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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 5/14/1914 | Ekanath Dattatreya Kulkarni, educationist and writer, was born at Bhaloni, Tal Pandharpur. |
| 8/29/1959 | India sends troops to Tibet border to block the Chinese. |
| 8/10/1758 | Marathas won the Atak. |
| 6/17/1994 | Twelve opposition legislators in Sikkim resign. |
| 9/30/1990 | Former Dy PM Devilal submits his letter of resignation. |
| 1/26/1950 | Dr. Rajendra Prasad (1884-1963) became the first President of India. He remained President from Jan. 26,1950 to May 13, 1962. |
| 2/28/1988 | Jaydev, famous music director, passed away. |
| 3/4/1879 | Bethune' College of Calcutta was established as the pioneer of women s college education in India. |
| 7/13/1916 | Ramkrishna Bakre (Tatya), veteran journalist and music critic, was born. |
| 3/17/1920 | Mujiburr Rahman, the first Prime Minister of Bangladesh, was born in Tungipara now in Bangladesh. |
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