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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 7/27/1994 | Parliament votes to ban tests for determining the sex of an unborn child, as these tests have resulted in thousands of aborted female fetuses. |
| 4/13/1971 | Carlton Chapman, Indian Soccer (Football) player, was born in Bangalore, Karnataka. |
| 11/18/1901 | V. Shantaram alias Shantaram Rajaram Vankudre, famous film maker and actor (Chitrapat Maharashi), was born. |
| 4/26/1924 | Ramabai Ranade, social reformer, passed away. She played a major role in the upliftment of women in India and founded Sevasadan in Bombay, a hostel for the ladies. |
| 7/18/1990 | Following the end of six months Governor's rule, President's rule imposed in J&K. |
| 4/7/1935 | Shankar Abaji Bhise, famous Indian scientist, died. |
| 8/17/1911 | Y.R. Lokurkar, senior journalist, was born. |
| 4/25/1993 | Indian Airlines plane hijacker shot dead by commandoes. All 141 persons rescued. |
| 5/2/1996 | Controversial godman Chandraswami arrested and sent to high security Tihar jail on a day's judicial custody by a Delhi court for allegedly cheating NRI businessman Lakhubhai Pathak of $1 lakh in 1983. |
| 1/17/1889 | Shri Baldev Ramji Mirdha, great social worker, leader and politician, was born in village Kuchera, district Nagaur of Rajasthan. |
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