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About New Year: New Year is the time at which a new calendar year begins and the calendar's year count increments by one.
Many cultures celebrate the event in some manner and the 1st day of January is often marked as a national holiday.
In the Gregorian calendar, the most widely used calendar system today, New Year occurs on 1 January (New Year's Day). This was also the case both in the old Roman calendar (at least after about 713 BCE) and in the Julian calendar that succeeded it. Source-Wikipedia