worth it for the convenience and time they save." 'Financially speaking, I think most luxuries are possible in India if you're doing well in your field," she added. Career moves and visa truths While the US is often called the land of opportunity, Divya says it's most true in traditional high-paying sectors—tech, medicine, finance, and law. 'People are more open to pursuing unconventional paths here, but the money still concentrates in a few fields." Visa constraints are a hurdle for Indian spouses. 'If you come on the dependent visa, you can't work in the US unless your H-1B holder spouse is far along in the green card process," Divya explained. Some choose to study or find a job that offers visa sponsorship, but that process can be long and uncertain. Taxes and social security US tech hubs like San Francisco, Seattle, and New York are known for offering some of the highest salaries in the global tech industry. However, once taxes and living expenses are factored in, the take-home pay is not as impressive. Divya pays an effective tax rate of 27%, and after deductions towards insurance, 401(K) retirement plan and other contributions, she receives roughly 65% of her gross income. Annual appraisals are modest within the same company at around 3–7% annually, she said. If you want significant hikes—like 30 to 50%—you usually need to switch companies, she said. According to Numbeo, an online database of quality-of-life metrics, life in Seattle—rent included—is a staggering 350% more expensive than in Bengaluru. Adjusting for purchasing power parity, one would need around $4,891 (or ₹4.21 lakh) in Seattle to match the lifestyle ₹1 lakh affords in the Indian tech capital, according to World Bank estimates. Unlike Europe, where public healthcare and social support are more robust, the US offers limited social security benefits, and healthcare is mostly private. While not legally mandatory, health insurance is practically essential due to high medical costs. Divya is covered under an employer-sponsored plan that costs about $150 per month, which is far more affordable than individual plans that typically range from $400 to $700. Her plan includes outpatient care, hospitalisation, and prescriptions, but has a $2,000 annual deductible. "Only after I've paid that out of pocket does my insurance start covering costs, so it's really only helpful in the case of major medical issues," she said. A visit to a general physician costs about $200 per visit, while a specialist charges about $400, she added. After covering essential expenses and discretionary spending, Divya sets aside about 30% of her salary. Of this, she invests 20% in US index funds and sends the remainder to her family in India. Yet, it's not all about cutting back. 'The quality of life is excellent, and the learning curve steep," Divya said. With long-term plans of launching her own startup, she's already testing ideas through hackathons and have launched two AI-powered voice agent side projects called Dance Buddy and Adulting Buddy. 'There's a contagious entrepreneurial spirit in the US that really pushes you to think big," she added. Money moves that work When she first moved, Divya sent most of her savings back to India—only to realise that it wasn't the most efficient plan. 'Six months in, I realised it was a costly mistake given the weak INR against the USD," she reflects. Now, she manages her finances entirely in the US, primarily investing in low-cost index funds. She also maxes out the annual $23,000 limit towards 401(k) retirement plan, which is deducted from her gross income. Her only Indian asset is a small industrial plot in Rajasthan, acquired through a government lottery while she worked in India. 'My father encouraged me to build this early asset to support my dream of starting my own business," she said. Although Divya hasn't yet decided whether to set up her business in the US or India, her connection to home remains strong. 'I miss my family and feel a deep sense of purpose in contributing to India by creating jobs and building something meaningful there," she said. She's optimistic that her US-based savings in index funds and Amazon ESOPs will help fund her entrepreneurial journey, wherever she chooses to begin it. Note: This article reflects Divya's personal experience living and working in the US. Costs, income, lifestyle choices, and financial priorities may vary for others based on individual circumstances and goals.

Bank holiday today: Are banks open or closed in Kerala for V.S. Achuthanandan's demise?
Bank holiday today: Are banks open or closed in Kerala for V.S. Achuthanandan's demise?

Time of India

time19 minutes ago

  • Time of India

Bank holiday today: Are banks open or closed in Kerala for V.S. Achuthanandan's demise?

Who is Academy Empower your mind, elevate your skills Bank holidays in July 2025 Bank holiday 2025- state wise list Jul-25 3 5 14 16 17 19 22 28 Agartala • • Ahmedabad Aizawl Belapur Bengaluru Bhopal Bhubaneswar Chandigarh Chennai Dehradun • Gangtok • Guwahati Hyderabad Imphal Itanagar Jaipur Jammu • Kanpur Kochi • Kohima Kolkata Lucknow Mumbai Nagpur New Delhi Panaji Patna Raipur Ranchi Shillong • • Shimla Srinagar • Thiruvananthapuram • Vijayawada Holiday Description Day Kharchi Puja 3 Guru Hargobind Ji's Birthday 5 Beh Deinkhlam 14 Harela 16 Death Anniversary of U Tirot Singh 17 Ker Puja 19 Demise of Shri former Chief Minister of Kerala 22 Drukpa Tshe-zi 28 Following the death of former Kerala Chief Minister V.S. Achuthanandan on Monday, the Kerala government announced a holiday on Tuesday, July 22, 2025, which would be observed countrywide today. As a sign of respect, the state government has announced a three-day period of mourning throughout the state in addition to the Kerala public holiday Are banks open or closed in Kerala today?Banks are closed today on July 22, 2025 as per the Reserve Bank of India's (RBI) holiday list to mourn demise of V.S. Achuthanandan, former Chief Minister of from national and regional holidays in India, all scheduled and non-scheduled banks will observe a public holiday on the second and fourth Sankaran Achuthanandan, also known by his initials VS, was an Indian politician who was the Chief Minister of Kerala from 2006 to 2011. At 82, he was the oldest person to have assumed office. He was affiliated with the Communist Party of will be closed on occasions such as Kharchi Puja, Guru Hargobind Ji's Birthday, Beh Deinkhlam, Harela, Death Anniversary of U Tirot Singh, Ker Puja, Drukpa Tshe-zi depending on the will be closed in Sikkim on the occasion of Drukpa Tshe-zi on July 28, RBI holiday list

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store