May 30, 2012 1:16 PM

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RBI asks states to address supply side bottlenecks against backdrop of price rise

RBI Governor D Subbarao has asked state governments to address the issue of supply side bottlenecks against the backdrop of rise in prices. Addressing state finance secretaries in Mumbai yesterday, he said both the Centre and the states have important role in generating and promoting the supply response so that inflation could be managed within the comfortable zone. The RBI Governor urged them to continue introducing supply enhancing measures, including management of public distribution system, and steps to improve storage and transportation infrastructure.

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