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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
12/5/1990	With the induction of 60 ministers, the Bihar Cabinet becomes the largest ever cabinet in India with a total of 71 ministers.
4/17/1945	Gandhiji, in a statement regarding the ensuing San Francisco Conference, says that 'peace is impossible without equality and freedom of India'. Also demands a just peace for Germany and Japan.
10/21/1954	Government of India and France sign an agreement for the de-facto transfer of the French settlement of Pondicherry, Karaikal, Mahe to the Indian Union. The merger took place on November 1.
8/6/1998	SriKrishna Commission report was tabled by the Maharashtra government. It was rejected by the ruling alliance whom it heavily indicted.
9/26/1911	Prat Kumar Sinha, cricket Test empire for 2 tests from 1948-53, was born in Bengal.
4/1/1954	French settlements in India pass under Indian control.
7/1/1982	MGR inaugurates Tamil Nadu's noon meal programme for poor children.
1/19/1977	World's largest crowd--12.7 million--gather for Indian religious festival 'Kumbh Mela'.
2/11/1977	B.D.Jathi became the second acting President of India.
9/17/1950	Govt. grants diplomatic recognition to Israel.

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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).