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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.

Other Historical Dates and Events
12/3/1999	Bhopal gas victims take out rallies to mark the 15th anniversary of the tragedy.
9/2/1956	Collapse of a RR bridge under a train kills 120 (India).
5/22/1991	Shripad Amrit Dange, veteran communist leader, passed away.
3/8/1957	Balasaheb Gangadhar Kher, prominent leader in Maharashtra and former Chief Minister of Mumbai province, passed away.
5/6/1922	Chhatrapati Rajarshi Shahu, great revolutionary, freedom fighter and social reformer of Kolhapur, passed away at Bombay. He was 48.
3/9/1966	India yields to Sikh demand for Punjab-speaking state.
2/4/1992	National Renewal Fund for industries set up.
2/23/1993	Pre-budget Economic Survey proposes closure of sick PSE and rationalisation of tax and interests rates.
2/11/1977	B.D.Jathi became the second acting President of India.
1/1/1966	Vimal Roy, film maker and producer, passed away.

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Historical Event on 7/1/1996 RBI reduces cash reserve ratio to 12\%.

Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.