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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 11/20/1917 | Ram Gopal, great Indies /English classical dancer (Blue Peter, Purple Plain), was born. |
| 2/11/1913 | Surendranath Dwivedi, educationist, politician and writer, was born in Khandasahi (Orissa). |
| 9/29/1932 | Hamid Dalwai, Muslim social reformer, was born. |
| 9/23/1980 | Indira Gandhi gains power to imprison without trial. |
| 4/13/1889 | Balkrishna A. Pillai, litterateur and journalist, was born. |
| 9/1/1947 | Indian Standard Time was adopted. |
| 7/1/1989 | Yashvantrao Chavan Open University was established. |
| 1/27/1967 | Delimitation Agreement for Warfare in space was signed by 60 nations in United Nation. |
| 10/24/1997 | Kerala bans ragging in educational institutions by an ordinance. |
| 5/13/1956 | Acharya Vinoba Bhave started the Bhoodan campaign in Tiruvellore. |
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