San Francisco Bay Area Indian Community - SFIndian.com
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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
6/6/1969Sunil Bandacharya Joshi, cricketer (Indian Test left-arm spinner 1996), was born in Gadag.
1/29/1997Supreme Court rules that water is a 'mineral'.
6/22/1993The centre bans the use of 12 pesticides.
1/3/1985Azharuddin scores 110 in first Test innings.
12/25/1949Dr. Hari Singh Gour, famous law expert, great social reformer, jurist, leader and educationist, passed away.
8/14/1900S. K. Patil, Congress leader, was born.
1/9/1935Britain signs the Trade Pack with India.
3/13/1992Indumati Ramkrishna Shevde, famous writer, critic and painter, passed away.
4/6/1930Mahatma Gandhi picked up a lump of natural salt for breaking the 'Salt Law'. He was arrested at Dandi. This movement gathered strength and within a month about one lakh people were sent to jail. This violation of Salt Law was the second great step in India's Freedom Movement.
1/1/1999George Fernandes, Defence Minister, said the sacked Naval Chief, Admiral Vishnu Bhagwat, had been displaying ""disturbing tendencies"" for over a year and even threatened his successor, Admiral Sushil Kumar, with court martial.