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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
6/17/1950Syed Wazir Ali, cricketer (7 Tests for India), passed away.
10/28/1929Narotam Puna, cricketer (Bombay NZ off-spinner v England 1966), was born.
9/28/1965India-Pakistan hostility erupts into a war lead by Pakistan.
4/19/1998Jayalalitha, AIADMK leader, demands that all ''tainted leaders'' be dropped by the Vajpayee Government or that Sedapatti R. Muthiah be taken back.
4/7/1818British Government imposed 'State Prisoners Regulation III -1818' for detention and deportion of political prisoners and revolutionaries without any trial. This black act was in force till 1947 when India got independence.
7/17/1997K.R. Narayanan,Vice President, wins in the Presidential election with a record margin to become the next head of state.
7/17/1997Akbar, great Mughal Emperor, won Kabul.
1/30/1903Lord Curzon opened the Imperial Library in in Metcalfe Hall at Calcutta.
8/5/1909Dwijhans Kalika Prasad Dixit, great poet and educationist, was born at Gram Dedani in Uttar Pradesh.
11/10/1960B. N. Jha was appointed as the Cabinet Secretary of India. He held this office till 08-03-1961