.... Even the Confederation of Indian Industry (CII) did not celebrate much the summer gift from the Reserve Bank of India Governor Duvvuri Subbarao - a half percentage point cut in the benchmark interest rate. Because the joy may be short-lived. "CII appreciates RBI's concern on future growth being constrained due to supply-side bottlenecks in infrastructure, energy, minerals and labour. CII has been strongly advocating de-bottlenecking supply-side constraints," was the measured reaction from the lobby group……
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