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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 8/21/1981 | Dattatrey Balkrishna Kalelkar ""Kakasaheb"", freedom fighter, passed away at the age of 96. |
| 5/5/1947 | Gandhiji denies in an interview that communal division of India is inevitable. |
| 11/15/1982 | Acharya Vinoba Bhave, great freedom fighter and social reformer, died (88 years) in Pawnar Ashram at Wardha near Nagpur, Maharashtra. |
| 1/2/1953 | Government set up a Board of Editors under Dr. Syed Mahmood to prepare a history of Freedom Movement in India. |
| 12/7/1993 | BJP leaders Advani, Joshi and Kalyan Singh arrested in connection with Ayodhya demolition case. |
| 2/14/1976 | Urban Land Ceiling Regulation Act comes into force. |
| 1/11/1960 | Pakistan and India agree on disputed boundary between Punjab and W. at Pakistan. |
| 9/27/1833 | Raja Rammohan Roy, great social reformer, lawyer and politician passed away at Stapleton Grove in England. |
| 3/18/1992 | Shreyanprasad Jain, famous philanthropist and industrialist, passed away. |
| 1/10/1920 | India became member of League of Nations. |
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