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Historical Event on 12/16/1971
Bangladesh was formed. President Yahya Khan of Pakistan changed his position dramatically and announced he would accept a ceasefire with India. After his forces in East Pakistan surrendered unconditionally, Yahya Khan vowed to keep fighting in the West against his political enemy. His reversal today undermines his administration, and there are growing indications he will step down as head of the military government. Yahya has already been criticized for his brutal repression of the Bengali separatist movement, which has renamed East Pakistan as Bangladesh. It appears that the separatists may actually benefit from the fighting, because India has managed to defeat most of Yahya's military forces in East Pakistan.

Other Historical Dates and Events
3/20/1602	United East India Company of the Netherlands i.e. Dutch East India Company was chartered by States-General of Holland. During its 96-year history, it became one of the world's most powerful companies.
1/28/1999	Central Zone won the Deodhar Trophy, defeating South in their final in Agartala.
2/28/1998	The third and final phase of polling is held in 131 Lok Sabha constituencies in 10 States and one Union Territory.
5/10/1996	PM P.V. Narasimha Rao and his Council of Ministers resign.
9/14/1997	Fire and explosions devastate terminals and storage tanks at Visakh Refinery of Hindustan Petroleum Corporation. Toll put at 51.
4/3/1999	India's INSAT-2E multipurpose telecommunications satellite is successfully launched from the Kourou space station in French Guyana.
10/15/1921	Gul Muhammad, cricketer (Indian & Pakistani batsman), was born in Lahore.
1/17/1992	Shankar Ramchandra (Mamrao Date), veteran journalist, passed away.
10/13/1971	Hitesh Modi, cricketer (Kenyan left-handed batsman 1996 World Cup), was born.
4/1/1995	Open General Licence (OGL) list expanded from 43 to 75 as import of consumer goods liberalised.

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