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4- August-1997	Supreme Court declares that the Rashtrapati Bhavan press communique of 23/1/1992 on a proposal to confer the Bharat Ratna 'posthumously' on Netaji Subhas Chandra Bose "should be treated as cancelled", as the proposal was dropped by the Government in deference to the sentiments expressed by the public and his family members.
6- August-1997	Army confirms social activist Sanjay Ghose's death who was abducted by ULFA.
14- August-1997	Special session of Parliament to commemorate 50 years of independence.
15- August-1997	Freedom fighter's pension to be doubled from the existing Rs. 1,500.
18- August-1997	Shanvac-B, India's first genetically engineered vaccine for Hepatitis B was launched.
21- August-1997	Government extends the provision of the payment of Gratuity Act, 1972 to all those societies and trusts which employed 10 or more people.
24- August-1997	Union Government decides to eliminate the category of 'superfine' variety of rice for procurement.
25- August-1997	10,000 people residing in low lying areas in Gujarat shifted to safer places following incessant rains for two days. Death toll mounts to 265.
25- August-1997	Cabinet approved the draft of the Foreign Exchange Management Act (FEMA) which was to replace the Foreign Exchange Regulation Act (FERA).
26- August-1997	Employee Provident Fund scheme of 1952 amended to ensure that all PF claims are settled within 30 days from the date of receipt of claims by the PF Commissioner.