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1- May-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.
9- May-1995	Militants set Charar township on fire in the vicinity of the Charar-e-Sherif shrine. More than 1,000 houses burnt.
9- May-1995	Two new gas and oil reserves found off the Gujarat and Bombay coast.
11- May-1995	In central Kashmir, militants burnt the Charar-e-Sherif shrine (the tomb of Sufi saint Sheikh Noorudin Noorani) built in 1460 by Zain-ul- Abidin.
12- May-1995	India refused to sign NPT in its present discriminatory form.
17- May-1995	Three North Eastern States removes restricted area permits (RAP).
30- May-1995	Notification issued for the constitution of Jharkhand Autonomous District Council.