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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 10/21/1995 | L.K.Advani unanimously re-elected BJP president for the fourth time in New Delhi. |
| 9/15/1993 | Election Commission announces polls in the former BJP-ruled states of UP, MP, HP, Rajasthan and in Delhi and Mizoram. |
| 11/24/1998 | Polling is held in 626 assembly constituencies spread over four States - Delhi, Madhya Prades, Mizoram and Rajasthan. |
| 1/19/1966 | Indira Gandhi elected leader of the Congress party to succeed the late Lal Bahadur Shastri as the third Prime Minister of India. She pledged to follow path of Non-Alignment in worlds affairs. |
| 11/22/1989 | Rajindernath, great Indian wicketkeeper 1 Test and 0 runs 0 ct, 4 stp, passed away. |
| 11/20/1947 | Parliament gives Indian government censorship powers over press at New Delhi. |
| 9/22/1891 | Gangopadhyay Taraknath, famous novelist in Bengal, passed away. |
| 12/11/1971 | The elite para-commandos and parachute battalions -India's 'Red Devils', as they are affectionately called, have an unsurpassed ethos and elan of their own. 2 Para Battalion executed a superb airborne assault operation at Tangail in East Pakistan, which was the first of its kind in the subcontinent. |
| 12/15/1974 | Rasulatbai, veteran classical music expert, died. |
| 8/21/1879 | Jahangir Bemanji Petit, famous industrialist, was born. |
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