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Historical Event on 5/14/1994
RBI announces tight monetary policy.

Other Historical Dates and Events
7/17/2000	55 persons die as a Boeing 737 of Alliance Air from Calcutta to Delhi via Patna and Lucknow crashes at Gardanibagh, one km from the runway at the Patna airport.
10/4/1992	D. M. Sutar, freedom fighter and senior journalist, died.
6/13/2000	Yashwant Sinha, Finance Minister, announces a one-time settlement of outstanding loans below Rs. 10 crores in a move aimed at ridding the public sector banks of Rs. 51,000 crores of bad loans.
2/23/1952	Employees Provident Fund Bill and Miscellaneous Provision Act passed in the Lok Sabha.
4/15/1946	Triumphant over flesh and pain they passed away our day of peace to Cain. The original memorial was erected from local stone and the main epitaph displayed above is of black Naga stone.
9/5/1904	Bhalchandra Pandharinath Bahirat, editor and expert of Saint literature, was born.
4/28/1945	Ajit Manohar Pai, cricketer (one Test India v NZ 1969), was born in Bombay.
1/5/1955	Kumari Mamata Promileswar Banerjee was born in Calcutta (West Bengal).
2/14/1929	Devendra Lal was born in Varanasi. He made extensive studies of meteorites of Lunar rocks brought by the Apollo and Luna Missions and of material from the Ocean bed. He also evolved techniques to understand post events in the solar system from cosmic ray ""Signatures"". One of his most significant findings is that the intensity of cosmic rays during the last few million years has been the same as it is today. He was a geophysicist associated with the Physical Research Laboratory, Ahmedabad.
11/12/1990	Uttar Pradesh Government raises the reservation for Backward Classes in direct recruitment to State Services from 15 to 27 per cent.

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Historical Event on 5/14/1994 RBI announces tight monetary policy.

Historical Event on 5/14/1994
RBI announces tight monetary policy.