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Laxmi Puja is a major Hindu festival celebrated in Nepal as part of the Tihar festival. It is dedicated to Lakshmi, the goddess of wealth, and marks a significant cultural event where businesses and financial institutions close. While it is a religious holiday, it influences the economy through a surge in retail spending and a temporary halt in formal market activities.
The date is determined by the Hindu lunar calendar (Vikram Samvat), specifically falling on the new moon day (Amavasya) of the month of Kartik.
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