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McDonald’s cuts tomatoes from burgers in parts of India

Even though tomato prices have risen in India, the company said the decision was prompted by quality issues. 

McDonald’s customers in northern and eastern India will have to make do without sliced tomatoes for the time being, the Times of India reported. McAloo Tikki

The story reported a notice was displayed on McDonald’s outlets by operator Connaught Plaza Restaurants, notifying temporary unavailability meant it was unable to include the standard vegetable.

The notice said unpredictable condition had affected the crop, quality and supply, the story reported.

“We are working towards resolving this issue,” a spokesperson for McDonald’s India (North & East) was quoted as saying.

“We are making do with lettuce and onions. We are waiting for supplies to resume,” an executive at a McDonald’s outlet in central Delhi told the publication.

The story reported wholesale market tomato prices rose 17% year-on-year in June, while a similar trend had been seen in retail.

www.freshfruitportal.com

 

FreshFruitPortal.com

Customs Tariff Notification – changes as on 28th June’13

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION -3, SUB -SECTION (ii)] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 69/2013 CUSTOMS (N. T.) New Delhi, 28th June, 2013 7 Ashadha, 1935 (SAKA) S.O. … (E). – In exercise of the powers conferred by sub [...]

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RBI Clarification – Financing of Infrastructure – Definition of ‘Infrastructure Lending’

RBI/2012-13/561 DBOD.BP.BC.No. 106/ 08.12.014 / 2012-13 June 28, 2013 All Scheduled Commercial Banks (excluding RRBs) and All India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir, Financing of Infrastructure – Definition of ‘Infrastructure Lending’ Please refer to our circular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012 on ‘Definition of Infrastructure Lending’, whereby our definition of [...]

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RBI sets up Committee on Financial Benchmarks

In the context of the recent global developments relating to financial benchmarks and the related reforms implemented by various international agencies, there is a need to review the process of computation and dissemination of major financial benchmarks in India, the governance mechanisms in the institutions involved in computing the benchmarks and other related issues. The Reserve [...]

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RBI Rationalisation of Returns

RBI/2012-2013/556 MPD.PMD .BC.365/07.01.279/2012-13 June 27, 2012 Ashadha 6, 1935 (S) To, All Scheduled Commercial Banks Dear Sir / Madam, Rationalisation of Returns Please refer to our circular MPD.BC.218/07.01.279/2002-03 dated July 24, 2002 on the captioned subject. 2. At present, banks are submitting following SFR Returns/Statements. SFR II SFR III SFR VIII Statement on daily maintenance of SLR [...]

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India’s External Debt end-March 2013

As per the standard practice, India’s external debt statistics for the quarters ending March and June are released by the Reserve Bank of India and those for the quarters ending September and December by the Ministry of Finance, Government of India. The external debt data are released with a lag of one quarter. The external debt [...]

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India’s International Investment Position (IIP), March 2013

International Investment Position (IIP) is a statistical statement that shows, at a point in time, the value and the composition of (a) financial assets of residents of an economy that are claims on non-residents and gold bullion held as reserve assets; and (b) liabilities of residents of an economy to non-residents. The difference between an [...]

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RBI releases Financial Stability Report: June 2013

The latest issue of the Financial Stability Report (FSR) of the Reserve Bank of India, the seventh in the series, is being released at a time when debate about the appropriateness, timing and pace of imminent exit from unconventional monetary policies by the US is intensifying and the consequent tremors are being felt in financial markets across the [...]

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