Phoenix Indian Community - PhoenixIndian.com
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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
8/19/1927Ananta Narsinha Naik, social reformer and politician, was born at Bandora, Goa.
10/11/1991Meghalaya placed under President's rule.
3/14/1910Dalai Lama makes a rare state visit to the Viceroy of Calcutta.
12/4/1991Lok Sabha approves a vital bill seeking to bring sick public sector units within the purview of the BIFR.
10/14/1910Further unrest took place in Lhasa, Tibet, following the arrest of Dalai Lama's agent by the Chinese on the Chinese frontier with India.
12/28/1995Third Indian Remote Sensing Satellite (IRS-1C), carring advanced remote sensing cameras was launched by Russian Molniya launch vehicle. It is still in service.
3/2/1913Bhavaniprasad Mishra was born.
7/26/1891Rajendralal Mitra (Raja), famous Bengali ancient researcher, passed away.
6/1/1980AIADMK wins Tamil Nadu Assembly election; Congress (I) wins in U.P, M.P, Gujarat, Rajasthan, Punjab, Maharashtra and Orissa.
11/22/1773Robert Clive, English occupier (India), passed away at the age of 48.