Ministry For Hefty Crr Cut

Though the advance estimates for August for 24 industries collated by the ministry indicate a marginal improvement in industrial growth, it has pointed out that the growth witnessed in April-August is primarily due to the completion of projects undertaken last year rather than on account of fresh investments. The ministry also highlighted the fall in FI sanctions to substantiate its argument. It said advance estimates for August for the five infrastructure sectors continue to be alarming,