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Historical Event on 4/29/1998
The Reserve Bank reduces the bank rate by one point from 10 per cent in its monetary and credit policy for the first half of 1998- 99.
| Other Historical Dates and Events |
| 8/11/1993 | Brahmaprakash Chaudhary, first Chief Minister of Delhi and former central minister, died. |
| 9/27/1958 | Mihir Sen becomes the first Indian to cross the English Channel from Dover to Calais. |
| 12/11/1922 | Dilip Kumar, famous film actor, was born. |
| 1/30/1997 | Fifth Pay Commission submits proposals; minimum salary Rs. 2440 pm and maximum 26,000. Cabinet Secretary 30,000; six-day week; retirement at 60, etc. proposed. |
| 8/20/1997 | Lata Mangeshkar receives the Fifth Rajiv Gandhi National Sadbhavana Award from the President. |
| 8/5/1981 | Jagjivan Ram heads breakaway Congress(U) and calls new party Congress (J). |
| 9/12/1905 | Anglo-Japanese treaty provides for Japan to help safeguard India at London. |
| 1/1/1999 | George Fernandes, Defence Minister, said the sacked Naval Chief, Admiral Vishnu Bhagwat, had been displaying ""disturbing tendencies"" for over a year and even threatened his successor, Admiral Sushil Kumar, with court martial. |
| 1/21/1943 | Hemu Kalani, revolutionary freedom fighter and social reformer, was hanged by British police. |
| 11/30/1999 | The disinvestment panel headed by G. V. Ramakrishna demits office after the end of its three-year term. |
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