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1- July-1996	RBI reduces cash reserve ratio to 12\%.
3- July-1996	25 to 30\% hike in prices of petroleum products.
10- July-1996	Budget session of Parliament begins.
12- July-1996	Ram Vilas Paswan presents railway budget 96-97 with 10\% hike in freight and upper class journeys.
18- July-1996	Union Finance Ministry gives final clearance to the Enron power project in terms of issuance of counter-guarantee.
22- July-1996	1996-97 budget presented to Parliament by Finance Minister P. Chidambaram.