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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 1/10/1980 | President Neelam Sanjiva Reddy invited Indira Gandhi to form Government. |
| 2/25/1869 | Anand Shankar Bapubhai Dhruv, Sanskrit Pandit and editor of monthly magzine 'Vasant' , was born. |
| 7/24/1999 | Vimala Ranadive (84), senior CPI(M) leader, died in Mumbai. |
| 2/12/1946 | 14 killed in Calcutta riots; Muslim leader Jinnah threatens civil war. |
| 1/23/1992 | India becomes ASEAN dialogue partner. |
| 1/5/1974 | Virendranath Dasgupta, great revolutionary, died. |
| 7/24/1932 | Ramkrishna Mission Seva Pratisthan was established for the service of the sick and humanitarian activities. |
| 2/18/1998 | C. Subramaniam, former Maharashtra Governor, is awarded Bharat Ratna. |
| 12/21/1999 | The Gujarat Government asks the Hindu Jagran March to go-ahead with the 'Shilanyas' for a Ram temple at Halmodi in Surat district. |
| 10/31/1984 | Rajiv Gandhi sworn in as Prime Minister of India by Gyani Zail Singh, President of India, at New Delhi. He held this office till December 1, 1989. |
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