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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 2/12/1998 | Om Prakash, 78, Hindi film comedian, passed away in Mumbai. |
| 2/7/1954 | The present cres: the motto ""Shastra Se Shakti"" was adopted. In 1989, Hindi lettering of ""Shastra Se Shakti"" was adopted. |
| 11/1/1983 | Rajiv Gandhi, 48, who was chosen to succeed his assassinated mother, was sworn in as Prime Minister in New Delhi today. Across the Jamuna River, in a Sikh slum, evidence was found of the enormous political problems the new Prime Minister faced. The bodies of at least 95 Sikhs were discovered. The Indian army had also been ordered into nine other cities. Religious warfare between Sikhs and Hindus had claimed at least 1,000 lives since Indira Gandhi was assassinated. The security guards who killed her were both Sikhs. US Secretary of State George Shultz, who attended the funeral, assured the new Prime Minister of US interest in a ""strong and stable India."" US-Indian relations had been strained recently because of United States support for Pakistan. Shultz called for a ""renewed positive trend"" in re |
| 4/15/1963 | Manoj Prabhakar, cricketer (Indian opening batsman & opening bowler), was born in Ghaziabad. |
| 1/1/1924 | Krishna Mohan Jha, famous educationist, was born at Pokharia near Katihar (Purnea). |
| 7/14/1923 | Iqbal Singh Bhatia, great educationist, was born at Kotla Qasim Khan, (Pakistan). |
| 2/19/1993 | SC Jamir elected leader of the Congress (I) Legislature Party in Nagaland. |
| 2/19/1992 | The ruling Congress party wins local elections boycotted by Sikhs in Punjab. |
| 1/31/1997 | Government raises quantity of gold that can be brought into the country by non-residents to 10 kg. (from the existing 5). |
| 9/29/1997 | IRS-1D, fourth Indian Remote Sensing satellite, successfully launched off by PSLV-CI, the country's first operational polar satellite launch vehicle, from Sriharikota. With this launch, India became a member of the exclusive club of nations capable of launching the heavier class of satellites. |
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