Increase context timeout for bandwidth throttled reader (#12820)

increase default timeout up to one hour for toy setups.

fixes #12812

cmd/common-main.go

@@ -44,6 +44,7 @@ import (
 	"github.com/minio/console/restapi"
 	"github.com/minio/console/restapi/operations"
 	"github.com/minio/kes"
+	minio "github.com/minio/minio-go/v7"
 	"github.com/minio/minio-go/v7/pkg/credentials"
 	"github.com/minio/minio-go/v7/pkg/set"
 	"github.com/minio/minio/internal/auth"
@@ -104,6 +105,9 @@ func init() {
 			},
 		},
 	}
+	// Set number of max retries to 1 for minio-go clients
+	minio.MaxRetry = 1
+
 }
 
 const consolePrefix = "CONSOLE_"