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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 12/28/1974 | Pandit Hiralal Shastri, great social worker, leader and first Chief Minister of Rajasthan State, died. |
| 6/12/1996 | India's new prime minister H. D. Deve Gowda wins vote of confidence in the Lok Sabha and will rule as head of the United Front Coalition. |
| 10/10/1910 | Dr. Dwarkanath Kotnis, famous doctor who worked in China, was born at Solapur, Maharashtra. |
| 2/22/1996 | Madanlal Khurana, Delhi CM, resigns (Hawala scandal). |
| 9/7/1968 | Benipuri Sharma, famous Hindi novelist, died. |
| 9/29/1930 | Ramnath Baburao Kenny, cricketer (batted in 5 Tests for India in 1950's), was born in Bombay. |
| 12/12/1964 | HJT-16, the first Indian jet trainer, made its inaugural flight. |
| 1/30/1996 | Maharashtra govt. decides to make school education free up to 10th standard. |
| 9/8/1991 | Hostage ONGC engineer T.S. Raju and mediator Bipul Mahanta, an Amnesty International member, killed by ULFA in Assam. |
| 2/18/1944 | Bhartiya Gyanpeeth Institute' established. |
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