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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 2/15/1992 | Kesri Publications started the first Indian newspaper in `Brail' lipi (language). |
| 8/3/1991 | About 280 kgs of gold ornaments valued at $15 million, which had been deposited in the Portuguese bank in Goa by its natives, flown back to India. |
| 8/15/1947 | The Indian independence divided not only the country but its armed forces as well. These units came down and their equipment was transferred to the newly created Royal Pakistan Air Force. Thus, the principal components of the Royal Indian Air Force, during the partition, were nos. 3, 4, 7, 8 and 10 Squadrons with Tempest US, No. 2 Squadron with Spitfires and No. 12 Squadron with C-47s and No. 1 Air Observation Flight (AOF). The establishment of this AOF with AOP Auster 4s, 5s and 6s, coincided with independence. No. 6 Squadron, which had been in process of converting from Spitfires to C-47s at Drigh Road, had been stood down and its transports transferred to Pakistan. |
| 8/27/1870 | Sharmajivi Sangha was established in Calcutta by Sashipada Banerji. |
| 10/21/1887 | Dr. Sri Krishna Sinha, great politician, revolutionist leader and chief minister, was born at Khanwa. |
| 7/14/1636 | Aurangzeb was appointed as Shahjahan by Viceroy of Deccan. |
| 8/1/1920 | Bipin Chandra Pal opposed to the Non Co-operation Movement and retired from politics, but movement was approved by Congress. |
| 9/9/1872 | Sarladevi Chaudharani, Bengali poet, was born. |
| 3/31/1992 | The PM to look after foreign affairs. |
| 5/31/1921 | Suresh Hariprasad Joshi, modern Gujarati poet, story writer and critic, was born. |
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