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Historical Event on 1/18/1997
Khanna Committee recommends more power to RBI over non-banking financial companies.
| Other Historical Dates and Events |
| 10/21/1994 | Government notifies substantial increase in the ceiling on election expenses on Lok Sabha and Assembly polls. |
| 1/17/1908 | Akkineni Lakshmi Varaprasada Rao Prasad, film producer, was born. |
| 1/7/1997 | Jaspal Rana bags six gold medals in the men's standard pistol and air pistol and set two more records on the penultimate day of the National shooting. |
| 10/22/1947 | There were bound to be difficulties in consolidating the loosely federated Indian provinces, princely states, etc. into one homogeneous whole state. Kashmir, after initial dithering, acceded to India voluntarily and by popular consent, then, was invaded by Pakistani tribesmen with the support of the Pakistani government. |
| 6/7/1998 | India emerges World Bank's single largest borrower with cumulative loans of 44 billion dollars. |
| 2/1/1942 | 17 Indian Division's were withdrawn over vast stretches and the British evacuation in Burma was the longest in British military history. The Division was to subsequently extract terrible retribution from the Japanese Army during World War II and to destabilise the Indian Economy with forged notes of 5, 10 and 100 Rupees. |
| 7/11/1630 | Rezabeebeth Sookeas Begum passed away. |
| 8/22/1877 | Ananda Kentish Coomaraswamy, great painter, philosopher, linguist, critic, art researcher in the East, was born at Colombo in Sri Lanka. |
| 10/28/1997 | Cabinet permits RBI to issue rupee notes of 1000 denomination. |
| 7/23/1956 | India celebrates the birth centenary of Bal Gangadhar ""Lokmanya"" Tilak. |
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