Bengaluru: New Year 2016 began with a bang but the happy mood didn’t last long for the people of Karnataka. As the celebrations died down the government announced the consent of the Chief Minister to hike the price of Nandini milk by Rs 4 per litre, it is learned

The initial demand by milk federations was to up the prices by Rs 5 per litre, it is said. Minister for co-operation H S Mahadeva Prasad and minister for animal husbandry A Manju took the proposal to the chief minister and discussed it.

Now that the Chief Minister has given his nod, the announcement will follow shortly.

Presently, the milk price is Rs 29 per litre. With the price hike, it will be available at Rs 33.

It is expected that the KMF will make the announcement within a day and the price hike will come into effect from January 5.

Minister A Manju said that 75% of the money from the hike will go to the farmers while the remaining money will be spent for administrative expenses of the federations.