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Historical Event on 8/25/1997
Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).

Other Historical Dates and Events
12/15/1976	Baichung Bhutia, Indian Soccer(Football) player, was born in Gangtok, Sikkim.
10/30/1949	Pramond Venkatesh Devidas Mahajan was born in Mahaboobnagar (Andhra Pradesh).
11/9/1962	Dhondo Keshav Karve, social reformer and educationist Bharat Ratna awardee, died.
12/15/1894	Saraswatibai, famous singer and classical music expert, was born.
2/9/1929	Abdul Rehman Abdul Gafur Antule, former Chief Minister of Maharashtra and Central Minister for Health, was born.
3/1/2000	Gopichand wins the Indian Oil Servo National badminton championship at Kochi-making it four in a row.
5/15/1873	The proposal to dissolve East India Company was passed in England.
10/16/1952	Pakistan's first Test vs India starts at Delhi.
4/16/1993	The Supreme Court stays the operation of M.P. High Court's order quashing President's rule in the state.
4/8/2000	Air India wins the Rani of Jhansi women's cricket tournament in Chennai.

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Historical Event on 8/25/1997 Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).

Historical Event on 8/25/1997
Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).