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Historical Event on 3/1/1998

Bharat Ratna is awarded to Dr. A.J.P. Abdul Kalam, Scientific Adviser to the Defence Minister, and Smt. M. S. Subbulakshmi, Carnatic musician. The award is also conferred posthumously on film director Satyajit Ray, freedom fighter Aruna Asaf Ali and former Prime Minister Gulzari Lal Nanda.

Other Historical Dates and Events
9/3/1997India and E.U. sign an agreement envisaging a $200 m. E.U. aid for the country's primary health care programme.
9/6/1972Allauddin Khan, famous Sarod player, passed away.
11/11/1923Shamasunder Gururaj Mudgal, great educationist, was born at Bijapur, Bagalkot.
2/3/1992Kapil Dev becomes the second highest wicket-taker in Test Cricket when he took his 400th wicket, that of Mark Taylor, in the Perth Test (New Zealand's Richard Hadlee with 431 wickets being the first).
10/15/2000Sachin Tendulkar becomes the highest run-getter in one-day internationals (9379 runs) during his innings of 69 in the final of the ICC cricket tournament against New Zealand
11/27/1907Harivanshrai Bachchan, famous Hindi writer and poet, was born at Allahabad.
9/17/1876Sarat Chandra Chattopadhyay was born in Debanandpur village.
5/12/1949S Vijaya Laxmi Pandit, first woman foreign ambassador, was received in US.
4/5/1950Spurred by recent clashes in East and West Bengal between Muslims and Hindus, Indian Prime Minister Jawaharlal Nehru and his Pakistani couterpart Ali Khan today reached agreement on a ""Bill of Rights for Minorities"". This bill included a provision for ""drumhead justice,"" or summary justice to persons convicted of violating minority rights.
4/1/1935The Reserve Bank of India was established as a Central Bank and the job of issuing notes was entrusted to this bank. The Commissioner's office which issued currency was abolished and was substituted by the Governer of the RBI. The issue offices scattered around the country came to be called as the regional offices of the Reserve Bank.