February27

Rupee made fully convertible in Man Mohan Singh's third successive budget.

Union Budget presented. Fiscal deficit cut to 4.4 per cent.

Great fire in Bombay.

Vishnu Waman Shirwadkar 'Kusumagraj', great Marathi poet, play-wright, novelist and Bhartiya Gyanpeeth Awardee, was born.

Lawrence Durrell, Britsh writer (Alexandria Quartet, Private Country), was born in Darjeeling, India. .

Paddy Ashton, first leader of Britain's Social and Liberal Democrat Party, was born in New Delhi, India.

Chandrashekhar Azad of Hindustan Republican Army shot himself to avoid British police arrest at Alfred Park, Allahabad.

UN Secretary General Javier Perez de Cuellar recieved the Jawaharlal Nehru award for International Understanding.

Suresh Kalmadi, Minister of State for Railways, presents vote-on-account railway budget; 1995-96 Economic Survey shows 6.3\% growth in GDP; 20\% interim relief for newspaper employees announced by govt.

G. V. Mavlankar, first speaker of Lok Sabha, passed away.

Polls in Pondicherry and eight states.

Narasimha Rao elected Congress (I) President in the party poll held after a gap of 20 years.

Samir Ranjan Barman, Tripura CM, resigns.

In the Jain hawala case, non bailable warrants of arrest issued against 10 politicians including BJP leader L.K. Advani, former Dy. PM Devi Lal and former Union Ministers.

Manmohan Singh presents the vote-on-account as part of the interim budget in Lok Sabha for 1996-97 with a Rs. 5000 crore deficit.

CBI arrests godman Chandraswami for alleged offences in violation of Foreign Contributions (Regulation) Act, 1976.