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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 4/16/1918 | Lalita Pawar, famous actress of Indian film industry, was born. |
| 5/4/1849 | Jyotirindranath Tagore, Bengali litterateur and poet, was born. |
| 6/20/1972 | Paras Laxmikant Mhambrey, great Indian cricket pace bowler (Test v England 1996), was born in Bombay. |
| 11/14/1914 | Eight Language panel were started on the Rs. five denomination again. The printing colour of note was red. These languages were Urdu, Telugu, Kaithi, Tamil, Bengali, Kannada, Burmese and Gujarati. |
| 12/8/1879 | Jatindranath Mukherjee (Jatin Bagha), famous revolutionary, was born in Jessore. |
| 12/6/1931 | Bengal Congress to boycott British goods. |
| 2/15/1948 | Subhadra Kumari Chauhan, famous Hindi poet, political agitator, critic and freedom fighter, passed away near Seoni, Madhya Pradesh, in an automobile accident. |
| 10/27/1907 | Sardar Bhagat Singh, the great martyr, was born in village Banga, Lyallpur (now in Pakistsan) in a reputed Sikh freedom fighter's family. |
| 9/6/1889 | Sarat Chandra Bose, freedom fighter, journalist and leader, was born. |
| 3/3/1859 | A length of 119 miles of line was laid in the North from Allahabad to Kanpur. |
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