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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 11/12/1781 | Nagapatnam of South India was captured by the British troops. |
| 10/15/1996 | Kerala CM Nayanar says Governors are not necessary in states. |
| 3/29/1982 | Delhi (707) beat Karnataka (705) on 1st innings to win Ranji Trophy. |
| 11/7/1990 | Lawrence Durrell, great Indian English and author (Mount Olive), passed away at the age of 78. |
| 4/8/1950 | Nehru and Ali Khan sign the Indo-Pakistani Pact. |
| 4/21/1720 | Peshwa Balaji Vishwanath passed away and was succeeded by his son Peshwa Baji Rao I. He was a great soldier and General. |
| 7/5/1997 | Janata Dal splits. Laloo Prasad Yadav forms Rashtriya Janata Dal and Sharad Yadav was elected as the Janta Dal president. |
| 2/24/1922 | Kanwar Rai Singh, cricketer (batted at MCG Test for India 1948), was born in Darkati, Punjab. |
| 3/5/1905 | Shushila Didi, great freedom fighter, was born at Datton Chuhad village, Punjab. She is remembered for her association in the revolutionary activities of Bhagat Singh. |
| 5/10/1905 | Pankaj Malik, music director, was born. |
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