Diwali is celebrated by Hindus, Jains, and Sikhs and some Buddhists to mark different historical events, stories but they all symbolise the victory of light over darkness, knowledge over ignorance, good over evil, hope over despair.

The mythical stories told for Diwali vary regionally and within the traditions of Hinduism. Yet, they all point to joy and the celebration of Diwali with lights to be a reminder of the importance of knowledge, self-inquiry, self-improvement, knowing and seeking the good and the right path. It is a metaphor for resisting evil, for dispelling darkness and for compassion to others. Diwali is the celebration of this inner light over spiritual darkness, of knowledge over ignorance and right over wrong. It is a festive restatement of the Hindu belief that the good ultimately triumphs over evil.

The religious significance of Deepavali varies regionally within India, depending on the school of Hindu philosophy, regional, legends, and beliefs.

Hindus across the world celebrate Diwali in honor of the return of Lord Rama his wife Sita and his brother Lakshmana from exile of 14 years after Rama defeated Ravana. To honor the return of Lord Rama, Sita and Lakshmana from Lanka and to illuminate their path, villagers light Diyas to celebrate the triumph of good over evil.

Furthermore, Deepavali is linked to the celebration of Lakshmi, who is venerated amongst Hindus as the goddess of wealth and prosperity and is the wife of Lord Vishnu. The festival of Diwali begins on the day Goddess Lakshmi was born from the churning of cosmic ocean of milk by the Devas (gods) and the Asuras (demons); while the night of Diwali is the day Lakshmi chose Vishnu as her husband and they were married.

These Four Days

Each day of Diwali has its own tale, legend and myth to tell. The first day of the festival Naraka Chaturdasi marks the vanquishing of the demon Naraka by Lord Krishna and his wife Satyabhama. Amavasya, the second day of Deepawali, marks the worship of Lakshmi, the goddess of wealth in her most benevolent mood, fulfilling the wishes of her devotees. Amavasya also tells the story of Lord Vishnu, who in his dwarf incarnation vanquished the tyrant Bali, and banished him to hell. Bali was allowed to return to earth once a year, to light millions of lamps to dispel the darkness and ignorance, and spread the radiance of love and wisdom. It is on the third day of Deepawali — Kartika Shudda Padyami that Bali steps out of hell and rules the earth according to the boon given by Lord Vishnu. The fourth day is referred to as Yama Dvitiya (also called Bhai Dooj) and on this day sisters invite their brothers to their homes.

The Tradition of Gambling

The tradition of gambling on Diwali also has a legend behind it. It is believed that on this day, Goddess Parvati played dice with her husband Lord Shiva, and she decreed that whosoever gambled on Diwali night would prosper throughout the ensuing year. Diwali is associated with wealth and prosperity in many ways, and the festival of ‘Dhanteras’ (‘dhan’ = wealth; ‘teras’ = 13th) is celebrated two days before the festival of lights