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Historical Event on 8/25/1997
Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).

Other Historical Dates and Events
2/5/1924	Gandhiji was released after operated on for appendicitis in Sassoon Hospital, Poona.
4/29/1960	Pandit Balkrishna Sarma ''Navin'', famous Hindi poet of modern era, passed away.
10/28/1947	Sheikh Mohammad Abdulla invited to form an interim government in J&K.
1/24/1994	India sends six proposals to Pakistan to resolve bilateral problems.
8/1/1994	Surendra Singh was appointed as the Cabinet Secretary of India. He held this office till 31-07-1996.
9/14/1893	Celebration of 'Sarvajanik Ganeshotsav' (Festival of Lord Ganesha) started.
10/1/1991	India takes over the presidency of Security Council with Ambassador G.R. Gharekhan in the chair.
7/30/1920	Rikhye Maj-Gen Indar Jit, Educationist and Former Army Officer, was born at Lahore.
7/29/1927	Madhavsingh Solanki, one of the leaders in Gujarat, was born.
5/6/1680	Chatrapati Rajaram Maharaj was crowned.

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Historical Event on 8/25/1997 Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).

Historical Event on 8/25/1997
Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).