1989 in India

1989
in
India

Millennia:
Centuries:
  • 18th
  • 19th
  • 20th
  • 21st
Decades:
  • 1960s
  • 1970s
  • 1980s
  • 1990s
  • 2000s
See also: List of years in India
Timeline of Indian history

Events in the year 1989 in the Republic of India.

Incumbents

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

Deaths

See also

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