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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
2/8/1986	Sister Alphonsa was beatified by his Holiness Pope John-ll at Kottayam. She was the first woman from India to be raised to this honour. (19-7-96).
6/29/1991	A 32-member Left Front cabinet led by Jyoti Basu sworn in in West Bengal.
3/3/1871	Congress changes Indian tribes status from independent to dependent.
10/2/1910	Frank C. Brown, educationist and social worker, was born.
7/21/1999	The Janata Dal splits under Deve Gowda and Sharad Yadav. The latter group to support NDA.
7/21/1999	Buhlul Khan Lodi, an Afghan and founder of Lodi dynasty, ascends the throne of Delhi and displaced the Alam Shah of Syed dynasty.
5/14/1956	Govt announces that decimal coinage will be introduced in India from April 1, 1957.
6/12/1996	India's new prime minister H. D. Deve Gowda wins vote of confidence in the Lok Sabha and will rule as head of the United Front Coalition.
9/17/1879	E.V. Ramaswami Naicker, prominent leader of Dravid movement and social reformer, was born at Erode in Tamil Nadu.
3/22/1964	200 die in communal violence in the industrial towns of Jamshedpur and Rourkela.

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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.

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.