In keeping with the pace it has gathered recently in implementing pending reform proposals, the Narendra Modi government on Wednesday sought to speed up its 100 smart cities project by easing the foreign direct investment (FDI) policy for the construction sector and sought to curb the subsidy bill by sticking to the recent practice of modest hikes in the benchmark prices of various crops.Click here for graph The Cabinet Committee on Economic Affairs (CCEA) raised the minimum support price (MSP) of wheat, the most important winter crop, by just 3.6%, or R 50, to R1,450 per quintal.

Source - http://www.financialexpress.com