The government extends Michael Patras term as RBI deputy governor by one year.

Michael Patra has been reappointed as Deputy Governor of the Reserve Bank of India for a term of one year, effective January 15, 2024, by the Appointments Committee of the Cabinet.Since Patra is a member of the Monetary Policy Committee of the RBI, his reappointment indicates that the central bank will continue to formulate policy.After her initial three-year term ended in January 2023, Patra—who had assumed the role of Deputy Governor in January 2020—was granted a one-year extension.Having worked as a central banker since 1985, Patra oversees the departments of monetary policy, financial markets operations, financial stability, financial markets regulation, and economic and policy research, among others.The RBI's rate-setting body, the MPC, increased interest rates by 250 basis points between May 2022 and February 2023 to control inflation in the face of supply chain disruptions brought on by the COVID-19 epidemic and the Russia-Ukraine war.The central bank has also taken action to remove the substantial amount of cash that was injected into the banking system between 2020 and 21 in an effort to keep borrowing costs low and protect the economy from the COVID problem.The price gauge is still far higher than the RBI's 4% target even if inflation has decreased from the peak levels reached in 2022. However, despite a bleak prognosis for global development, India's economic growth has exceeded predictions.  

The RBI releases the schedule for the appointment and reappointment of statutory auditors for central and state cooperative banks.

Dated: January 15, 2024, Circular No. RBI/2023-24/113 Ref.No.DOS.ARG/SEC.8/08.91.001/2023-24 Guidelines for the appointment of Statutory Auditors (SAs) of State and Central Co-operative Banks (StCBs/CCBs) have been released by the RBI. The rules will take effect on April 1, 2024, and banks will need to request permission in advance before appointing SAs by July 31 of the relevant fiscal year. The rules concentrate on a) Qualification standards a) Evaluate SA performance c) Auditor Independence c) SA Rotation and Tenure.Guidelines for Appointing and Reappointing Statutory Auditors of State and Central Cooperative Banks are released by the RBI. Guidelines for the Appointment and Reappointment of Statutory Auditors of Cooperative Banks have been released by the RBI. The rules will take effect on April 1st, 2024.The Reserve Bank of India (RBI) must give its prior consent before a State Co-operative Bank (StCB) or Central Co-operative Bank (CCB) can appoint, re-appoint, or remove a Statutory Auditor (SA).The requirements for becoming a Statutory Auditors (SAs) When a new SA is appointed, the bank will choose the audit firms that meet the guidelines' requirements from the list provided by NABARD based on the size of the asset relative to the size of the chartered accountants firm and audit experience. The bank will then forward the name(s) of the audit firms that make the short list to RBI in accordance with the following procedure:(i) It will submit an application to RBI containing the names of the audit firms that have been accepted by its Board or ACB. RBI will then issue prior approval, and the process will culminate with the appointment of SA at the concerned bank's AGM. (ii) Should a new SA be appointed, the bank must shortlist a minimum of two audit companies from the NABARD panel for each SA position. (iii) The bank will present the names of the audit companies that made the short list, ranked by preference, to their Board or ACB for "in principle" approval. The bank must apply to RBI for prior approval after receiving Board or ACB clearance. (iv) Banks whose registered office is located in the Mumbai region must apply to the Audit Relation(v) The audit firms that make the short list must provide the bank with a certificate attesting to their compliance with all eligibility requirements set forth by the RBI. (vi) The bank must provide a certificate certifying that the audit firm it is proposing to be appointed as SA complies with all eligibility requirements set forth by RBI in addition to recommending the name or names of audit firm(s).(vii) The bank must include a copy of the Board / ACB Resolution endorsing the name(s) of audit firm(s) in the order of preference, together with information about the bank's total asset size as of March 31st, the preceding financial year (audited data), while applying to RBI for prior approval.    

Heading the India bloc, Kharge is offered a convener role by Nitish

The INDIA bloc's members are split over the selection of Nitish Kumar as convener, but they have acknowledged Mallikarjun Kharge as the opposition grouping's chairman. There are tense relations inside the coalition as a result of Mamata Banerjee's rejection of Kumar's candidacy.In a virtual meeting held on Saturday, all members of the INDIA (Indian National Developmental Inclusive Alliance) bloc endorsed Bihar chief minister Nitish Kumar as convener, with the exception of Trinamool Congress (TMC), and they all accepted Congress party chief Mallikarjun Kharge as the opposition grouping's chairperson, according to people familiar with the details.According to two leaders present during the meetings, the alliance partners decided to withhold their decisions until after West Bengal Chief Minister Mamata Banerjee voiced her opposition to Kumar's candidacy. The figures, who wished to remain anonymous, stated that they have been requested to persuade Banerjee to approve the decision. Chief Minister of Delhi Arvind Kejriwal and Nationalist Congress Party leader Sharad Pawar have been tasked with this task.During the meeting, Kumar stated that he was not interested in becoming convener, but every member—aside from Trinamool—was eager for him to do so. Banerjee's vocal opposition infuriated members of the Janata Dal (United), among them Rajiv Ranjan, the party's former president, also known as Lalan Singh.Please talk to Kharge about this. Following the meeting, Singh informed HT that only he was authorized to speak.Kejriwal and the head of the Congress met separately in person later that evening at Kharge's home. Although neither party would comment on what happened, Congress General Secretary KC Venugopal responded, "It was just a courtesy meeting," when questioned. Gandhi and Kejriwal had never met in person, according to a third source, which was the reason for the meeting. Although they had met before, this was the first time Delhi CM had paid him a visit. This source remarked, "It was an indication of the growing willingness to work together and work out a relationship, coming the day after AAP's bilateral meeting with party representatives."Discussions on controversial states, like as Punjab, West Bengal, and Kerala, where the Congress has local units hostile to a broader alliance, kicked off the virtual gathering. According to one of the individuals mentioned above, Banerjee did not show up for the meeting because she felt that she should have known more than 16 hours in advance of the scheduled meeting.Akhilesh Yadav, the leader of the Samajwadi Party (SP), who had traveled to Delhi the day before, did not attend. MK Stalin, the chief minister of Tamil Nadu, informed the gathering that seat-sharing arrangements in his state could only be finalized after Pongal. Rahul Gandhi, the head of the Congress, told the members of the coalition that he planned to begin his Bharat Jodo Nyay Yatra on Sunday and invited all other parties to take part.Following the discussion of the issues surrounding seat sharing, the matter of selecting a chairperson and convener was raised. Given that the Congress holds the majority of the coalition's seats, Kharge was suggested for the first position. According to one of the leaders mentioned previously, Kharge suggested that Gandhi serve as chair, but Gandhi responded that Kharge was the more qualified candidate.On the convener's standpoint, nevertheless, disagreements surfaced. While Kumar was voicing his concerns, other participants deliberated on whether the declaration ought to be made straight away. Then it was brought up that it wouldn't be suitable because Yadav and Banerjee were both not present and their consent was necessary. Members were then informed that Banerjee had already been informed by Gandhi of Kumar's candidacy and that she had not agreed. The leader added that when this was discussed, Kumar and Singh were present. Other bloc members emphasized that everyone else was in agreement and recommended enlisting Kejriwal and Pawar to convince Banerjee to join them. An infuriated Singh informed the gathering that the JD(U) opposed this selection and that the Congress ought to select a replacement.  

SUCC challenges the governor over the mass appointment move.

Every state has a procedure for filling governorship vacancies that is mandated by the constitution. The lieutenant governor is the highest ranking official in the 45 states that have one. States differ as to whether additional posts in the line of succession are named by statute or in the constitution.The principal governor successor differs among the states without a lieutenant governor's post. The officers listed as the governor's first choice in the event of a vacancy are: the governor of two states' senators (Maine and New Hampshire). Since they hold the position of lieutenant governor ex officio, the state senator presidents of West Virginia and Tennessee are also the first in line. three additional states' secretaries of state: Wyoming, Oregon, and Arizona [1].In general, the second-in-line constitutional rules for the governor's seat are far more complicated than the first-in-line criteria. Typical second-in-lines consist of: The Senate's Pro Tempore President The House Speaker The State Department SecretarySeven states, on the other hand, lack a designated successor, while seven more have a more complicated succession established by law. The duration of absence at which a temporary vacancy turns into a permanent vacancy is typically covered by vacancy procedures. When traveling outside the state or when they are unwell or injured, the governor frequently gives up their position for a short duration. In these situations, the lieutenant governor or the governor's principal replacement typically steps in as a temporary "acting governor."Procedures for openings may also include: whether the person who assumes the governorship has all the authority of the elected governor they succeeded, circumstances in which an appointed governor serves out the remainder of the present term, and circumstances in which a special election is held whether the person chosen to succeed the elected governor needs to be a member of the same party as the governor; whether governors who are leaving office willingly—often in order to take up a more senior position—are allowed to select their own successor How to remove a governor against the governor's will in the event that the governor-elect passes away, resigns, or is otherwise unable to take the oath of office. This covers removal for physical or mental incompetence from office, recall, and impeachment. Lately, Illinois has effectively  

Responding to Kharges probable appointment as INDIA bloc chair, representatives of the BJP and NCP

On January 13, a consensus was reached over the nomination of Congress President Mallikarjun Kharge to head the opposition alliance INDIA.On January 13, a consensus was reached over the nomination of Congress President Mallikarjun Kharge to head the opposition alliance INDIA. The bloc's leaders convened digitally to talk about a range of topics, including the alliance and the upcoming April–May Lok Sabha elections.Following are some responses to the potential appointment of Kharge: Chief of NCP Sharad Pawar The INDIA Alliance met, with Mallikarjun Kharge serving as its chairman. We all agreed to decide on seat sharing as soon as feasible after our talk. Everyone concurred with the suggestion made by some that Mallikarjun Kharge lead the coalition.""A committee was also established to begin planning in the next several days. While it was proposed by everybody that Nitish Kumar assume the role of convenor, he feels that the person in charge should stay in that position."D Raja, General Secretary of CPI "The meeting was productive. Ten of the twelve parties showed up for the meeting. Akhilesh Yadav and Mamata Banerjee were unable to attend the conference. It was discussed to share seats. All members of the INDIA alliance have been instructed to begin the seat-sharing talks and bring them to a quick conclusion. The chief minister of Tamil Nadu said that Pongal will be held in Tamil Nadu after that."The Bharat Jodo Nyay Yatra by Rahul Gandhi was discussed. The topic of who should serve as chair and convener was discussed. It was suggested that Kharge serve as chair. It was decided upon."We're waiting on an official announcement regarding the appointment. The leaders also chose to name Nitish Kumar, the president of JD(U) and chief minister of Bihar, as the bloc's convenor; however, reports said that he had turned down the position. Senior BJP leader Ravi Shankar Prasad declared, "This was bound to happen. I believe a SIT should be established to investigate who took the decision and who rejected the proposal." Sanjay Kumar Jha, the leader of JD (U), stated that Kumar desired the convener to be a member of the Congress.It was suggested that Kharge serve as chair. It was decided upon." We're waiting for an official announcement regarding the appointment. The leaders also chose to name Nitish Kumar, the president of JD(U) and chief minister of Bihar, as the bloc's convenor; however, reports said that he had turned down the position.  

Praveen Vashista (IPS: 1991: BH), Additional Secretary, Ministry of Home Affairs, has an extended tenure that will last until January 14, 2025, plus one year.

New Delhi, January 15, 2024: Praveen Vashista, a 1991-batch IPS officer from Bihar, has been granted an extension of his central deputation tenure as Additional Secretary, Ministry of Home Affairs by the Appointments Committee of the Cabinet. The extension will last for one year after January 14, 2024, or until further orders, whichever comes first.Mr. Praveen Vashista, a Bihar cadre IPS officer from the 1991 batch, has had his central deputation extended for an additional year. At the moment, he works for the Ministry of Home Affairs (MHA) as an Additional Secretary. The Appointments Committee of the Cabinet has accepted the extension of Mr. Vashista's deputation tenure until January 14, 2025, or until further instructions, whichever is earlier, according to a Department of Personnel and Training (DoPT) order released on Saturday, January 13, 2024.Mr. Praveen Vashista, a Bihar cadre IPS officer from the 1991 batch, has had his central deputation extended for an additional year. At the moment, he works for the Ministry of Home Affairs (MHA) as an Additional Secretary.The Appointments Committee of the Cabinet has accepted the extension of Mr. Vashista's deputation tenure until January 14, 2025, or until further instructions, whichever is earlier, according to a Department of Personnel and Training (DoPT) order released on Saturday, January 13, 2024.The Cabinet Appointments Committee has granted permission to extend Shri Praveen Vashista, IPS (BH:91), Additional Secretary, Ministry of Home Affairs' central deputation tenure for an additional year, till January 14, 2025, or until further orders, whichever comes first. This extension will take effect on January 14, 2024.  

$100 million new fundraising round is being considered by Ronnie Screwvalas upGrad: Report

Although the specifics of the next investment round are still being worked out, it seems doubtful that Upgrad's valuation would increase from its prior estimate of $2.5 billion.It's up, Ronnie ScrewvalaThe US-based online learning startup Udacity is being acquired by Grad Education, which is nearing completion. The business is in talks with investors to raise up to $100 million in capital at the same time. The acquisition agreement will be supported with about 80% of the money obtained.Ronnie Screwvala, who owns a 22.4% share in upGrad, is reportedly considering contributing his own money to the upcoming investment round, according to Inc42. According to the publication, upGrad has also requested $50–60 million from outside investors; Temasek and other current investors are expected to provide the remaining sum.While the details of the next round of funding are still being finalized, it is unlikely that upGrad's valuation will rise from its prior estimate of $2.5 billion. In 2023, the Indian edtech industry encountered difficulties, as problems at Byju's lowered investor interest. Rumor has it that upGrad is now attempting to purchase Udacity for about $80 million, which is a little less than the previously stated $100 million.According to reports, upGrad hopes to close the deal during the current fiscal year. "The due diligence process at Udacity is currently in an advanced stage, with appointed law firms actively involved in the ongoing procedures," according to a source. "The upcoming financing arrangements are intricately tied to the Udacity deal." The source went on to say that running the current firm does not currently require outside funding. UpGrad has been aggressively searching for foreign assets to increase its earnings and improve its reskilling services.A different source emphasized the importance of the valuation at which upGrad obtains fresh funding, given the recent global reassessment of edtech valuations. "A flat valuation agreement appears to be pretty favorable at this point. According to media reports, a source stated that companies exhibiting strong revenue growth and distinct routes to profitability have been granted a marginal premium over their prior valuations. UpGrad was founded in 2015 and has funded a total of $365 million, the most recent $36.4 million being from a rights issue in March of that year. Among the notable investors are James Murdoch and Uday Shankar, the former chairman of Star India, through their joint venture, Bodhi Tree. UpGrad recorded a significant 96% rise in income for the fiscal year that ended in March 2023, reaching Rs 1,194Even though the US-based company's enterprise division generates the majority of its income, keeping customers has proven to be a difficult task. Sebastian Thrun founded Udacity, which was valued at $1 billion in 2015 following the acquisition of $105 million in capital from investors including Scotland's Baillie Gifford and Germany's Bertelsmann. Among its noteworthy investors is Andreessen Horowitz, popularly known as a16z, in Silicon Valley.In addition to founding Udacity, Sebastian Thrun is credited with founding Google X, where he worked on innovative initiatives including Google Glass and self-driving cars. In a recent statement about the FY23 financials, UpGrad's co-founder and managing director, Mayank Kumar, said that the company is still committed to looking into both organic and inorganic expansion opportunities.  

Saurabh Vats is welcomed as deputy MD at Nissan Motors.

Saurabh Vatsa, a seasoned veteran of the automotive sector, moved from Stellantis to Nissan Motor.Saurabh Vatsa has been appointed as Deputy Managing Director by Nissan Motor India, with effect from January 15. In this capacity, Saurabh is in charge of assisting the leadership of Nissan's transformation strategy and getting the business ready for the company's upcoming phase, which is scheduled to begin in 2023.We are pleased to announce that Saurabh Vatsa has become a Deputy Managing Director at Nissan Motor India Private Limited. Having worked with some of the top automakers in the business, Saurabh brings a plethora of knowledge and experience to the table. A post on Linkedin states, "He will play a key role as the company gets ready to deliver on the Mid Term Plan (MTP) and drive into our Ambition 2030 goals."Having worked with some of the top automakers in the business, Saurabh brings a plethora of knowledge and experience to the table. Saurabh was the Citroen Brand Head for India at Stellantis in his prior position. He has held several roles at Daewoo Motors, General Motors, and GM Korea Company, among other companies.Nissan Motor India said on Monday that Saurabh Vatsa has been appointed as the Deputy Managing Director, starting immediately. He will support the company's ongoing transformation goal and report to Managing Director Rakesh Srivastava, the manufacturer stated in a statement.Nissan Motor India said on Monday that Saurabh Vatsa has been appointed as the Deputy Managing Director, starting immediately. The manufacturer announced in a statement that he will work with managing director Rakesh Srivastava to carry out the company's ongoing transformation goal.The hiring is a reflection of the company's transformation plan to match the opportunities and difficulties that the Indian automotive industry faces, it said in its entirety.Vatsa joins Nissan from Stellantis, where he was a member of the Stellantis leadership team and oversaw the Citroen brand from its introduction in India. Nissan India Operations President Frank Torres stated, "His (Vatsa) appointment underpins our commitment to invest USD 600 million (Rs 5,300 crore) in India as part of the Alliance and introduce more products for the Indian consumer as part of the transformation plan."  

Maheshwar Rao M, an IAS official, is named MD by BMRCL.

Maheshwar Rao, an IAS officer, has been named the new Managing Director of Bangalore Metro Rail Corporation Limited (BMRCL), with immediate effect. Rao will take over from Anjum Parvez, who was appointed by the state government in 2023 and is currently working as the Additional Chief Secretary (CS) of Rural Development and Panchayat Raj (RDPR) full-time.Rao offers more than 15 years of industry experience to his current position. He will take the lead in BMRCL's initiatives to improve public transportation, lessen vehicular pollution, and ease traffic in Bengaluru. Rao previously worked for the Department of Industries and Commerce as the Director of Industries & Commerce and Commissioner of Industrial Development. In addition, he served as the state government's Deputy Commissioner and District Magistrate, supervising all district administrative duties in Dakshina Kannada and Mandya. Rao is an IAS officer from the 1995 batch. He has four degrees: a master's in public management from NUS & Harvard University, a bachelor's degree in mathematics, economics, and statistics from Nizam College, Hyderabad Central University, and a master's degree in economics (Econometrics and Growth) from the University of Hyderabad."Shri M Maheshwar Rao, IAS, assumed charge as Managing Director, Bangalore Metro Rail Corporation Limited today (12.01.2024)," read the official statement that was sent through regional newspapers. He was employed at the Department of Space in Bengaluru as an additional secretary and financial advisor before this. Sri M. Maheshwar Rao has degrees from Nizam College, Hyderabad Central University, in mathematics, economics, and statistics for his bachelor's degree; the University of Hyderabad awarded him a master's degree in economics; and NUS & Harvard University awarded him a master's degree in public management. at the Karnataka government, he held a number of roles, including Deputy Commissioner at Hassan, Mangalore, Belagavi, and Mandya. Additionally, he served as the Managing Director of Karnataka Power Corporation Ltd. and Karnataka State Industrial Investment and Development Corporation. Additionally, he served as the Labour andRao will spearhead BMRCL's growth and expansion. The company recently had over 2 crore ridership and INR 55 crore in revenue. He will be in charge of carrying out the approved phase 3A and 3B of the state's metro line development.  

The CMD of Electronics Corporation of India Limited is Anurag Kumar.

Electronics Corporation of India Limited appointed Anurag Kumar as its chairman and managing director (ECIL). Kumar's nomination to the position is approved by the Appointments Committee of the Cabinet (ACC) to his superannuation date of January 31, 2026. Kumar has been appointed to the position of CMD of ECIL for a period of time, effective from the date he assumed charge of the post until his superannuation date, which is January 31, 2026, or until further orders, whichever is earlier, per an order from the Department of Personnel & Training (DoPT). Visit Bankersadda.com/Daily-Current-Affairs/11th-January-2023/ to learn more. According to a Personnel Ministry decision, Anurag Kumar was named the Chairman and Managing Director of Electronics Corporation of India Limited (ECIL) on Monday. Kumar is the Executive Director of ECIL at the moment. According to the order, Kumar's nomination to the position has been confirmed by the Appointments Committee of the Cabinet (ACC) through his superannuation date of January 31, 2026. PTI TAGS: #CMD #ECIL #Anurag Kumar FIRST PUBLISHED: JAN 9, 2023 09:10 PM Get the most recent information on Nifty, Sensex, and business news. Get tax questions answered, personal finance insights, and professional advice on Moneycontrol. Download the Moneycontrol App to keep informed! Beyond the Ayodhya Ram Mandir, India's seven most breathtaking Ram temples It is appropriate that the nation's attention is now focused on Ayodhya and the opening of the Ram Mandir.  

The new Prime Minister and Vice-President of Gabon are named.

President Ali Bongo of Gabon has named Rose Christiane Ossouka Raponda, the nation's first female prime minister, as vice president and nominated a new prime minister to succeed her. In a video statement released on the president's Twitter account, Bongo's secretary general Jean-Yves Teale announced that former minister Alain-Claude Bilie By Nze will take Ossouka Raponda's position and create a new administration.President Ali Bongo of Gabon named a new prime minister to succeed Rose Christiane Ossouka Raponda, the nation's first female prime minister, and elevated her to the position of vice president on Monday.President Ali Bongo of Gabon named Rose Christiane Ossouka Raponda, the nation's first female prime minister, as vice president and designated a new prime minister to succeed her. For all banking, SSC, insurance, and other exams, get the Prime Test Series. After her predecessor resigned in July 2020, Ossouka Raponda, then fifty-nine, was appointed. Prior to it, she was Minister of Defense. Prior to being elected mayor of the capital Libreville in 2014—and being the first woman to hold that office since 1956—Ossouka Raponda was nominated Minister of the Budget in 2012. After a coup attempt in 2019, she was forced to negotiate a challenging political landscape as prime minister while Bongo was on extended medical leave due to a stroke. In a video statement released on the president's Twitter account, Bongo's secretary general Jean-Yves Teale announced that former minister Alain-Claude Bilie By Nze will take Ossouka Raponda's position and create a new administration.About Gabon: Gabon is a nation located on Central Africa's western coast. Situated on the equator, its boundaries are shared by the Republic of the Congo on the east and south, Equatorial Guinea to the northwest, Cameroon to the north, and the Gulf of Guinea to the west. Coastal plains, a savanna in the east, and mountains—the Cristal Mountains and the Chaillu Massif in the center—are present.  

The National Science Day 2023 theme was revealed by Union Minister Dr. Jitendra Singh.

At the National Media Center, Union Minister of State for Science and Technology Dr. Jitendra Singh announced the theme for "National Science Day 2023," "Global Science for Global Wellbeing." Prime Minister Narendra Modi received a heartfelt thank you from Union Minister of State Science and Technology, Minister of State Earth Sciences, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh, for his careful direction on the theme, subject, and activities on National Science Day. Every year on February 28th, National Science Day is observed in India to commemorate the day that Indian physicist CV Raman discovered the Raman Effect in 1928. Visit Bankersadda.com/Daily-Current-Affairs/11th-January-2023/ to learn more."Global Science for Global Wellbeing" is the theme that Dr. Jitendra Singh unveiled at the National Media Center for "National Science Day 2023".At the National Media Center, Union Minister of State for Science and Technology Dr. Jitendra Singh announced the theme for "National Science Day 2023," "Global Science for Global Wellbeing. " Prime Minister Narendra Modi received a heartfelt thank you from Union Minister of State Science and Technology, Minister of State Earth Sciences, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh, for his careful direction on the theme, subject, and activities on National Science Day.The Bank Maha Pack consists of eBooks, Test Series, Video Lectures, and Live Batches. The National Science Day 2023 theme was released by Union Minister Dr. Jitendra Singh. The theme of "Global Science for Global Wellbeing" fits in wonderfully with India's assumption of the G-20 Presidency, according to Dr. Jitendra Singh. Under Prime Minister Narendra Modi, India has gained international recognition in theCommunity of Nations and is prepared for goal-oriented international cooperation to address global issues. Every year on February 28th, National Science Day is observed to honor the discovery of the "Raman Effect." In 1986, the Indian government declared February 28 to be National Science Day. This day marks the announcement by CV Raman of the "Raman Effect" discovery, for which he received theConcerning National Science Day Every year on February 28th, National Science Day is observed in India in remembrance of Indian physicist CV Raman, who on that day in 1928 discovered the Raman Effect. In 1930, he received the Nobel Prize. The purpose of National Science Day is to raise awareness of the value of science and its application to everyday life. It is a time to appreciate all that science has accomplished to benefit human wellbeing, including projects, initiatives, and accomplishments.