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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 8/12/1996 | Supreme Court stays further proceedings against Narasimha Rao in Chandraswami-Lakhubhai Pathak cheating case. |
| 12/14/1999 | G.M.C. Balayogi, Lok Sabha speaker, presents a draft for over Rs. 32 lakhs to the Prime Minister for the Kargil Fund. |
| 7/15/1992 | Lucknow High Court stays any construction activity near the disputed temple in Ayodhya. |
| 9/4/1825 | Dadabhai Naoroji, first Indian in British parliament and merchant, was born at Navsari, Gujarat. He coined the word 'Swaraj'. |
| 12/10/1913 | The Nobel prize for literature was awarded this year to Rabindranath Tagore, the Bengali poet from India. |
| 3/17/1909 | Pandit Ramchandra Narayan Dandekar, educationist and internationally famed Sanskrit scholar, was born at Satara, Maharashtra. |
| 4/15/1883 | Narhar Raghunath Phatak, famous journalist and historian, was born. |
| 4/14/1952 | Three integrated Railway Zones, Northern, North Eastern and Eastern inaugurated. |
| 1/23/1977 | Janata Party was formed. Congress Sangathan, Jansangh, Bhartiya Lokdal and Samajwadi Party decided to merge and create Janata Party. |
| 10/16/1994 | CIA connection to CN Annadurai alleged in book on Seshan, Jayalalitha obtains stay. |
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