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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 12/28/1925 | Kasturbhai Lalbhai Shrenik, great industrialist, was born at Ahmedabad. |
| 5/5/1930 | Gandhiji was arrested and imprisoned without trial. As a result there was ''hartal'' (strike)all over India. Over 100,000 people were jailed before the end of the year. |
| 9/21/1933 | Annie Besant, great social worker and founder of Home Rule Movement, passed away. |
| 12/14/1864 | Jagat Narayan, law expert and educationist, was born. |
| 11/11/1888 | Acharya Kripalani, nationalist and member of the Parliament, was born at Hyderabad, Sind. |
| 11/25/2000 | Karnataka and Tamil Nadu Governments agree on a ""unified command'' for the STF operations against Veerappa |
| 8/17/1998 | The Government issues a notification banning the use of quinacrine, a controversial female contraceptive and sterilization agent. |
| 4/18/1931 | Lord Willingdon took over as the Viceroy of India. |
| 5/9/1981 | Durga Bai Deshmukh passed away at Hyderabad. She was a social reformer, freedom fighter, planner, administrator, educationist and parliamentarian. She worked for peace, social welfare and for betterment of the downtrodden. |
| 1/26/1950 | Dr. Rajendra Prasad (1884-1963) became the first President of India. He remained President from Jan. 26,1950 to May 13, 1962. |
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