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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
12/3/1882	Nandalal Bose, great Indian painter and master, was born in Bengal.
1/6/1664	Chhatrapati Shivaji attacked on Surat.
9/17/1999	India and the United States begin high level consultations to find ways on countering terrorism.
5/25/1954	Maharshee Rajratna 'Manikrao' (Gajanan Yashwant Manik), physical expert, passed away.
1/20/2000	J&K accepts the report of the State Autonomy committee tabled in the Assembly last year.
7/26/1910	Unrest flares up in the Deccan region of India. Demand grows for self-determination.
1/9/1841	John Gil Christ, founder of Fort William College Calcutta, passed away at Paris.
10/10/1999	Congress-NCP talks still on forming a Government in Maharashtra.
8/16/1923	Narayan Athavle, famous Marathi litterateur and journalist, was born.
5/14/1996	H.D. Deve Gowda elected leader of the third front as its prime ministerial candidate.

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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).

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).