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Historical Event on 10/21/1997
RBI de-regulates deposit rates, reduces CRR and Bank Rate (from 10\% to 9) and allows banks to have two sets of Prime Lending Rates.
| Other Historical Dates and Events |
| 4/21/1996 | Sanjay Thapar of the IAF (leader) becomes first Indian to parachute down to geometric North pole and unfurl the flag. |
| 9/20/1921 | Pamanmal Hazari Punjabi, right-hand batsman (164 runs in five tests vs Pakistan in 1954-55), was born at Karachi. |
| 2/22/1905 | Purushotamsing Bajaj, industrialist and social worker, was born at Shikarpur (Sind). |
| 6/7/1631 | Begum Mumtaj Mahal, wife of Shah Jahan, Emperor of India, passed away at Burhanpur a few hours after the birth of a daughter. She was married in 1612 and the Taj Mahal was built for her. |
| 5/5/1994 | Revolt against Nar Bahadur Bhandari government in Sikkim, Sanchaman Limboo elected new leader. |
| 3/2/1913 | Bhavaniprasad Mishra was born. |
| 11/20/1981 | Bhaskara-II, India's second experimental remote sensing satellite, was launched by Russian launch vehicle Intercosmos. This provided experience in building and operating a remote sensing satellite system on an end-to-end basis. |
| 10/1/1990 | Supreme Court stays implementation of Mandal Commission recommendations. |
| 10/5/1868 | Laxmi Narayan Barua, Assamia novelist, was born. |
| 12/24/1809 | Christopher ""Kit"" Carson, KY, union brig-general and Indian fighter, was born. |
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