1988 in India

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1988
in
India
Millennia:
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See also: List of years in India
Timeline of Indian history

Events in the year 1988 in the Republic of India.

Incumbents[edit]

Events[edit]

  • April – Security & Exchange Board of India established to deal with the development and regulation of the securities market and investor protection.
  • The Discount and Finance House of India, set up as a money market institution, commenced operations.
  • July – The National Housing Bank established as an apex body of housing finance and to promote activities in housing development.
  • August – Stock Holding Corporation of India, a depository institution, commenced operations.
  • 21 August – The 6.9 Mw Bihar earthquake shook northern Bihar near Nepal with a maximum Mercalli intensity of VIII (Severe), killing 709–1,450.
  • October – Maximum lending rate abolished. Banks free to charge customers according to their credit record.
  • The National Consumer Disputes Redressal Commission is set up under the Consumer Protection Act of 1986.
  • Voting age reduced from 21 years to 18 years

Births[edit]

Deaths[edit]

Full date unknown[edit]

See also[edit]