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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 11/5/1998 | India and Pakistan agree to continue their talks on the Tulbul navigator project on the Jhelum in Kashmir, despite differences over various provisions of the Indus Water Treaty of 1960. |
| 10/26/1991 | Anantrao Bhalerao, freedom fighter, journalist and editor of daily newspaper 'Marathwada', died. |
| 9/6/1995 | Salil Chaudhary, famous music director in Hindi film industry, passed away. |
| 9/4/1990 | Congress (I) opposes the Prasar Bharati Bill in the Rajya Sabha saying the party wants the bill to be sent to a select committee. |
| 4/6/1942 | During the second world war, for the first time Japanese air-bombers attacked India, and the mainland took place at Visakhapatnam. |
| 6/8/1915 | Geeta Rahasya', written by Lokmanya Tilak, published. |
| 5/23/1895 | Shivprasad Sitar-E-Hind passed away. |
| 7/17/1903 | Joseph, versatile author in Malyalam language and critic Butshshor, was born. |
| 6/27/1966 | D. S. Joshi was appointed as the Cabinet Secretary of India. He held this office till 31-12-1968. |
| 3/28/1917 | Umesh Chandra Panigrahi, great author and journalist, was born at Raruan, Orissa. |
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