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Historical Event on 7/1/1996

RBI reduces cash reserve ratio to 12\%.

Other Historical Dates and Events
12/15/1997Magsaysay award winning litterateur Mahasweta Devi, Sitar maestro Annapurna Devi and Rabindra Sangeet exponent Suchitra Mitra honoured with 'Desikottam' by Visva Bharati University.
6/22/1971Habib Muhammad died.
10/30/1947The government rejects Kashmir's decision to join India in Pakistan.
1/3/2000A. B. Vajpayee, Prime Minister, accuses Pakistan for the hijack of an Indian Airlines aircraft. (The crisis ended on Dec. 31 last with the Vajpayee Government agreeing to free three terrorists in exchange for the passengers).
8/15/1990GOI declares Prophet Mohammed's birthday a national holiday.
3/31/1997Forex reserves touch a record $ 22.36 billions.
5/18/1998India talks with the US on the nuclear tests.
3/31/1990Bharat Ratna, India's highest award, was given to Dr. Bhimrao Ramji Ambedkar (1841-1956) (Posthumous).
3/1/196325 Sqn, AF was formed with 04XAN-12 aircraft acquired from the erstwhile USSR. This was to supply lines to the Army in the Northern Sector encompassing J&K and Ladakh regions.
11/13/1998Pravabati Devi (88), freedom fighter and `Mother Teresa of Orissa', dies at the orphanage set up by her at Chharchanpali.



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