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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 9/9/1947 | Ananda Kentish Coomaraswamy, great philosopher, linguist, art historian, painter and critic, died at Needham, Boston. |
| 8/22/1818 | Warren Hastings, first Governor General of India (1773-84), died at the age of 85. |
| 8/25/1960 | Olympics opened at Rome. |
| 2/2/2000 | The Government decides to appoint former Chief Justice of India M.N. Venkatachaliah as the Chairman of the National Commission to review the Constitution. |
| 3/30/1993 | India forgoes Narmada loan balance because of World Bank's strict regulations. |
| 3/11/1999 | Indian Davis Cup player and Asian Games gold medallist Gaurav Natekar announced in Mumbai his retirement from competitive tennis. |
| 3/7/1999 | 22 persons are killed and six injured when an AN-32 transport aircraft of the IAF crashes at Pappankulam near Indira Gandhi International Airport in south-west Delhi. |
| 6/4/1994 | Army successfully test-fires the short range surface-to-surface missile, 'Prithvi'. |
| 6/12/1952 | J&K Assembly decided to terminate hereditary monarchy. |
| 3/14/1995 | Chandragupta Chaudhary 'Comred ', senior leader of Bhartiya Communist Party, passed away. |
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