Phoenix Indian Community - PhoenixIndian.com
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Historical Event on 7/1/1996

RBI reduces cash reserve ratio to 12\%.

Other Historical Dates and Events
5/27/1991Justice J.S. Verma of the Supreme Court appointed to probe into Rajiv Gandhi murder case.
12/26/1921Nurul. S. Hasan, educationist and statesman, was born at Lucknow (U.P).
9/25/1928Madhavrao Gadkari, great litterateur and editor, was born.
2/13/1993School collapses killing 21 pupils and 4 teachers.
2/13/1993Guru Ramdas, Sikh Guru, was born.
1/23/1954Bakshi Ghulam Mohammad declares that the State of Kashmir is a part of India.
7/26/1991Tamil Nadu and Karnataka observe bandh over Cauvery water issue.
4/11/1999The DRDO has successfully flight tested AGNI-11 with a range of 2000 km, using solid propellant rocket motors in both stages and rail mobile launcher system from its new launch complex in the Orissa Coast. With this launch the country has reached the point of operationalisation of AGNI-11 as a weapon system. (1-1-2000).
6/2/1975India's First Spunge Iron project inaugurated at Vijaywada.
5/21/1994JKLF leader Mohammed Yasim Malik agrees to eschew violence provided the Centre guarantees a dialogue without pre-conditions.