Seattle Indian Community - DesiEventsOnline.com
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Historical Event on 5/7/1993

Jankiraman panel's final report finds that an additional aggregate of Rs. 12,85,549 crore was transacted in banks without any documentation; it indicts 12 more banks for involving in the scam.

Other Historical Dates and Events
3/18/1924Madhusudhan Ramachandra Rege, cricketer (15 runs in only Test India v WI 1948-49), was born in Panvel, Maharashtra.
3/5/1931Mahatma Gandhi & British viceroy Lord Irwin sign a pact referred in Indian History as ""Gandhi-Irwin Pact"", after which the civic disobedience movement was taken back.
12/28/1984Eighth General Election of India ends. Indian National Congress party wins with thumping majority.
10/21/1762Herman W Daendels, Brig-General and Governor General of Dutch-Indies (1807-11), was born.
9/1/1956Life Insurance Corporation of India was established and all Life Insurance Business Companies were nationalised and merged in this corporation.
2/25/1962India Congress Party wins elections.
8/20/1979Indian premier Charan Singh resigns.
9/7/1887Mahamahopadhyaya Pandit Gopinath Kaviraj, editor and master, was born at Dhamrai in Dhaka now in Bangladesh.
3/26/1980Bombay gets its first rock concert in 10 years (The Police).
4/1/1995Open General Licence (OGL) list expanded from 43 to 75 as import of consumer goods liberalised.