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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 7/22/1997 | Govt. issues notification saying that Prasar Bharati Act, 1990 would come into force from Sept. 15. |
| 2/7/1687 | Mughal army won the Gowalkonda fort. Kutubshahi came to end. |
| 3/4/1895 | Surendra Singh Majithia, great industrialist, was born. |
| 11/29/1988 | Rajiv Gandhi, grandson of Jawaharlal Nehru, resigned as Prime Minister of India, a country which had been ruled by his family for all but five of its 42 years of independence. The end of the dynasty came after elections that were both violent and inconclusive, neither Gandhi's Congress party nor the opposition National Front received a clear majority, although the latter had a few more votes. The only real winner was the fundamentalist Hindu party, Bharatiya Janata, which is now the power broker. If the National Front wants to rule, its leader V.P. Singh needs the religious group's support. |
| 7/12/1949 | Ban on RSS lifted on the assurance that it abjures violence. |
| 1/28/1925 | Raja Ramanna, fourth President of Indian Atomic Energy Commission, was born. |
| 9/21/1862 | Venkat Apparao Gurjad, famous Telegu poet, playwright, story writer, critic and social reformer, was born. |
| 12/5/1991 | Sarkaria report accepted. |
| 5/21/1996 | M.S. Sushama Dande (Shiv Sena) elected first woman mayor of New Mumbai along with Savitri Patil (Shiv Sena) as Deputy Mayor. |
| 2/18/1871 | Vithhalbhai Javherbhai Patel, great nation lover and veteran parliament member, was born. |
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