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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 7/13/1957 | Behram Navrosji Karanjia, leading merchant and director of various companies, passed away. |
| 3/10/1939 | 17 villages damaged by hailstones in Hyderabad, India. |
| 4/26/1908 | Judge Sarv Mittra Sikri, Chief Justice of Supreme Court of India, was born. |
| 10/10/1970 | Union Government ruled out judicial probe into the death of the late PM Lal Bahadur Shastri. |
| 12/26/1989 | India debars Bofors from future contracts until they come out clean. |
| 3/22/1991 | Chautala sworn in as Haryana CM. |
| 3/31/1992 | Madhav Sinh Solanki, External Affairs minister, resigns on Bofors letter issue. |
| 1/24/1924 | Karpoori Thakur ""Jan Nayak"", freedom fighter, teacher and national president of Samyukta Socialist Party, was born in village Samastipur, District Bihar. |
| 2/2/1862 | Pandit Shambhunath was the first Indian to become Judge of Indian High Court. |
| 2/21/1995 | The plan outlay for Andhra Pradesh for 1995-96 fixed at Rs. 3.159 crores. |
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