Kansas Indian Community - KansasIndian.com
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Historical Event on 7/1/1996

RBI reduces cash reserve ratio to 12\%.

Other Historical Dates and Events
4/9/1994C. Rajeshwara Rao, 80, former General Secretary of Communist Party of India, passed away in Hyderabad.
1/3/1997Government announces setting up of a Central Board for bank frauds.
12/22/1995A Russian-made AN-26 plane forced to land in Bombay following an Intelligence Bureau tip off that it could be the suspected aircraft which dropped arms at Purulia.
11/5/1995Common Guidance test flight of Trishul successful.
11/24/1989Tendulkar scores a record cricket test 50 aged 16 years 214 days.
5/29/1953Mount Everest conquered by Edmund Hillary and Tensing Norgay.
4/20/1971Air India started Boing 707 Jumbo Jet flight between Bombay and London.
10/12/1993RBI liberalises credit and monetary policy.
1/14/1760Eyree Coote, British Army Captain, captured and surrendered Pondicherry, capitulated French General Lally.
10/6/1927The first independent film processing laboratory, Atmanand Laboratory, was set up by Narayanrao alias Dhanjibhai K. Desai at Bombay.