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Historical Event on 4/29/1998
The Reserve Bank reduces the bank rate by one point from 10 per cent in its monetary and credit policy for the first half of 1998- 99.
| Other Historical Dates and Events |
| 2/24/1994 | Sharp increase in freight rates in the 1994-95 Railway budget; Pre-budget Economic Survey puts GDP growth in 1993-94 at 3.8\%. |
| 12/9/1942 | Dr. Dwarkanath Kotnis, doctor of international fame, died at Kokun village, China. |
| 6/9/1980 | M. G. Ramachandran's second AIADMK ministry takes office. |
| 4/25/2000 | The Supreme Court clears the decks for continuing the trial against AIADMK leader Jayalalitha in the controversial ''TANSI land deal case'' by ''erasing'' the Madras High Court judgment discharging her from the case. |
| 8/15/1947 | Pandit Jawaharlal Nehru becomes the first Indian Prime Minister of free India. |
| 1/17/1985 | Azharuddin scores second Test century in second Test vs England. |
| 7/11/1953 | Suresh Prabhakar Prabhu was born in Mumbai (Mahatrahtra). |
| 10/1/1953 | The first new state in India since 1949, Andhra Pradesh, is established on purely linguistic basis and formally inaugurated. This state was created by sub-dividing state of India, Madras Province and this movement was started by Shriramulu for which he had to sacrifice his life. |
| 5/23/1947 | The U.K. Cabinet today took the historic step of agreeing to Lord Mountbatten's proposal for the partition of India into two states, one Muslim and the other Hindu. The Viceroy is to have a series of talks with Lord Listowel, the Secretary for India. |
| 3/31/1993 | J.N. Dixit, Foreign Secretary, visits Myanmar and signs agreements on trade, control of drug trafficking and separatist movements along the borders. |
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