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In India this was the year of profound importance. It was the year, from which the political discourse of India started to change, with events that heralded the rise ofHindu nationalism,Kashmir militancy,Mandal Politics,Indian cricket etc.[3][4][5] and marked the shift from era ofsingle party rule to decades ofcoalition governments ahead. In socio-political discourse of country, this was a year which started the shift of,sense of history in minds of people from a consensus based one that emerged post 1947 to contested one that emerged along withRam Janmabhoomi Andolan.[6][7][8]
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.
April – Service Area Approach for rural lending became operational.[17]
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.[22]Sachin Tendulkar, who made his debut ininternational cricket on 15 November 1989, went on to become one of the most renowned Indian cricketer around the world.
^Rebec, Nicole; Wasserstrom, Jeffrey (2015), McNeill, J. R.; Pomeranz, Kenneth (eds.),"1989 as a year of great significance",The Cambridge World History: Volume 7: Production, Destruction and Connection 1750–Present, The Cambridge World History, vol. 7, Cambridge: Cambridge University Press, pp. 376–398,doi:10.1017/cbo9781316182789.017,ISBN978-0-521-19964-3,archived from the original on 17 June 2018, retrieved31 January 2021{{citation}}: CS1 maint: work parameter with ISBN (link)
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