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Historical Event on 4/29/1998
The Reserve Bank reduces the bank rate by one point from 10 per cent in its monetary and credit policy for the first half of 1998- 99.

Other Historical Dates and Events
6/12/1897	Possibly the most severe quake in history strikes Assam, shock waves felt over an area size of Europe (negligible death toll).
12/29/1997	Sonia Gandhi stepped into active politics.
10/28/1997	Dr. V. Doreswamy Iyengar (77), Veena maestro, household name among Carnatic music lovers, passed away in Bangalore.
7/20/1829	Jankibai passed away in jail.
10/5/1990	Parliament passed the 76th Amendment Bill to extend President's rule in Punjab for another six months from November 10, 1990.
7/24/2000	S. Vijayalakshmi becomes the first Indian woman Grandmaster in the International Grandmasters chess tournament held in Hyderabad.
6/18/1995	The latest deaths in northern India's hottest weather this century bring the death toll to 525 as temperatures hit 113¦F (45¦C) in New Delhi.
4/23/1955	Political Committee of Asian-African Conference at Bandung adopted an Indian resolution calling for a ban on atomic weapons.
7/18/1857	The Calcutta, Mumbai and Madras Universities were established.
2/5/1993	The Supreme Court directs the Union Government to forcibly produce Manipur Speaker Dr. Borobabu Singh before it on March 23 in a contempt case.

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Historical Event on 4/29/1998 The Reserve Bank reduces the bank rate by one point from 10 per cent in its monetary and credit policy for the first half of 1998- 99.

Historical Event on 4/29/1998
The Reserve Bank reduces the bank rate by one point from 10 per cent in its monetary and credit policy for the first half of 1998- 99.