That crispy bite could be hiding something you can't see.
Reusing cooking oil again and again may save money, but it can also reduce food quality and safety. That's why IAS Tukaram Mundhe and the Maharashtra FDA are cracking down on the use of degraded cooking oil in restaurants, urging stricter compliance with food safety norms.
Recently, in one of the department's biggest operations, officials also seized edible oil worth nearly ₹2.93 crore from a manufacturing unit in Chhatrapati Sambhajinagar, highlighting the scale of the issue.
What makes reused oil harmful? How can you spot it? And what should happen to used cooking oil instead?
Scroll down to know.
Do you think restaurants should face strict action for repeatedly using degraded cooking oil? Share your thoughts in the comments. 👇
@Tukaram_IndIAS
#FoodSafety #HealthyEating #PublicHealth #HealthyLiving #FoodAwareness
[Reused Cooking Oil Safety, Food Safety Awareness, Healthy Cooking Practices, FSSAI Cooking Oil Guidelines, Reused Cooking Oil Risks]
Just wondering, US + Israel should join forces with India to denuclearise Pakistan & split in 4 parts. No terror threat henceforth
Thoughts please?
"Apollo Global $APO and Metropoulos arranged for Hostess to borrow money from the banking giant Credit Suisse. The two firms then pocketed about $900 million of that money for themselves and their investors. Hostess [maker of Twinkies], meanwhile, is stuck repaying the debt".
The private equity firms call it the dividend recap strategy. When they can't find a buyer for the whole business, they torpedo the business by loading it up with debt and getting out as much as they can.
When the firm files for bankruptcy, they buy back the bad credit for cents on the dollar, infuse fresh equity, and repeat the cycle.
The book The Caesars Palace Coup: How a Billionaire Brawl Over the Famous Casino Exposed the Corruption of the Private Equity Industry offers a great account of how PE works to undermine other parts of the capital structure.
The James Bond in the story is a distressed bond investor who refused to go along (yes, I make bad puns). Unlike a bond villain, they didn't tie him up and try to kill him with a Rube Goldberg machine. He was simply socially ostracised, which in those circles is apparently worse than death.
I read Jared Dillian's @dailydirtnap article on private equity and for once, agree with everything he says. Volatility laundering (a term coined by @CliffordAsness ) has caused a massive bubble with real world consequences.
Unfortunately, Fed rate cuts will spur bank lending (a new bank will replace Credit Suisse as the zero due diligence lender), which will spur even more dividend recaps, and load OpCos with even more debt. No surprise Blackstone $BX is celebrating the alternatives era.
Jackson Hole Powell provided the Hydration IV to cure the industry's hangover from rate hikes. It's time to pop open the bubbly and get gloriously drunk off easy money.
I expected the unwind of the yen carry trade to hit PE hard. Maybe it did, and so they whispered in Powell's ear to do something about it.
If the dollar and yen race each other to the bottom, and US dollar interest rates are cut to zero, the old carry currency can simply be replaced with the new carry currency, Level 3 assets can continue to be marked-to-myth, and the distributions can keep flowing.
Private equity + Credit Suisse and partners is a perversion of capitalism.
US deep state is silently buying up Indian healthcare and pharma using private equity firms. This is a big risk in the long term to Indian health, pun intended.
Healthcare costs are already too high in India. They will soar even further and nothing can be done. Insurance will be the only way. That too will be sold by US firms.
The GoI then, whoever it is running the govt, can't do anything as they will be held hostage by these medical, hospital and pharma unions.
The day is not far when India's healthcare industry will be run by the US. They can develop, test, and sell drugs in India with their monetarily influenced and incentivized Indian medical community and capitalists at any price as they wish.
Why is the GoI allowing a free run for American private equity in buying up India's hospitals and healthcare industry? Every major hospital chain in India is now being bought up by foreign private equity in record investments.
Let India try just one thing. Setup a private fund like Temasek of Singapore with enough capitalization to go bid for one of Singapore's healthcare chain or US's hospital chain.
I can assure you that they will immediately block any investment, make it an investigation, and ban the private fund itself as being 'hostile.'
Now let's not talk about how other home grown chains and successful Indian brands like Havmor and Haldiram are being allowed to be sold off. It only makes me sad.
I wish our opposition raises such important issues that will affect all Indians in the future instead of targeting our own companies and private sector for politics. Sadly, they still try to derail Adani acquisition of a port in Sri Lanka or a Reliance acquisition of a project in Bangladesh!
Respected @nsitharaman , is this ease of doing business?
will they face suspension & transfer ??
What is stopping you to put these crooks behind bars for atleast 14 years?
Let them develop skills in jail under rigorous imprisonment so that they won’t trouble honest people.
Vinesh, you are a champion among champions! You are India's pride and an inspiration for each and every Indian.
Today's setback hurts. I wish words could express the sense of despair that I am experiencing.
At the same time, I know that you epitomise resilience. It has always been your nature to take challenges head on.
Come back stronger! We are all rooting for you.
@Phogat_Vinesh
@narendramodi
I urge you, Prime Minister, to consider donating your body for organ transplantation at this opportune moment. Encourage all ministers and MPs to support this cause as well.
By leading this initiative, India can address the shortage of organs & save countless lives