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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 3/4/1858 | J. P. Walker, British Officer, along with 200 prisoners who were mainly from the Indian Sepoy Mutiny, sailed from Calcutta to start a new settlement in the Andaman Islands. |
| 4/15/1901 | Balakrishna Janardan Mohoni, cricket Test Umpire for 11 Tests from 1948-57, was born in Maharashtra. |
| 1/24/1957 | Kagaz Ke Phool, the first Indian black and white cinemascope film, was made. |
| 5/21/1966 | General Election (11th) of India ends. |
| 5/9/1998 | Kirit Raval is appointed Solicitor-General of India. |
| 5/9/1998 | Rumi, famous Muslim Sufi poet, was born. |
| 12/8/1999 | The Opposition attacks Prime Minister Vajpayee for ""withholding'' information on ministers' resignation. |
| 10/16/1922 | M.V. Desai, social reformer and journalist, was born. |
| 5/22/1996 | Ravi Shastri appointed UNICEF's national ambassador for children. |
| 5/12/1993 | Lok Sabha okays extension of President's rule in the former BJP-ruled states. |
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