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Historical Event on 1/7/1994
Malhotra Committee recommends privatisation and foreign participation of LIC and GIC.

Other Historical Dates and Events
4/13/1948	Bhuvaneshwar became the capital of Orissa.
10/19/1920	Prakashchandra Sethi, former central minister, was born.
5/2/1907	Riots break out in Rawalpindi and East Bengal, spreading to the Punjab.
4/4/1990	Hindi film 'Bagh Bahadur' received the best feature film award of 1989.
4/5/1848	Satara kingdom came to end.
3/20/1920	Usha Mehta, freedom fighter, was born at Satara. Her name is closely attached with freedom movement via Bombay Radio, as she and Babubhai Prasad and Vitthalbhai Zaveri founded this Radio and started motivating people of India with their telecasts.
4/1/1994	Five ministers resign from the Wilfred D'souza Government in Goa.
9/29/1755	Robert Lord Clive founded the British empire in India
9/9/1981	Phiroz Edulji Palia, cricketer (two Tests for India, 29 runs & 0/13), died.
3/27/1878	Britishers sent Indian soldiers to Malta considering that the Russian would attack.

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Historical Event on 1/7/1994 Malhotra Committee recommends privatisation and foreign participation of LIC and GIC.

Historical Event on 1/7/1994
Malhotra Committee recommends privatisation and foreign participation of LIC and GIC.