1988 in India

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

Events in the year 1988 in the Republic of India.

Incumbents

Governors

Events

  • 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.
  • August - Floods in Punjab, Haryana
  • 21 August – The 6.9 MwBihar 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 to 18 years
  • 26 December - caste violence between Kapus and Kammas erupts in costal districts of Andhra Pradesh following death of a Congress I M.L.A named Ranga Rao.[1]

Births

Deaths

Full date unknown

See also

References

  1. Menon, Amarnath K. (31 January 1989). "Congress(I) MLA murder triggers off caste violence in four Andhra Pradesh coastal districts". India Today. Retrieved 4 February 2021.
  2. Arjun (25 December 2009). "Merry days are here". The Hindu. Chennai. Retrieved 21 December 2011.