
The Karnataka government has recently made a decision to increase the price of milk by Rs. 3 per litre, and this move is now resulting in a rise in restaurant prices. Bengaluru Hotels Association President P C Rao made an announcement about this development on Friday. Additionally, the prices of tea and coffee have also been raised, with a reported increase of at least 10%, according to sources.
To discuss the implications of this price hike, the Hotels Association plans to hold a meeting on August 25, during which they will share their decisions, as stated by Rao.
Price hike alert: KMF's Nandini milk to cost Rs 3 more per litre from August 1
In a separate meeting with Karnataka Milk Federation (KMF) officials, the government decided to implement the increased milk price starting from August 1st.
These decisions by the government will impact the common man, as both milk and restaurant prices will be affected, taking effect from August 1, as mentioned by Siddaramaiah.
Indian Railways now offers meals for as low as Rs 20, water for Rs 3
Bheema Naik, President of the KMF, explained that the milk price increase aims to benefit the farmers. The additional revenue generated from the hike will be passed on to the farmers to prevent them from selling their milk to private agencies that offer higher prices than the KMF.
CM Siddaramaiah emphasized that this decision was not taken hastily. It was reached after discussions with the Milk Unions, and the matter will be further discussed in a cabinet meeting for future implementation.
Stay updated with the Breaking News Today and Latest News from across India and around the world. Get real-time updates, in-depth analysis, and comprehensive coverage of India News, World News, Indian Defence News, Kerala News, and Karnataka News. From politics to current affairs, follow every major story as it unfolds. Get real-time updates from IMD on major cities weather forecasts, including Rain alerts, Cyclone warnings, and temperature trends. Download the Asianet News Official App from the Android Play Store and iPhone App Store for accurate and timely news updates anytime, anywhere.