Atlanta Indian Community - AtlantaIndian.com
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Historical Event on 7/1/1996

RBI reduces cash reserve ratio to 12\%.

Other Historical Dates and Events
9/27/1974Pankaj Dharmani, Indian ODI batsman (1997), was born.
9/27/1974The Sultan, losing his hold over the army and some members of his aristocracy, very wisely abdicated in favour of his brother Ahmad, who is famous in Deccan history as Ahmad Shah Wali.
9/10/1923Sukumar Roy, famous Bengali child litterateur, passed away.
12/10/1902Sir Ronald Ross was awarded the Nobel Prize for medicine for detecting the cause of Malaria.
6/20/1995Mayavati Government wins vote of confidence.
11/27/1999BJP suspends former Chief Minister of Uttar Pradesh Kalyan Singh from the primary membership of the Party for defying Mr. Vajpayee.
7/1/1964Industrial Development Bank of India (IDBI) was established.
3/15/1983Farukh Abdul Latif, great politician and journalist, was born.
3/31/1913Foundation stone of 'Gateway of India' was laid by Sir George Sydneham Clerk.
4/12/1992The 350-tonne Buddha statue salvaged from the Hussain Sagar where it had sunk in 1990.