Turn Instant Pot on "SAUTE" mode. Add oil and bacon pieces and saute for 5 minutes, stirring few times. Next add 2 cups of diced onion and cook/stir for another 5 minutes (If you don't like cooking with bacon grease, now it will be a good time to take a spoon and remove it from the Instant Pot. I personally like to cook with bacon grease!) .
Now, add beef and stir. Add 2 teaspoons Montereal Steak Spice, 2 teaspoons Kosher salt, 1 teaspoon turmeric, 1 teaspoon coriander and 2 cups of water. Place 2 bay leaves over the top and give it a nice stir.
Cover & lock the lid of the Instant Pot. Cook on Meat/Stew Mode for 30 minutes. After Quick Release the pressure and add 2 cups of carrots and 2 cups of washed rice to the top of the meat. Do Not Stir.
Close and lock the lid. Cook on Meat/Stew Pressure for 5 minutes. Natural Release the Pressure for 15 minutes. After open the lid and give the beef and rice a nice stir. Garnish with chopped parsley. Serve with EasyGreek Salad Recipe. Enjoy!
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