1 Uco Bank invites applications for recruitment of 1000 Clerks. Last date for online Registration : 02.06.2012. 2 Steel Authority of India Limited, Burnpur invites applications for 507 non-executive posts. Last Date : 21.06.2012. 3 Headquarter Southern Naval Command, Kochi requires 399 Safaiwalas, unskilled Labourers, Fireman Watchman, Mali, Peon etc. Last Date: 21 days after publication 4 Mahanadi Coalfields Limited requires 353 Jr. Overman, Mining Sirdar and Deputy Surveyor. Last Date : 11.06.2012 5 Assam Rifles invites applications for recruitment of 242 Tradesmen. Last Date : 19.06.2012. 6 Bipin Tripathi Kumaon Institute of Technology Dwarahat requires 44 Professors, Associate Professors and Assistant Professors. Last Date: 18.06.2012 7 17 Field Ammunitions Depot C/o 56 APO requires 44 Fireman and Mazdoors. Last Date : 21 days after publication. 8 Border Security Force requires 37 Para-medical Staff. Last Date : 30 days after publication. 9 Mata Sundari College for Women, New Delhi needs 25 Assistant Professors/Lecturers. Last Date : 20.06.2012 10 The Indian Navy invites applications from unmarried male candidate for enrolment as Sailors for Senior Secondary Recruits (SSR)-01/2013 Batch. Last Date : 22.06.2012. ** span>



  • 1947
    Finance Minister R.K. Shanmukham Chetty presented first budget to Parliament, John Mathai presented first railway budget.

  • 1948
    Industrial Finance Corporation of India (IFCI) set up to provide long term finance to industries.
    RBI nationalised.

  • 1949
    Mahindra & Mahindra launches first locally assembled Willys Jeep.
    Rupee devalued for first time by approximately 31%.

  • 1950
    Stock exchanges come under Central Government after the adoption of the Constitution.
    Premier Automobiles (PAL) enters into collaboration with Fiat to launch Fiat 500.

  • 1951
    First 5 year plan set up with budgetary outlay of Rs. 2,378 crore.

  • 1952
    Atomic Energy establishment at Mumbai. In 1966 rechristened the Bhabha Atomic Research

  • 1953
    Private Airlines nationalised.

  • 1954
    Telco produces commercial vehicles in collaboration with Daimler Benz.
    Bhakra Dam inaugurated for Hydro power.
    In December, Imperial Bank of India taken over by government and renamed State Bank of

  • 1955
    ICICI set up with support of World Bank and other agencies.

  • 1956
    Industrial policy resolution in force.
    Securities Contracts (Regulation) Act passed.

  • 1957
    Ambassador car launched by Hindustan Motors.

  • 1958
    Finance Minister T.T. Krishnamachari resigns following Justice Chagla’s report that he is
    responsible for the Mundhra-LIC share scam.

  • 1959
    ONGC, IOC set up. TV transmission introduced.

  • 1963
    Gold Control Order comes into force.

  • 1964
    UTI and IDBI set up.

  • 1965
    Minimum annual bonus of 4% of salary becomes mandatory for companies.

  • 1966
    Dhirubhai Ambani sets up Reliance Industries.
    Rupee devalued by 36%.

  • 1969
    Forward trading in shares banned. MRTP Act passed.

  • 1970
    Supreme Court holds nationalisation of banks illegal while Presidential Ordinance revalidates

  • 1972
    Oil struck at Bombay High. Bonus ceiling raised to 8·33% of annual salary.

  • 1973
    FERA passed. SAIL set up by merging five PSU steel companies.

  • 1974
    Complete nationwide rail strike launched by George Fernandes.
    Indira Gandhi imposes 12% ceiling on dividends. Stock market crashes.

  • 1975
    Communication satellite Aryabhatta launched.
    Emergency declared. 20 point economic programme announced. COFEPOSA approved by

  • 1977
    Industry Minister George Fernandes ousts Coca Cola and IBM as they to reduce shareholding in Indian subsidiaries to 40%.

  • 1978
    Currency denominations of Rs. 1,000 and above demonetized.

  • 1979
    Ramesh Chauhan of Parle launches Thums Up.

  • 1980
    Bombay Stock Exchange shifts to Phiroze Jeejeebhoy Towers.

  • 1981
    Maruti Udyog set up.

  • 1982
    300,000 textile workers go on strike led by Datta Samant making it the largest union activity in the world.

  • 1983
    Takeover bid of DCM and Escorts by Swaraj Paul. Maruti 800 launched.

  • 1984
    HAL-assembled first MIG-27-M aircraft rolls out.
    Union Carbide leaks MIC gas in Bhopal kills 2500 people.

  • 1986
    Shipping Credit and Investment Corporation of India (SCICI) set up.

  • 1987
    Birla group is divided into six family branches.
    Bofors Howitzer gun scam rocks the country.

  • 1988
    SEBI set up.
    Supreme Court orders payment of Rs. 715 crore to victims of Bhopal gas.
    Kirti Ambani arrested on charges of trying to kill DCM chairman Nusli Wadia.

  • 1991
    Rs. 13,000 crore Sardar Sarovar project cleared by V.P. Singh.
    25 tonnes of gold sent to London to raise $ 200 million to bail bankrupt nation.
    Liberalisation of industrial licencing allowing foreign investment up to 51%.
    MRTP and Companies Act amended to accommodate new industrial houses and expansion of existing ones.
    Import curbs on capital goods relaxed.
    Bill approved to bring PSUs under BIFR.

  • 1992
    OTCEI formed to list equities of small companies.
    Iron and Steel prices decontrolled. India also decides to import one million tonnes of wheat
    for the first time.
    Government raises Suzuki stakes to 50 in Maruti. Maruti becomes first PSU to go private.
    Harshad Mehta arrested in Rs. 10,000 crore Securities scam. Then SEBI Chairman M. N.
    Goiporia forced to quit.
    Foreign institutional investors allowed to enter stock market.

  • 1993
    Rupee became convertible on trade account.
    Delicensing of motorcars and consumer goods.
    Chauhans of Parle sell out to Coke. Coca Cola makes come back.

  • 1994
    NSE set up.
    Air India, IA, ONGC converted to companies.
    Telecome sector opened to private companies.
    Cable TV ordinance issued. Sensex touches all time high of 4,630·54 points.
    Deregulation of lending rates.

  • 1995
    NSE computerises trading operation. Replaces open system of trading with screen-based
    Amendment of Patent Act of 1970 by Patent bill.
    Open general licence list expanded from 43 to 75. Biscuit king Rajan Pillai dies at Tihar Jail.

  • 1996
    Disinvestment commission set up to facilitate disinvestment from PSU’s.

  • 1997
    Labour leader Datta Samant assassinated.
    Then Finance Minister P. Chidambaram announces dream budget. Reduces taxes, import
    tariffs, liberalises investment norms, opens up health insurance to private sector.
    VSNL successfully completes $ 488 million GDR issue. Telco with a turnover of Rs. 10,096
    crore becomes first private company to cross Rs. 10,000 crore in sales.
    Birla-AT & T becomes first telecome services to achieve financial closing. Debt financing
    worth $ 283 million announced.
    Navratna package to empower nine hand-picked PSU’s (BHEL, Bharat Petroleum Ltd., IOC,
    NTPC, HPCL, ONGC, IPCL, SAIL and VSNL) financially to become global giants announced.
    2003 The Competition Act-2002 introduced in India from 14 Jan.,

  • 2003
    The Companies (Amendment) ordinance 2002 introduced from 5 Feb., 2003.

  • 2004
    The Broad Band Service started by BSNL and MTNL for Internet and Communication.

  • 2007
    Baba Kalyani—Businessman of the year, 2006 (By Business India)

  • 2008
    In changing scene in world’s billionaire club, billionaire Anil Ambani has emerged as the
    biggest wealth creator, while famed American investor Warren Buffett has overtaken Software
    King Bill Gates and Mexican Tycoon Carlos Slim to lead the list of World’s richest people
    released by Forbes on March 6, 2008.


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