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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
10/3/1950India protests U.N. troops' crossing of 38th parallel in New York.
5/11/1998Three momentous events took place on the day that did the nation proud. Firstly, three underground nuclear tests at Pokhran Range in Rajasthan, which included a hydrogen bomb, were tested; secondly, the successful test firing of the 'Trishul Missile' and thirdly, the maiden Certification test flight of 'Hansa-3', the first-all Composite indigenous two seater aircraft.
7/23/1993Indian National Satellite (INSAT-2B), second satellite in the INSAT-2 series, was launched. This is more operational multi-purpose communication and enhanced meteorology satellite. It is still in service. It was aunched by European Ariane launch vehicle.
10/23/1996Shankarsinh Waghela (Mahagujarat Janata party), new chief minister, sworn in at Gandhinagar in Gujarat.
11/24/1988Mizoram became the first Lok Sabha member.
6/17/1928Pandit Gop Bandhu Das, famous writer, social worker and the creator of Orissa, passed away.
11/21/1993R.F. Botha, Foreign Minister, moots a grouping of Indian Ocean countries.
11/11/1866Patthe Bapurao (Shridhar Krishna Kulkarni), famous poet Shahir, was born.
1/26/1950Government of India accepted the National Emblem. It consisted of Head of Lion which is taken from Ashok piller situated near Sarnath.
5/27/1951Taraporewala Aquarium was inaugurated at Mumbai by President Dr. Rajendra Prasad.