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Historical Event on 5/1/1995
SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.

Other Historical Dates and Events
5/12/1999	Arunachal Pradesh Governor refuses to quit.
12/12/1961	Portuguese civilians are evacuated amid fears of an Indian troop invasion at Goa, Daman and Diu.
11/15/1911	First meeting of the governing body of the Indian Research Fund Association (IRFA) was held at the Plague Laboratory, Bombay, under the Chairmanship of Sir Harcourt Butler.
3/31/1997	Forex reserves touch a record $ 22.36 billions.
6/1/1790	A treaty was signed between Marathas, Britishers and Nizam.
9/6/1965	Full scale warfare broke out all along the international border between West Pakistan and India. Pakistani troops advanced towards the Indian town of Akhnur in Kashmir and Pakistani paratroopers raided Punjab.
3/26/1996	The 3-day old Hazratbal shrine crisis ends, as the militants holed up in the shrine come out of it.
5/26/1957	Janta Insurance Scheme was inaugurated in Bombay.
6/1/1964	Nava Paisa, established in 1947, was renamed as 'Paisa'.
6/2/1975	India's First Spunge Iron project inaugurated at Vijaywada.

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Historical Event on 5/1/1995 SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.

Historical Event on 5/1/1995
SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.