1989 in India

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1989
in
India
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See also: List of years in India
Timeline of Indian history

Events in the year 1989 in the Republic of India.

Incumbents[edit]

Events[edit]

  • 14 February – Union Carbide agrees to pay USD $470 million to the Indian government for damages it caused in the 1984 Bhopal Disaster.
  • March - Certificate of Deposit and Commercial Paper introduced to widen the monetary instruments and give investors greater flexibility.
  • April - Amendment to Banking, Public Financial Institution and Negotiable Instruments Laws enacted to encourage the culture of use of cheques in India. It introduced penalties for the dishonour of cheques.
  • Service Area Approach for rural lending became operational.
  • 1 July - CRR raised to 15% taking statutory preemptions of banks' resources in the form of the Statutory Liquidity Ratio and the Cash Reserve Ratio to over 53%.
  • 15 November - Sachin Tendulkar makes his debut in international cricket.
  • 2 December – V.P. Singh becomes the Prime Minister of India after Lok Sabha elections.
  • 8 December – 1989 kidnapping of Rubaiya Sayeed

Births[edit]

Deaths[edit]

See also[edit]