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Historical Event on 10/21/1997
RBI de-regulates deposit rates, reduces CRR and Bank Rate (from 10\% to 9) and allows banks to have two sets of Prime Lending Rates.
| Other Historical Dates and Events |
| 7/24/1994 | Bodo kills 37 moslems in Bashbari, North Eastern India. |
| 2/28/1988 | Jaydev, famous music director, passed away. |
| 12/19/1917 | Ashoknath Banerjee, Governor of Karnataka, was born. |
| 2/21/1894 | Dr. Shanti Swarup Bhatnagar, famous scientist, was born at Bhera, Punjab. |
| 12/20/1967 | Indira Gandhi gets powers to outlaw groups that question sovereignty. |
| 9/19/1960 | Sindhu River water-sharing settement was signed between India and Pakistan. |
| 8/15/1947 | On the the stroke of mid-night on 14th August 1947, India became independent and was partitioned. Pandit Jawaharlal Nehru became the first prime minister and Dr. Rajendra Prasad became the first president of free India. The mixed economy policy was taken on a five-year plan basis for economic development. On 26th January 1950, India became a democratic and is the biggest democracy of the world today. In 1956, on the basis of languages, India was divided into 14 states and 6 union territories. Today, there are 27 states and 7 union territories. |
| 8/27/1918 | Nemichandra Jain, stage critic, was born. |
| 1/17/1922 | T. A. Pai, former Central Minister and bank expert, was born. |
| 1/29/1780 | Hicky's Bengal Gazette, the first news paper in India, was published in English in Calcutta . |
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