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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 5/14/1998 | India will not sign CTBT unconditionally, says the Prime Minister. |
| 3/16/1860 | Dr. W.M. Haffkine, great scientist, bacteriologist and professor, was born at Odessa in Russia. |
| 6/12/1970 | Gopinath Kaviraj, Padmavibhushan awardee and critic, passed away. |
| 10/1/1894 | Sudhi Ranjan Das, Chief Justice of Supreme Court of India, was born in Calcutta. |
| 9/19/1965 | Government extends ultimatum to India to dismantle forts within four days in China. |
| 1/30/1971 | Indian Airline's Fokker Friendship aircraft in India was hijacked to Lahore. |
| 4/8/1985 | India files suit against Union Carbide in New York for Bhopal gas disaster. |
| 11/16/1995 | The Pension scheme ordinance for 18 million Provident Fund subscribers takes effect with an initial corpus of Rs. 85.00 billion. |
| 11/19/1962 | Nehru asks more US aid as China drives into India in New Delhi. |
| 12/28/1907 | Vitthal Narayan Kothiwale, great author, was born at Garoth (Malva). |
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