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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
8/8/2000	The Government appoints Air Marshal P. Rajkumar to head the court of enquiry to probe the Alliance Air crash near Patna.
4/1/1995	Open General Licence (OGL) list expanded from 43 to 75 as import of consumer goods liberalised.
3/1/1971	General Election ( 5th) of India begins.
12/14/1962	Bharathi Arun, cricketer (Indian pace bowler late-80's), was born in Vijayawada.
4/25/1976	India all out for 97 vs West Indies because five men absent hurt.
2/26/1976	V. S. Khandekar was honoured by Bhartiya Gyanpeeth Award for the novel 'Yayati'.
2/26/1857	First Indian Revolution called the Sepoy Mutiny ends in a few months with the fall of Delhi and Lucknow which broke out in Berhampore by the 19th Bengal Infantry.
6/29/1893	Prasanta Chandra Mahalanobis, physics, mathematics expert and founder of Indian Statistical Institute, was born at Calcutta.
12/29/1949	Syed Mujtaba Hussain Kirmani, cricketer (Indian keeper after Engineer), was born in Madras.
2/21/1993	Naxals free Andhra Pradesh Congress (I) MLA P.Balaraju and a govt. official after 22 days in captivity.

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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.