Vikram-Samvat Calendar
The next day after the Hindu festival Diwali is called Padwa or Varshapratipada, which marks the coronation of King Vikramaditya. He was a Hindu king who ruled in first century BCE. The title 'Vikramaditya' was later used by Gupta king Chandragupta II and 16th century Hindu king Samrat Hem Chandra Vikramaditya as well. Vikram-Samvat calendar starts from 57 BCE. The Hindu Vikram-Samvat calendar is celebrated as New Year's Day in Nepal where Vikram Sambat is the official calendar.
Read more about this topic: Chandragupta II
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“To divide one’s life by years is of course to tumble into a trap set by our own arithmetic. The calendar consents to carry on its dull wall-existence by the arbitrary timetables we have drawn up in consultation with those permanent commuters, Earth and Sun. But we, unlike trees, need grow no annual rings.”
—Clifton Fadiman (b. 1904)