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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 4/2/1870 | Poona Sarvajanik Sabha was found. 95 members from different parts of Maharashtra assembled in Pune during its founding. |
| 3/21/1979 | The Cytology Research Centre was set up at New Delhi (renamed as the Institute of Cytology and Preventive Oncology in 1988). |
| 7/2/1941 | Muhammad Baqa Jilani, one Test for India, 0-55, died at the age of 29. |
| 2/13/1713 | Farrukh Siyar becomes Emperor of India after capturing Red Fort. |
| 6/3/1901 | Mahakavi G. Sankara Kurup, Malayalam poet, was born. He was the first winner of the conveted Gyaanpeeth Award in 1965 for his poems "Odakkuzhal" in Malayalam. |
| 5/16/1996 | Atal Krishna Behari Vajpayee, leader of Bharatiya Janta Party, becomes the 10th Prime Minister for 13 days (from May 16, 1996 to May 28, 1996 [techinally till 01-06-1996]), although his ability to govern effectively is in doubt. |
| 12/23/1902 | Chaudhary Charan Singh was born at Noopur village in Hapur Tehsil near Meerut. He was a freedom fighter and had done many deeds for upliftment of Agriculture in India. He was the Prime Minister of India from July 1979 to January 1980. |
| 9/20/1940 | Saroj Lalwani, journalist and printing press director, was born. |
| 12/10/1936 | England replaces King Edward VIII stamp series with King George VI. |
| 1/1/1949 | A ceasefire eventually came into force. Under UN supervision, a negotiated Cease Fire Line was drawn up on an actual holding basis pending future settlements. This meandering, and at places militarily illogical line, ran some 700 kilometres from Chhamb in the South to a map reference point NJ 9842 in Ladakh in the North. The fighting was to continue for 15 months, with heavy RIAF involvement throughout, but despite being continuously on an operational footing throughout this period, the re-organisation and modernisation of the service continued unabated. |
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