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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
5/31/1921	Suresh Hariprasad Joshi, modern Gujarati poet, story writer and critic, was born.
8/6/1991	Ramakrishna Hegde disqualified as MLA.
7/22/1991	Pandit Basavraj Rajguru, great singer, passed away.
10/6/1862	Indian Penal Code was notified. However, it was implemented from 1st January 1862.
12/15/1951	Scindia's SS Jal Pushpa launched.
11/1/1930	S. R. Bose, cricket test umpire for one test in 1983-84, was born in Bihar.
12/29/1972	Construction work of Metro Train in Calcutta commenced.
3/21/1982	Nadmuri Tarak Rama Rao forms Telugu Desam Party in Andhra Pradesh.
3/9/1996	Chaudhary Randhir Singh appointed Governor of Sikkim.
1/29/1955	'Bhartiya Kamgar Kisan Party' 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.