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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 |
| 9/26/1977 | Uday Shankar (Chowdhury), producer and director of dance-based film 'Kalpana', passed away. He was the elder brother of Pandit Ravishankar. His main achievement was the blending of the Indian classical style with the Western Ballet and various folk dances. |
| 10/2/1911 | Ambat Menon, great educationist, was born at Chittore, Kerala . |
| 11/22/1997 | Diana Hayden, 24-year-old Mumbai-born Miss India, beat 85 contestants from around the world to be crowned new 'Miss Universe' at Mahe in Seychelles. |
| 9/11/1906 | Gandhiji addressed a mass meeting of Indians at Johannesburg, where they took oath of passive resistance against the newly promulgated 'Transvaal Asiatic Law Amendment Ordinance'. |
| 12/30/1946 | Jawaharlal Nehru calls on Gandhiji, who says, ""My reason wholly supports my heart"". |
| 7/31/1980 | Muhammad Rafi, famous playback singer, died at the age of 40. |
| 11/1/1961 | First passenger Plane flight AVRO HS748. |
| 3/5/1991 | Congress threatens to withdraw support to the minority government of Chandrasekhar on the issue of police surveillance in Rajiv Gandhi's residence. |
| 8/30/1994 | The ruling CPC-led Left Front captures large majority of gram panchayat seats in Tripura civic polls. |
| 8/21/1995 | Subrahmanyan Chandrasekhar, noted physics scientist, died at the age of 84. He was one of the world's leading astro-physicists for his contributions to the study of stars. Chandrasekhar had received the highest award in Science--the Noble Prize in Physics in 1983. |
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