March 7 : There is nothing more dreadful than the habit of doubt.

On this day, 07 Mar....

1530 - King Henry VIII's divorce request is denied by the Pope. Henry then declares that he, not the Pope, is supreme head of England's church.

1799 - The Royal Institution in England was founded. Fifty-eight gentlemen had agreed to contribute fifty guineas each to be a Proprietor of a new 'Institution for diffusing the knowledge and facilitating the general introduction, of useful mechanical inventions and improvements; and for teaching, by courses of philosophical lectures and experiments, the application of science to the common purposes of life'.

1854 - Charles Miller of St. Louis, patented the first U.S. sewing machine to stitch buttonholes.

1897 - Dr. John Kellogg served the world's first cornflakes to his patients at a mental hospital in Michigan. These were an unsweetened addition to the diets of his patients, who suffered from a variety of ailments, which he believed could be cured by a strict vegetarian diet and vigorous exercise. In 1906, his brother, Will Keith Kellogg, added sugar to the recipe and began marketing them as a breakfast food. Dr. Kellogg so thoroughly disapproved of this development that he sued Will in a fruitless attempt to keep the Kellogg name off of mass-produced breakfast cereals.

1933 - The game Monopoly was created and trademarked by Charles Darrow in Atlantic City. It was preceded by other real estate games. The first, called The Landlord's Game, was invented by Lizzie Magie of Virginia (patented 1904).

1987 - Gavaskar becomes 1st cricket batsman to score 10,000 Test runs.

1994 - U.S. Navy issues a 1st permanent order assigning women on the combat ship.

1996 - Indian Union Cabinet clears decks for extending benefits of reservation to Dalit Christians.

Born

1955 - Anupam Kher, actor.

RIP

1952 - Paramahansa Yogananda, Indian guru.

1961 - Govind Ballabh Pant. He had served eight years as the Chief Minister of Uttar Pradesh. He was bestowed with Bharat Ratna in 1959.

2012 - Ravi (Shankar Sharma), film score composer. He gave lilting music in films like Chaudhvin Ka Chand. Do Badan, Hamraaz, Ankhen, Waqt, Neel Kamal, Gumraah, and Nikaah. He won Filmfare awards for Gharana and Khandan.

Titbits

1908 - Cincinnati Mayor Mark Breith stood before city council and announced, "women are not physically fit to operate automobiles".

2011 - The most expensive painting ever auctioned, 'Nude, Green Leaves and Bust', by Pablo Picasso, goes on display in London's Tate Gallery.

You may have known....

Growing nearly 35 inches in a day, bamboo is the fastest growing plant in the world.

Economic news

Stock indices tumbled after central agencies widened the PNB fraud by summoning up executives of leading private sector banks.

Serious fraud investigation office summons bosses of ICICI bank and Axis bank, to get the detail of their exposure to firms promoted by Nirav Modi and Mehul Choksi.

In the next meeting of GST council GSTR 3B may be extended by 6 months, invoice matching and return filing may be simplified, E-waybill may spare small orders.

Traders across export focused sectors with a significant business presence in US are wary of higher import tariffs.

Safeguards authority issues notices on GST profiteering in 53 cases.

Authority of advance ruling said individuals who are non residents according to income tax don’t need to pay tax on salary received in india.

Nirav bankruptcy files may offer clues to where the money went in the Rs12622 PNB fraud.

Bandhan bank gets the Sebi nod for Rs 2500 crore IPO.