Wisconsin Indian Community - WIIndian.com
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Historical Event on 7/1/1996

RBI reduces cash reserve ratio to 12\%.

Other Historical Dates and Events
9/7/1931Meena Mangeshkar, famous playback singer, was born.
9/7/1931Saint Namdev passed away.
6/29/1909Pandit Motilal, social reformer and freedom fighter, was born.
10/5/1989Meerasahib Fatima Beevi, former High Court judge from Kerala, was named the first woman judge of the Supreme Court.
11/16/1962Chinese troops launch a major offensive in the frontier war.
7/3/1997Tamil actor Sivaji Ganesan gets 1996 Dada Saheb Phalke award for outstanding contribution to Indian cinema.
7/6/1986Babu Jagjivan Ram, valiant freedom fighter, passed away. He held many prominent ministerial portfolios such as Communication Minister (1952-56), Railway Minister (1956-62), Food and Agriculture Minister (1967-70), Defence Minister (1970-74). After 1977, he became the Deputy Prime Minister (Defence) in Janta regime. Thereafter, he established Congress (J). His uninterrupted representation in the Parliament from 1936 to 1986 is a world record.(5-4-91).
8/28/1997Jain Commission, chaired by Justice M.C. Jain, submits interim report on Rajiv Gandhi assassination.
5/11/1998Three momentous events took place on the day that did the nation proud. Firstly, three underground nuclear tests at Pokhran Range in Rajasthan, which included a hydrogen bomb, were tested; secondly, the successful test firing of the 'Trishul Missile' and thirdly, the maiden Certification test flight of 'Hansa-3', the first-all Composite indigenous two seater aircraft.
10/14/1998Prof. Amartya Sen (Indian Nobel Laureates), the economist-philosopher, awarded the Nobel Prize in economics for his contribution to welfare economics.