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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 2/25/1987 | The Railway Minister announces introduction of 8 superfast trains from April 1. |
| 2/25/1987 | Maharana Pratap Singh of Udaipur, great freedom fighter, soldier and revolutionary, passed away. His son Amar Singh succeeded him. |
| 7/20/1990 | Tamil Nadu Bandh organised by Tamil Nadu Government to protest against the killing of Tamils in Sri Lanka passes off peacefully. |
| 2/22/1978 | Judge Yeshwant Vishnu Chandrachud became the Chief Justice of India. He helded this office till 11/07/1985. |
| 6/1/1964 | Nava Paisa, established in 1947, was renamed as 'Paisa'. |
| 3/3/1885 | Congress passes Indian Appropriations Act (Indians wards of fed govt). |
| 11/14/1967 | Kanakaiya Nayudu Colonel Cottari , cricketer (7 Tests for India in 30's), passed away at Indore. |
| 11/15/1937 | Jayshankar Prasad, famous Hindi writer, died. His works include the epic (mahakavya) ""Kamayanee"" and plays ""Chandra Gupt"" and ""Ska |
| 10/16/1952 | Pakistan's first Test vs India starts at Delhi. |
| 6/16/1997 | P. Sukumaran (50), Malayalam film actor, died in Kochi. |
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