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Diwali is a festival of lights. It is a major Indian festivals which is celebrated by Hindus and Sikhs. The lights or lamps signify victory of good over the evil( spiritual Darkness) within every human being.
In an agrarian society this results in businessmen closing accounts, and beginning a new accounting year. The deity of wealth in Hinduism, Goddess Lakshmi is therefore thanked on this day and everyone prays for a good year ahead. This is the common factor in Diwali celebrations all over the Indian subcontinent.
In Northern India it is the homecoming of King Rama of Ayodhya after a 14-year exile in the forest.The people of Ayodhya (the capital of his kingdom) welcomed Rama by lighting rows (avali) of lamps (deepa), thus its name, Deepawali, or simply shortened as Diwali. Southern India marks it as the day Lord Krishna defeated the demon Narakasura. In western India it is also in honor of the day King Bali went to rule the nether-world by the order of Vishnu. (There is another festival 'Onam' which is celebrated in Kerala around the month of August to mark this legend).
The Sikhs have always celebrated Diwali; however, its significance for Sikhs increased when, on this day, the Sixth Guru, Guru Hargobind Ji, was freed from imprisonment along with 52 Hindu Kings (political prisoners) whom he had arranged to be released as well.
It is celebrated on New moon day of Kartika, although the celebrations begin two days prior and end two days after that date.
Hope this info is helpful.
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