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Historical Event on 5/14/1994
RBI announces tight monetary policy.

Other Historical Dates and Events
8/27/1987	B. Shankaranand appointed Chairman of the Parliamentary Committee to enquire into the Bofors gun deal.
10/31/1895	Cottari Kanakaiya Nayudu, cricketer (India's 1st Test capt), born at Nagpur.
2/8/1967	Indira Gandhi was hit in face by a stone while addressing crowd.
7/20/1969	M. Hidayatullah became the first acting President of India.
3/25/1983	Chalpati Rao, great journalist, passed away.
1/7/1858	The hearing of the case began that was filed against the last Mughal Emperor Bahadhur Shah II for taking part in the first armed revolution against the British.
4/11/1999	India successfully test-fires the extended range ''Agni-II'' missile, bridging a key gap in its minimum nuclear deterrent profile.
10/24/1997	Kerala bans ragging in educational institutions by an ordinance.
9/25/1857	Lucknow relief by Havelock & Outram begins.
2/22/1946	Curfew imposed till 9 p.m. by the British in Bombay as rioting and looting continued for the second day.

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Historical Event on 5/14/1994 RBI announces tight monetary policy.

Historical Event on 5/14/1994
RBI announces tight monetary policy.