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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 6/18/1879 | Venketeshwar Bachhali, famous physics scientist, was born. |
| 12/9/1947 | India's agreement with Pakistan on outstanding issues like assets, liabilities, division of sterling balance and military stores, etc. signed. |
| 12/25/1919 | Naushad, famous film music director, was born. |
| 11/20/1947 | Parliament gives Indian government censorship powers over press at New Delhi. |
| 3/26/1990 | Pratap Singh Rane,Goa CM, resigns. |
| 9/25/1916 | Pandit Dindayal Upadhyay, great litterateur, philosopher, social worker and first General Secretary of UP branch, was born at Dhankia village, Rajasthan. |
| 12/20/1978 | Riots in many Indian cities in protest against Indira Gandhi's imprisonment. |
| 5/14/1976 | Pakistan and India agree to resume diplomatic ties. |
| 3/1/1908 | A.E.T. Barrow, educationist, was born. |
| 5/5/1972 | Loknathan P. S., great economist, passed away. |
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