Detroit Indian Community - DetroitIndian.net
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Historical Event on 7/1/1996

RBI reduces cash reserve ratio to 12\%.

Other Historical Dates and Events
12/1/1991Stone laid for the Sanskrit University at Kaladi, the birthplace of Adi Sankara.
12/27/1990Central Govt. introduces fresh direct tax proposals to raise additional Rs. 810 crore by raising income tax and fixing limits for deduction of depreciation.
10/6/1999INLD-BJP combine wins by big margin in Haryana.
12/10/1948Human Rights Day.
10/20/1992Nirad C. Chauduri, 94, the Indian writer living in Oxford, made honorary Commander of the British Empire.
10/1/1993The IAF joined in peace keeping duties in Somalia as part of the Indian contingent supporting UN operations.
9/19/1933Sunit Francis Rodrigues, former Chief Army General, was born.
8/11/2000Usha Mehta, great Gandhian, passed away.
6/30/1930George Fernandes, worker's leader and politician, was born.
10/27/1989The XIV-World Congress of Neurology was held in New Delhi under the auspices of the World Federation of Neurology and Neurology Society of India. (21-10-89).