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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
11/9/1997	Film Federation of India chooses Malayalam film 'Guru' as official entry for Oscar awards.
6/22/1971	Habib Muhammad died.
6/13/1966	60 people were killed in a collision between two suburban trains of Bombay.
10/9/1968	Olympic Games open in Mexico City.
1/16/1920	Nani Palkhiwala, famous law expert, was born.
2/15/1924	Shankarrao Bajirao Patil, great leader of Maharashtra, was born.
2/21/1983	More than 600 people were killed in the Indian state of Assam after student agitators protesting the immigration of Muslim refugees from Bangladesh attempted to stop state elections.
1/20/1939	Nalin Chandra Wickramasinghe, great Indian astronomer, was born.
12/25/1997	India-Sri Lanka one-day cricket match at Indore abandoned after three overs owing to a bad state of the pitch, which was a rare occurance.
11/27/1870	Dattatreya Balwant Parasnis, famous history researcher and collector of historical items, was born.

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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).