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Historical Event on 10/21/1997
RBI de-regulates deposit rates, reduces CRR and Bank Rate (from 10\% to 9) and allows banks to have two sets of Prime Lending Rates.
| Other Historical Dates and Events |
| 4/30/1981 | C. R. Krishnaswamy Rao was appointed as the Cabinet Secretary of India. He held this office till 08-02-1985. |
| 5/23/1996 | 1995-96 deficit touches a new high at Rs.19,855 crore. |
| 2/13/1989 | Aubrey Menen (76), Renowned writer, passed away in Kerala. |
| 9/29/1725 | Robert Clive, one of the founders of British empire in India and diplomat, was born. |
| 6/6/1996 | 14 Janata Dal legislators revolt in Karnataka against the composition of the J H Patel ministry. |
| 7/7/1896 | The premier show of the 'Marvel of the Century', first cinema show India, arranged by the Representatives of French Lumiere brothers- Louis and August Lumiere, was held at Watson Hotel in Bombay. The regular shows, however, started from July 14, 1896 at the Novelty Theatre. This show advertisment appeared in the 'Times of India', carrying details of a film show to be held for the first time on Indian soil. |
| 2/6/1827 | Shyam Shastri, musician and a great artist of India, passed away at the age of 65 years. |
| 9/13/1998 | Dr. Justice Adarsh Sein Anand is appointed Chief Justice of India. |
| 8/11/1984 | A cloud of toxic chemicals escaped from a Union Carbide plant near Charleston, West Virginia, this morning, and at least 135 residents were treated for eye, throat, and lung irritation. Last December, methyl isocyanate gas escaped from a Union Carbide plant in India, killing 2,000 people. No MIC escaped today, plant officials said. Aldicarb oxime, a much less toxic gas, is declared as one constituent of the gas cloud. |
| 5/16/1996 | Atal Krishna Behari Vajpayee, leader of Bharatiya Janta Party, becomes the 10th Prime Minister for 13 days (from May 16, 1996 to May 28, 1996 [techinally till 01-06-1996]), although his ability to govern effectively is in doubt. |
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