The Imperial Bank of India (IBI) was the oldest and the largest commercial bank of the Indian subcontinent and was subsequently transformed into State Bank of India in 1955.

On July 15th 1955, Pandit Jawaharlal Nehru, India’s first Prime Minister, was awarded the Bharat Ratna (India’s highest civilian honour) by then President Rajendra Prasad.  Nehru invested a lot of his energy into the emancipation of children and the youth. Jawaharlal Nehru played a great role in moulding the policies and ideology of the Congress party and till today remains a popular icon of the party. 

32 people were shot dead and over 225 injured in the 1955 Goa Satyagraha.  On 13 June 1955, the working committee of the Jan Sangh met and decided to intervene in Goa. They planned to carry out a series of Satyagrahas from June to August 1955. The moment they set foot in Goa, the Portuguese pounced on them. They were abused, beaten and tortured.

CIRUS (Canadian-Indian Reactor Uranium System) was a research reactor at the Bhabha Atomic Research Center (BARC) in Trombay near Mumbai, India. CIRUS was supplied by Canada in 1954, but used heavy water (deuterium oxide) supplied by the United States. It was the second nuclear reactor to be built in India.

Shree 420. Shree 420 is a 1955 Hindi film, directed and produced by Raj Kapoor, written by Khwaja Ahmad Abbas, and starring Raj Kapoor and Nargis. Shri 420 is the tale of a country boy, Raj (Raj Kapoor), who travels to the big city to earn a living. He falls in love with the poor but virtuous Vidya (Nargis), but is soon seduced by the riches of a freewheeling and unethical lifestyle presented to him by an unscrupulous businessman Seth (Nemo) and the sultry temptress Maya (Nadira).

Devdas is a 1955 Indian Drama movie directed by Bimal Roy, based on the Sharat Chandra Chattopadhyay novel, Devdas. The film had Dilip Kumar in title role, Vyjayanthimala in her first dramatic role where she played as Chandramukhi, hooker with a heart of gold and Suchitra Sen in her Bollywood debut as Parvati in the lead.

Pather Panchali: The first film of Satyajit Ray which is still regarded as one of the landmark cinema in the Indian Cinema. The film had found special mention due to its various cinematic, technical intriductions. The first film in the Apu trilogy, Pather Panchali depicts the childhood of the protagonist Apu and his elder sister Durga and the harsh village life of their poor family.