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Historical Event on 8/25/1997
Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).
| Other Historical Dates and Events |
| 7/28/1994 | Uproar in Parliament over the Government's rejection of JPC report. |
| 3/28/1997 | Final phase of repatriation of Chakma and other tribal refugees of the Chittagong Hill Tracts from Tripura begins. |
| 3/28/1997 | 24 merchants gathered in London's Founder Hall under the auspices of Lord Mayor to start a new company with a share captial in India. |
| 12/29/1885 | A group of middle-class intellectuals in India, some of them British, found the Indian National Congress to be a voice of Indian opinion to the British government. This was the origin of the later Congress Party which was founded in Bombay. |
| 12/10/1886 | Rameshwari Nehru, social worker and freedom fighter, was born at Lahore. |
| 8/20/1995 | India and China decide to withdraw four army battalions from Chu Sumdurong valley near the Line of Actual Control. |
| 6/13/1940 | Revolutionary leader Udham Singh was hanged for charges of assassinating Micheal Odair, who was the Governor General of Punjab at the time of Jalianwala Baug massacre. |
| 6/21/1991 | P. V. Narasimha Rao was sworn in as the ninth Prime Minister of India. He reimained in this office till May 16, 1996. He formed a 54-member ministry in the 10th Parliament. |
| 6/26/1991 | Sharad Pawar joins Union Cabinet as Defence Minister. |
| 3/23/1910 | Dr. Ram Manohar Hiralal Lohia also known as ""Dauntless Dr. Lohia"", freedom fighter and socialist leader, was born at Akbarpur, district Faizabad, Uttar Pradesh. He had founded Praja Socialist Party in 1952. |
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