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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
5/13/1949	Maharashtra Granthalay Sangh was established.
3/3/2000	Nitish Kumar, Samata Party leader, sworn in Bihar Chief Minister. Governor V.C. Pande's decision evokes widespread criticism.
3/16/1945	Ganesh Damodar Savarkar, who was a revolutionary and brother of Swatantriya Veer Vinayak Damodar Savarkar, passed away.
2/1/1988	The first Congress of the Indian Dental Association begins. (28-1-88).
10/17/1994	Kapil Dev's last one-day international vs West Indies.
1/27/1931	Mahatma Gandhi was released from jail, ending eight months of imprisonment for his campaign of civil disobedience against British rule. To avoid demonstrations, Gandhi was released late in the evening from the Yerovda jail and put on a night train to Bombay. There was hope in British circles that the release of Gandhi would end the strife and lead to discussions of dominion status. Gandhi made clear, however, that he would persist in his civil disobedience campaign.
3/10/1998	B. B. Lyngdoh of the United Democratic Party is sworn in Chief Minister of Meghalaya. The 12-day-old Congress(I) Ministry resigned following the failure of the party nominee to be elected as Speaker.
1/26/1997	Delhi becomes the first state in India to enforce a ban on smoking in all public places.
4/11/1999	India successfully test-fires the extended range ''Agni-II'' missile, bridging a key gap in its minimum nuclear deterrent profile.
7/24/1997	Country's highest civilian honour Bharat Ratna conferred on former interim Prime Minister Gulzarilal Nanda and posthumously on freedom-fighter Aruna Asaf Ali.

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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).