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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 6/11/1991 | Forty die in rioting in Srinigar, Kashmir. |
| 11/1/1936 | Dr. Adarsh Sein Anand, justice, was born at Jammu (J & K State). He was the Chief Justice of India from 10/10/1998. |
| 7/6/1787 | Robert founded Indian Botanic Garden near Calcutta by Kyd on 273 acres of land. |
| 4/17/1996 | Sheila Kaul, H.P. Governor, indicted in house allotment scandal, should be removed from her post, says Supreme Court. |
| 9/23/1990 | World Bank clears Rs.1,200 crore aid for Sarovar Dam rejecting objections raised by environmental groups. |
| 1/25/1954 | Manabendranath Roy, famous leader of socialist revolution, passed away at Dehradun. |
| 3/24/1977 | Ban on RSS and 26 other organisations lifted. |
| 1/26/1992 | Bharat Bhushan, the legendary romantic film hero of the 1950's, passed away at the age of 71 years. |
| 6/21/1998 | India and Russia sign a $2.5-billion deal to set up a nuclear power station at Koodankulam in Tamil Nadu. |
| 10/6/1999 | The DMK front is set to win a majority of LS seats in Tamil Nadu. |
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