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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 4/5/1908 | Babu Jagjivan Ram, valiant freedom fighter, was born in Chandwa village in Bhojpur, Bihar. He held many prominent ministerial portfolios such as Communications Minister (1952-56), Railway Minister (1956-62), Food and Agriculture Minister (1967-70) and Defence Minister (1970-74). After 1977, he became the Deputy Prime Minister (Defence) in Janta regime. Thereafter, he established Congress (J). His uninterrupted representation in the Parliament from 1936 to 1986 is a world record. This day is commemorated as ""Samta Diwas"". |
| 12/11/1988 | Dr. Nagendra Singh, 74, President of the International Court of Justice, passed away in Hague. |
| 1/5/1952 | Nawab of Pataudi Sr, cricketer (played polo 3 Tests for England 3 for India), died. |
| 5/29/1936 | Gandhi's eldest son creates a controversy as he converts to the Muslim faith. |
| 11/13/1953 | Richard Nixon, the US Vice President, arrives in New Delhi. |
| 4/28/1848 | Utkal Gourab Madhusudan Das was born in Calcutta district in Orissa. |
| 7/5/1916 | Archik Venkatesh Gopalkrishna, great poet, journalist and orator, was born at Dharwar, Mysore. |
| 10/6/1974 | Vengalil Krishnan Krishna Menon, great freedom fighter, barrister, leader, politician, nationalist and member of the Lok Sabha, passed away. He resigned as the defence minister soon after the Chinese aggression. |
| 8/13/1913 | Khawtin Khuma, politician, was born at Phuldungsei, Tripura. |
| 9/30/1908 | Ram Dhari Singh Dinkar, famous Hindi novelist, was born. |
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