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Historical Event on 8/25/1997
Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).

Other Historical Dates and Events
3/2/1994	Autonomous Hill Council for Leh set up.
6/11/1997	Jaspal Rana and J. Abhijit in the men's section and Nisha Millet in the women's section adjudged best sports persons of the National Games.
4/5/1990	Mrs.Sheela Flather, an Indian national, becomes the first Asian to be nominated to the House of Lords.
3/25/1990	Lakshadweep Council elections.
12/21/1999	The Gujarat Government asks the Hindu Jagran March to go-ahead with the 'Shilanyas' for a Ram temple at Halmodi in Surat district.
1/8/1890	Ramchandra Varma, renowned editor, was born. He also has the credit in making the Hindi Dictionary.
10/25/2000	The BJP Legislature Party in UP elects Rajnath Singh its leader.
8/26/1975	Dr. Narayan Subbarao Hardikar, freedom fighter, journalist and Padmabhushan awardee, died.
8/4/1967	World's longest and highest Dam 'Nagarjun Sagar' made by Masonary System was inaugrated.
12/4/1910	Amar Singh Ladha Nakum, cricketer (dashing Indian all-rounder of thirties), was born at Rajkot.

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Historical Event on 8/25/1997 Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).

Historical Event on 8/25/1997
Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).