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Historical Event on 5/1/1995
SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.
| Other Historical Dates and Events |
| 1/24/1924 | Karpoori Thakur ""Jan Nayak"", freedom fighter, teacher and national president of Samyukta Socialist Party, was born in village Samastipur, District Bihar. |
| 8/25/1997 | Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA). |
| 12/20/1998 | Dr. B. V. Raman (86), a reputed astrologer, dies in Bangalore following a cardiac arrest. He was the Editor of The Astrological Magazine. |
| 4/18/1914 | Cottari Subbanna Nayudu, cricketer (brother of C K, 11 Tests as leggie), was born in Nagpur. |
| 3/6/1990 | India wins Indira Gandhi Gold Cup hockey tournament. |
| 4/17/1923 | Lindsay Anderson, director (Thursday's Children), was born in Bangalore, India. |
| 6/16/1950 | Mithun Chakravorty, famous Hindi film actor, was born. |
| 9/23/1992 | Indian-designed pilotless target aircraft 'Lakshya' successfully tested. |
| 12/12/1964 | Maithili Sharan Gupta, famous Indian poet, Hindi litterateur, writer, social worker, patriot and Padma Bhushan awardee, died. |
| 1/19/1966 | Indira Gandhi elected leader of the Congress party to succeed the late Lal Bahadur Shastri as the third Prime Minister of India. She pledged to follow path of Non-Alignment in worlds affairs. |
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