1989 in India
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Events in the year 1989 in the Republic of India.
Incumbents
- President of India – R. Venkataraman
- Prime Minister of India – Rajiv Gandhi until 2 December, V. P. Singh
Events
- 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
- 2 September - Ishmeet Singh Sodhi, winner Amul STAR Voice of India in 2007 (died 2008).
- 2 April - Midhun Jith, Guinness World Record Breaker and World Kickboxing Champion
- 21 December - Tamanna Bhatia, actress.
Deaths
- Murad, actor (born 1904).
- Tarkeshwar Pandey, politician (born 1910).
See also
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