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Historical Event on 5/1/1995
SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.

Other Historical Dates and Events
4/4/1990	MI-4 was re-equipped with the mighty Mi-35, thus becoming a dedicated Attack Helicopter unit of the IAF.
8/18/1800	Fort William College was established at Calcutta.
2/7/1993	Medium-range surface to surface missile, 'Prithvi' successfully launched for the 10th time.
7/2/1999	Medha Patkar of Narmada Bachao Andolan (NBA) planned a 'fast' to protest against the Sardar Sarovar Project (SSP).
1/9/1995	T.N. Seshan, chief election commissioner, asks Centre to put off annual budget in lieu of State assembly elections.
3/10/1998	A. B. Vajpayee agrees to form a government with 252 members including the BJP and it's allies.
12/12/1992	Government asks CBI to probe the demolition of the masjid in Ayodhya.
7/21/1962	Passenger Train and Freight Train collided near Dumraon killing 69 persons.
8/9/1942	Mahatma Gandhi after announcing 'do or die' slogan alongwith 'Quit India Movement' at Bombay was arrested along with 50 others. Gandhiji was interned in Aga Khan Palace at Poona. This Do or Die slogan deep rooted in Indian hearts and resulted in nationwide Quit India Movment. This day is commemorated as ""Kranti Day"". Govind Vallabh Pant was send to Ahmednagar Jail, while Sarojini Naidu and many other leaders were also arrested.
10/5/1997	Dr. Kalpana Chawla became the first Indian woman to become an astronaut. (year 1997 or Oct. 5, 1998)

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Historical Event on 5/1/1995 SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.

Historical Event on 5/1/1995
SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.