Republic Day!

Significance:
Inception of Constitution of India

Republic Day honours the date on which the Constitution of India came into effect on 26 January 1950
with a democratic government system, completing the country's transition towards becoming an independent republic.

‘Independent Sovereign India’ were the words which were part of the Rules of Procedure drawn up by a Committee, suggested by Jawahar Lal Nehru, in the first few sittings of the Constituent Assembly. The word ‘Republic’ had no role to play by then and on the fifth day of the sitting, Nehru passed a resolution to insert the term which, had to be read as, This Constituent Assembly declares its firm and solemn resolve to proclaim India as an Independent Sovereign Republic and to draw up for her future governance a Constitution.

Why 26 January?

Since it was on this day in 1930 when Declaration of Indian Independence (Purna Swaraj) was proclaimed by the Indian National Congress as opposed to the Dominion status offered by British Regime.

Celebration:
Parades, distribution of sweets in schools, speeches and cultural dances

- DC

P.S.
A republic (Latin: res publica) is a form of government in which the country is considered a "public matter", not the private concern or property of the rulers. The primary positions of power within a republic are not inherited, but are attained through elections expressing the consent of the governed.