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Historical Event on 12/31/1996
Gold import policy liberalised.

Other Historical Dates and Events
1/7/1994	Malhotra Committee recommends privatisation and foreign participation of LIC and GIC.
6/24/1980	Varahagiri Venkata Giri, former president of India, died at Madras.
7/1/1991	Rupee devalued by 8.5\%.
9/19/1997	Ambar Roy, Indian test batsman (1969-70), died in Calcutta.
1/16/1942	Jawaharlal Nehru succeeds Gandhi as head of Indian National Congress.
4/5/1993	K. Vijaya Bhaskara Reddy, Andhra Pradesh's CM, defeats TDP's Renuka Chowdhary by 31,611 votes in the Panyam Assembly election.
11/9/2000	The 17-day old Manohar Parrikar led BJP Government in Goa wins the trust vote.
10/17/1903	7th Madras Infantry was re-established as 67th Punjabi Infantary.
5/2/1953	Declaration by the PM that India was opposed to joining any power-block in the event of another war.
9/29/1836	Chamber of Commerce and Industry was established in Madras

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Historical Event on 12/31/1996 Gold import policy liberalised.

Historical Event on 12/31/1996
Gold import policy liberalised.