RBI eases credit policy, lending rates reduced from 6 to 4; 13\% interest ceiling on deposits.
Srinivasaraghavan Venkataraghavan, cricket (Indian off-spinner, Test umpire, ICC referee), was born in Madras. He received Arjun Award (1971).
The first indigenously built missile cruiser boat, 'Vibhuti', was inaugurated and launched.
UN Secretary-General Boutros Boutros-Ghali visits New Delhi.
India announces establishing proof in Pakistan's complicity in Bombay bomb blasts.
The services of 12 non-railway chairmen of Railway Recruitment Boards are terminated.
Buhlul Khan Lodi, an Afghan and founder of Lodi dynasty, ascends the throne of Delhi and displaced the Alam Shah of Syed dynasty.
Mughal conqueror Babur Shah (1483-1530) defeats Ibrahim Lodi II, the Lodi Sultan of Delhi, and captures Delhi and the Koh-i-noor diamond, in the First Battle of Panipat. He founded the Mughal dynasty in India (1526-1761), consolidated by his grandson Akbar.
Medium range 'Akash', surface-to-air-missile, flight trial successful.
Preview show of 'Raja Harishchandra' was held on April 21 at Olympia Cinema.
Malayalam sweeps national film awards. Mammootty, Shobhana best actor and actress; T.V. Chandran best director; Buddadeb Das Gupta's Bengali 'Charachar' adjudged best film.
Peshwa Balaji Vishwanath passed away and was succeeded by his son Peshwa Baji Rao I. He was a great soldier and General.
Hastmalji Maharaj, Jainbhumi parampujya, passed away.
Avadi session of the Indian National Congress adopts a socialistic pattern of society for India.
Inder Kumar Gujaral sworn as the 12th Prime Minister of India, along with old council of ministers in the H. D. Deve Gowda govt. minus Tamil Maanila Congress Minister and D. P. Yadav of Janata Dal.
Ashok Kumar, Special Secretary, Union Home Ministry, who headed a Central team to Tamil Nadu to assess the law and order situation, was transferred to the Planning Commission.