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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 2/11/1933 | First edition of weekly ""Harijan"" edited by Mahatma Gandhi was published from Pune in English and Hindi. |
| 7/12/1994 | Vasant (V. P. Sathe), film critic, journalist, publisher and author, passed away. |
| 4/15/1926 | Gurvel Singh Pannu, famous Hindi writer, was born in Lauhka, Punjab. |
| 8/16/1886 | Swami Ramakrishna Paramahamsa dies at the age of 50. His real name was Gadadhar Ghatterji. An Indian mystic, leader and saint, he preached unity of religions. Swami Vivekanand was his disciple. |
| 5/27/1999 | Sharad Pawar, Tariq Anwar and P.A. Sangma launch the Nationalist Congress Party. |
| 9/19/1911 | Boyi Bhimanna, great Hindi writer, poet and prolific author, was born at Mamidikuduru in AP. |
| 1/8/1992 | Luggage rate of railway passengers hiked by 30 per cent. |
| 4/8/1946 | HMS Vengeance, sailed with 22 aircraft of No. 4 Sqn, halted at Singapore for re-fueling and set course for Iwakuni, a port of Kyushu island. |
| 9/1/1998 | Leaded petrol is banned in Delhi. |
| 2/10/1944 | Japanese troops take the Ngakyedauk Pass, cutting off the 7th Indian Division at Sinzweya, Burma. |
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