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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 |
| 6/11/1964 | Dr. Jayant Narlikar, great mathematician of India, submitted his thesis to Royal Society of London. |
| 10/6/1927 | The first independent film processing laboratory, Atmanand Laboratory, was set up by Narayanrao alias Dhanjibhai K. Desai at Bombay. |
| 10/12/1860 | Sir Henry G W Smith, leader of British-Indian forces, passed away at the age of 73. |
| 9/14/1992 | S. A. Banerjee, cricketer who played one Test for India in 1948 without scoring any runs but took 5 wkts, died. |
| 8/15/1947 | Sir Cyril Radcliffe Award on the new boundaries of West Punjab, East Punjab, West Bengal, East Bengal and Assam. |
| 8/30/2000 | A. B. Vajpayee, Prime Minister, announced a package for small units raising the ceiling on loans from Rs. 10 lakhs to Rs. 25 lakhs. For the handloom sector, a separate scheme costing Rs. 447 crores was also finalised. |
| 7/24/1996 | Govt. decides to raise the ceiling on the maximum amount of retirement/death gratuity from Rs. 1 lakh to Rs. 2.50 lakhs. |
| 12/23/1989 | V. C. Pande was appointed as the Cabinet Secretary of India. He held this office till 11-12-1990. |
| 8/17/1911 | Y.R. Lokurkar, senior journalist, was born. |
| 8/17/1911 | Battle of Krisna was fought between two villages Rakshasi and Tangadi. |
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