Former RBI governor Raghuram Rajan has said slowdown in growth is due to the current government focussing more on meeting its political and social agenda rather than paying attention to the economy.

The Centre’s fiscal deficit for the April-January period came in at Rs 9.85 trillion, or 128.5 per cent of the 2019-20 revised estimates of Rs 7.7 trillion, against 121.5 per cent for the same period last year.

India’s third-quarter growth decelerated to 4.7%, the slowest pace in about seven years, as a slump in manufacturing weighed on overall economic momentum.

In a move that may pave way for differential pricing of cardiac stents, a medical device under price cap, the country's drug and medical devices pricing regulator allowed to exempt Gujarat-based Meril Lifesciences' bioresorbable stent from price control.

The Centre’s move to reduce its subsidy share in the case of high premium crops under its flagship agricultural insurance scheme will not increase the cost to farmers, said Pradhan Mantri Fasal Bima Yojana (PMFBY) CEO Ashish Kumar Bhutani.

State-owned general insurer Oriental Insurance Company may require close to Rs 3,000 crore capital support from the government to fund its growth needs and meet regulatory solvency requirement in the next fiscal.

The current economic slowdown is "temporary" and caused by external turbulence, and the country has reasons to be more optimistic for the next decade, richest Indian Mukesh Ambani said on Friday.

Dr. Reddy’s Laboratories has been issued a Form 483 with one observation by the U.S. Food and Drug Administration (USFDA) on completion of an inspection of the company’s formulations manufacturing plant-3 at Bachupally in Hyderabad.

Sebi on Friday slapped a fine of Rs 17 lakh on Motilal Oswal Financial Services Ltd for "misuse of client funds" as it failed to comply with regulations on segregating funds and securities of clients.

In the same period the output might have fetched good price to farmers as inflation (difference between growth in current and constant prices, which sometimes is used as a proxy for farm incomes) is estimated at 10.2 per cent — the best in past several quarters.