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Historical Event on 4/29/1998
The Reserve Bank reduces the bank rate by one point from 10 per cent in its monetary and credit policy for the first half of 1998- 99.
| Other Historical Dates and Events |
| 9/3/1999 | India launches a new phase of military modernisation after the Kargil conflict. |
| 2/20/1950 | Sarat Chandra Bose, freedom fighter, journalist, leader and elder brother of Subhashchandra Bose, passed away. |
| 12/25/1879 | Sadhu T.L. Vaswani (1879-1966), altruistic Sindhi poet and servant of God, who found several Hindu missions in India and seven Mira Educational Institutions in his lifetime, was born. |
| 1/8/1964 | Jack ""Murph the Surf"" Murphy, 27, and a companion were arrested in Miami as suspects in the theft of $410,000 rare gems from the American Museum of Natural History in October of last year. The world's largest sapphire, the Star of India, and eight of the other 22 stolen gems were returned to New York in an attorney's coat pocket, having been recovered in two water-logged suede pouches from a Miami bus terminal locker with the help of a third suspect. The three described themselves as ""beach boys."" Murphy is a sometimes an aquatic clown, but mainly they were notorious jewel thieves. Murphy was also accused of pistol-whipping actress Eva Gabor and stealing jewels worth $50,000 from her a year ago. |
| 11/30/1990 | Admiral Laxmi Narayan Ramdas takes over as Chief of Naval Staff. |
| 7/3/1985 | Air Chief Marshal D A La Fontaine PVSM, AVSM, VM., became the Air Officer Commanding, India Command. He was in this office till 31/July/1988. |
| 8/17/1958 | Sir John Hubert Marshal, excavator of Mohan-Jo-Daro and Takshashila, died. |
| 7/5/1998 | An Amusement and Picnic Resorts Pvt. Ltd. with five dolphins and sea lions was inaugurated at Mahabalipuram. |
| 8/17/1986 | In the Jehovah's Witnesses' case, the Supreme Court rules that ""singing National Anthem is not obligatory"". |
| 2/1/1994 | PM Rao attends the World Economic Forum meeting at Davos, Switzerland. |
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