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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 7/1/1927 | Chandrashekhar, former Prime Minister of India, was born. |
| 1/19/1995 | Goa Cong (I) government led by Pratap Singh Rane gets absolute majority when 4-members of MGP merged with Congress. |
| 8/9/1996 | Sachin Tendulkar, 23, chosen India's cricket captain. |
| 1/9/1918 | Harprasad Nanda, famous Industrialist, was born. |
| 7/21/1883 | Star Theatre was opened in Calcutta. |
| 2/7/1999 | Indian leg-spinner Anil Kumble became the second only bowler in Test history after J.C. Laker (England) to take all ten wickets in an innings against Pakistan in the second Test in Delhi. |
| 3/25/1990 | Lakshadweep Council elections. |
| 3/30/1665 | Murarbaji died at Purandar fort during a battle with Dilerkhan. |
| 7/16/1931 | C. T. Studd, 69, died. He was an English missionary, one of the 'Cambridge Seven,' who worked on the mission field in China, India and Central Africa. |
| 10/16/1990 | Dr. Nelson Mandela, conferred with 'Bharat Ratna', the highest civilian honour. |
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