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Historical Event on 5/1/1995
SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.

Other Historical Dates and Events
2/14/1929	Devendra Lal was born in Varanasi. He made extensive studies of meteorites of Lunar rocks brought by the Apollo and Luna Missions and of material from the Ocean bed. He also evolved techniques to understand post events in the solar system from cosmic ray ""Signatures"". One of his most significant findings is that the intensity of cosmic rays during the last few million years has been the same as it is today. He was a geophysicist associated with the Physical Research Laboratory, Ahmedabad.
11/19/1992	M. Veerappa Moily selected to become the new CM of Karnataka.
2/24/1961	Government of Madras province was renamed as Tamil Nadu.
2/23/1993	Pre-budget Economic Survey proposes closure of sick PSE and rationalisation of tax and interests rates.
9/4/1990	An all-party meeting refuses to endorse the decision to implement Mandal Commission Report according to which 27\% jobs are reserved for backward communities.
12/15/1991	Satyajit Ray, film maestro, awarded Special Oscar for his lifetime achievement.
3/26/1918	Vanavihari B.N. Sundara Rao, great author and journalist, was born at Varthur, Bangalore.
5/31/1947	Gandhiji declares that peace must precede partition, and he would not be party to India's vivisection.
11/24/1963	Marotrao Kannamwar, former Chief Minister of Maharashtra, passed away.
1/5/1995	Jitendra Prasad succeeds N.D. Tiwari as UPCC-I chief.

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Historical Event on 5/1/1995 SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.

Historical Event on 5/1/1995
SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.