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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
4/5/1961	Indian Drugs and Pharmaceuticals Limited was established in New Delhi by Indian Government for allopathic drugs.
3/27/1997	South African President Nelson Mandela arrives in New Delhi on official visit.
3/20/1926	For the first time in the history of the competition, Scotland beats England for rugby's Calcutta Cup in London.
5/26/2000	Prabhakar G. Surur (93) died in Mumbai.
11/11/1992	S.Bangarappa resigns as the CM of Karnataka.
8/17/1761	William Carey, the first English missionary to India, was born. He taught at the newly founded Fort William College at Calcutta from 1801 till his death and helped found the Serampore Press, which made the Bible accessible to over 300 million people.
9/16/1996	J & K second phase poll for 34 seats.
11/1/1858	Her Majesty Queen Victoria was no longer amused with the Company's loss of control, and India came directly under the Crown of 'Princes, Chiefs and People of India'. Britain Government took over administrative powers from East India Company to rule India.
5/1/1948	Baroda State merged into Bombay Province.
4/20/1993	Jharkhand Movement suspends its 36-days old economic blockade.

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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.

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.