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Historical Event on 1/7/1994
Malhotra Committee recommends privatisation and foreign participation of LIC and GIC.

Other Historical Dates and Events
4/13/1699	Khalsa Panth established.
8/9/1963	India is the first country to add its signature to the test-ban treaty at Moscow.
3/9/1863	Laxman Bapuji Kolhatkar (Bhaurao), famous singer and actor of Marathi theatre, was born.
4/23/1987	Supreme Court in a judgement confers Hindu widows absolute ownership of property under Hindu Succession Act 1956.
5/16/1946	Gandhiji's Cabinet Mission announces Plan.
4/1/1996	Kerala introduces ban on arrack. 5614 licenced arrack shops closed down.
11/11/1906	Chetput Ramaswami Pattabhi Raman, politician and social worker, was born at Madras.
12/6/1997	Space shuttle Columbia's astronauts return to earth following a two-week science mission on an enquiry awaiting them because of botched satellite release. Columbia and its crew of six, including India-born Kalpana Chawla, swooped through a clear chilly sky and landed on runway at Kennedy Space Centre. Astronauts save runaway $10-million satellite by catching it with their hands.
9/3/1994	The government decides to disinvest government holding in 21 Public Sector Units including ITI, IOC and ITDC.
5/4/1854	The first stamp was officially issued from Calcutta where the first modern post office was established.

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Historical Event on 1/7/1994 Malhotra Committee recommends privatisation and foreign participation of LIC and GIC.

Historical Event on 1/7/1994
Malhotra Committee recommends privatisation and foreign participation of LIC and GIC.