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Historical Event on 8/25/1997
Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).

Other Historical Dates and Events
11/30/1999	Prof. M. N. Sromovas, (83), well-known Sociologist in Bangalore, died.
1/20/1997	Indian Express launches its 18th edition from Belgaum.
6/13/1998	India rejects G-8 prescriptions saying they are ''coercive and intrusive'' and intend to freeze the nuclear weapon capabilities of New Delhi and Islamabad.
10/1/1894	Sudhi Ranjan Das, Chief Justice of Supreme Court of India, was born in Calcutta.
11/30/1998	Sonia Gandhi names Ashok Ghelot and Sheila Dixit as Chief Ministers of Rajasthan and Delhi respectively.
2/1/1922	Gandhiji gives notice to the Viceroy Lord Reading during Bardoli movement to inform him that he was intensifying his action and non-cooperation was to be escalated to Civil Disobedience.
10/16/1945	Food and Agriculture Organisation (FAO) established.
8/9/1969	Ochterlony Memorial in Calcutta was renamed as 'Shahid Minar'.
8/26/1914	Bengali revolutionaries looted 46,000 bullet ammunition and pistols from Calcutta Port for their revolutionary activities.
12/11/1968	Indian born Har Govind Khorana receives the Nobel Price for medicine and physiology.

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Historical Event on 8/25/1997 Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).

Historical Event on 8/25/1997
Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).