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Historical Event on 8/25/1997
Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).
| Other Historical Dates and Events |
| 9/2/1956 | Collapse of a RR bridge under a train kills 120 (India). |
| 11/5/1920 | Indian Red Cross society was founded in India under Bengal Act VIII. St.John Ambulance Association is a wing of this societywhich directed Improvement of Health, Prevention of Diseases and Mitigation of Suffering activities. |
| 7/24/1993 | Vajpayee elected leader of the Opposition in Lok Sabha. |
| 4/23/1926 | Madhavrao Sapre, great political leader, passed away. |
| 7/1/1941 | C. Y. Chintamani died. |
| 1/16/1997 | Dr. Datta Samant, Trade Union leader, shot dead in Mumbai. |
| 1/12/1966 | Shiri Narhar Vishnu Gadgil (Kakasaheb), great freedom fighter, nationalist leader, social reformer, lawyer, prolific writer and politician, passed away. |
| 12/11/1783 | Peshwa Raghobadada, who ruled upto Atak, passed away. |
| 5/5/1930 | Gandhiji was arrested and imprisoned without trial. As a result there was ''hartal'' (strike)all over India. Over 100,000 people were jailed before the end of the year. |
| 5/9/1908 | Arkalgudun Krishnarao, Kannad writer, was born. |
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