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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 7/7/1999 | M.L. Jaisimha, former Indian Test cricketer, died in Hyderabad. |
| 9/6/1975 | Dularelal Bhargav, veteran writer, passed away. He was associated with 'Chand' and 'Madhuri' magazines. |
| 10/22/1933 | Vithalbhai Patel, great freedom fighter, social worker, leader, politician, President of the Central Assembly, lawyer and member of parliament, died in Geneva. |
| 8/26/1975 | Dr. Narayan Subbarao Hardikar, freedom fighter, journalist and Padmabhushan awardee, died. |
| 8/1/2000 | The Lok Sabha adopts Uttar Pradesh State Reorganisation Bill paving the way for the creation of Uttaranchal the 27th State. |
| 3/24/1993 | Six of Memon family escape to Karachi. |
| 9/10/1976 | An Indian Airlines Boeing 737 aeroplane was hijacked for the second time and taken to Lahore, Pakistan. |
| 1/30/1991 | Union Government dismisses Karunanidhi government. President's rule imposed in Tamil Nadu. |
| 3/28/1997 | Final phase of repatriation of Chakma and other tribal refugees of the Chittagong Hill Tracts from Tripura begins. |
| 11/9/1924 | Pandit C. R. Vyas, veteran singer, was born. |
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