After the wheat import duty was introduced as a way to safeguard the interests of the Food Corporation of India (FCI), industry associations, particularly those aligned with the edible oil sector, made a recommendation to safeguard the interest of small farmers. Ongoing Monsoon Woes Expected to Impact GDP Growth The Indian Meteorological Department (IMD) reports that the overall rain deficit compared with normal levels of rainfall was 12 percent from 1 June-26 August 2015 and 25 percent during 1-26 August . It was 20 percent in the southern peninsula and 15 percent in Central India.International credit assessor Moody's Investors Service has lowered India's growth forecast to 7 percent from the previous 7.5 percent for FY 2015/16 (April 20...