The story of Diwali is associated with the victory of the Good over the Evil. There are three popular stories associated with Diwali. The first story is that of the commemoration of the return of Lord Rama to Ayodhya after 14 years of exile – this story is the reason given for observing Diwali in North and western parts of India . In South India , Diwali is the day in which demon Narakasura was annihilated by Sri Krishna and Satyabhama. Diwali here is observed on the 14th day of the waning phase of moon – mostly a day earlier to Diwali in North India . Another story is associated with Goddess Lakshmi (goddess of wealth). It is believed that the goddess emerged from the ocean on this day during the samudra manthan (churning of ocean) by demons and gods. So for the business people, the new business year begins on Diwali. Another legend has it that Diwali is observed on the darkest day of the year and the world is lit by the arrival of Goddess Lakshmi. Story of Di