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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
8/9/1966	Heroes of the 1942 movement were honoured at a rally in Red Fort.
5/17/1897	Dhirendra Varma, famous linguist, was born.
12/21/1999	Kushabhau Thakre, BJP president, said that Ayodhya issue was a 'programme' and not an ideology of the party.
2/2/1921	Mukundrao Kirloskar was born.
3/18/1948	Socialist Party of India (SPI) disassociates itself from the Congress.
12/10/1913	The Nobel prize for literature was awarded this year to Rabindranath Tagore, the Bengali poet from India.
11/24/1989	Tendulkar scores a record cricket test 50 aged 16 years 214 days.
12/29/1989	Prasar Bharati Bill and Lok Pal Bill introduced in Lok Sabha.
2/4/1991	An abortive bid to hijack a Calcutta-Agartala flight by a 24-year old youth.
1/27/1970	Probir Sen, cricketer, 20 catches & 11 stumpings and 14 Tests for India, passed away.

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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.