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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 2/20/1994 | Government makes the first appointment under 27\% reservation for Other Backward Classes in Central Services and Public Sector Undertaking. |
| 9/18/1803 | Second Anglo-Maratha war under Sir Arthur Wellesley resulted in a crushing defeat of the Marathas at Assaye. The British Christians captured Delhi and acquired control of large parts of India. |
| 12/22/1866 | Mazharul Haque, great social reformer, nationalist, journalist, poet, writer and politician, was born at Bahpura, Bihar. |
| 6/18/1946 | Congress Working Committee decides to accept Interim Government scheme. |
| 2/7/1954 | The present cres: the motto ""Shastra Se Shakti"" was adopted. In 1989, Hindi lettering of ""Shastra Se Shakti"" was adopted. |
| 12/1/1998 | Dhian Singh (103), freedom fighter dies at Palampur, Himachal Pradesh. He was a member of the Indian National Army and was jailed a number of times during the freedom movement. |
| 4/24/1932 | 450 people seized by British for defying ban on Indian National Congress. |
| 8/7/1888 | Navalram (Navalram Laxmiram Pandya), literature critic and versatile Gujarati author, died. |
| 8/15/1867 | Bhartendu Harishchandra publishes a Hindi monthly 'Kavi Vachan Sudha'. |
| 1/8/1987 | P. G. Joshi, cricketer (12 Tests for India 1951-60, ct 18 stp 9), passed away. |
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