Yom Ha'atzma'ut - Israel Independence Day Meaning. On 5th Iyyar I948, the elected and representative Jewish leaders in Palestine proclaimed the establishment of the State of Israel. The birth of the third independent Jewish State in history was brought about after several decades of intensive Zionist efforts culminating in the historic 1947 declaration of the United Nations in favor of a Jewish State in Palestine. Thus the 2000 years of Jewish prayer, hope and waiting for national return to an independent homeland were at last realized. Observance. The anniversary of the declaration of Israel independence is celebrated as Yom Ha'atzma'ut (Independence Day), and the rabbinic authorities have allowed a relaxation of the laws of semi-mourning which are traditionally observed during that part of the "Sephira" so that Independence Day can be celebrated as a joyous holiday. The main center of festivities is naturally in Israel, although Jewish communities the world over feel closely bound to the problems and achievements of the State. Independence Day is now a notable day in the calendar of Jewish people all over the world. The regular features of organized celebrations for the day include special services of thanksgiving and youth displays that portray aspects of Israeli life. In Israel Yom Ha'atzmaut is observed as a public holiday. Special prayers, parades, picnics, a national Bible Quiz, national and local ceremonies (including the awarding of the prestigious Israel Prize) are but just some of the activities to mark this day.