This day, that year: Subhas Chandra Bose creates the Forward Bloc

A visitor looks at a picture of Subhas Chandra Bose, former leader of the Indian National Army, at a museum in Kolkata, India, October 16, 2015. Prime Minister Narendra Modi says he will seek to unravel one of India's most enduring mysteries surrounding the independence struggle, the latest salvo in a growing history war that could undermine the opposition Congress party.The fate of Subhas Chandra Bose, leader of the Indian National Army which collaborated with the Japanese and Germans against the British in World War Two, has remained a riddle for seven decades. REUTERS/Rupak De Chowdhuri - RTS4QI2

While one shouldn't dwell in the past, it shouldn't be forgotten either for it shapes events which play out in the future. Moneycontrol takes a look at some of the crucial episodes on June 22, which had a bearing on the fortunes of India and the world.

On this day in 1940, All India Forward Bloc (AIFB), a regional political party, was founded by Subhas Chandra Bose. It was a revolutionary party with a leftwing nationalist ideology.

The Nagpur Conference of the Forward Bloc was held from June 18-22 1940. Bose, as the President of the political party, resolved to win Purna Swaraj or complete independence for India. The formation of the Bloc remains a historic episode as it acted as a catalyst in India's freedom struggle.

Let's go back in time and see what else happened on this day in history: