Here's a rundown of 11 significant news stories to keep you in the know:

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RBI MPC Meeting Live Updates: Maintains status quo, keeps policy rates unchanged at 6.50%

The Reserve Bank of India (RBI) kept the benchmark interest rate unchanged at 6.50% at its bi-monthly monetary policy review on October 6. Governor Shaktikanta Das said, "Our monetary policy remains resolutely focused to aligning inflation to 4% target on durable basis. After a detailed assessment, MPC decided unanimously to keep policy repo rate unchanged at 6.50%."

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Drug contamination crisis: Indian pharma industry faces regulatory crackdown | Check list of substandard drugs here

The Indian drug regulatory authority, Central Drugs Standard Control Organisation (CDSCO) released a report in August revealing contamination of drugs produced by two pharmaceutical companies: Fourrts India and Norris Medicines. The drugs were found to contain diethylene and/or ethylene glycol.

Specifically, the cough syrup COLD OUT, produced by Chennai-based Fourrts, was confirmed to be contaminated by the World Health Organization (WHO) in a sample obtained from Iraq in August. Subsequent testing by the Indian drug regulator affirmed this contamination. One batch of COLD OUT was found to be tainted with diethylene and ethylene glycol, while another batch tested positive for ethylene glycol.

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