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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 10/16/1971 | David Jude Johnson, cricketer (Karnataka fast bowler, India 1996), was born in Arasikere. |
| 10/16/1971 | Meerabai, saint poet, passed away. |
| 4/23/1774 | British Commander Colonel Chapman defeated Rohilla's army and captured Ruhelkhand. |
| 8/6/1997 | Cabinet approves a proposal to amend the Hindu Marriage Act and the Special Marriage Act, with a view to removing epilepsy as a ground for annulling marriage or for declaring marriage as null and void. |
| 12/14/1901 | Gandhiji reaches Rajkot via Porbunder. |
| 2/18/1945 | Kal Yug' era passed away. |
| 1/8/1984 | Sushma Mukhopadhyay, first Indian women pilot, died at the of 74. |
| 8/15/1947 | The Defence department becomes the Ministry of Defence under a Cabinet Minister. Each service was placed under its own Commander-in-Chief. Under the Constitution, the supreme command of the Armed Forces was vested with the President. |
| 2/19/1670 | Chhatrapati Shivaji Maharaj, the great Maratha, was born. |
| 1/26/1999 | 21 dalits are gunned down by the Ranbit Sena in Jahanabad district in Bihar. |
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