The first day on the Gregorian calendar is celebrated as the New Year. January 1st is popularly known as the New Year Day in modern times. Another practice now a days, is celebrating the New Year's Eve, which falls on December 31st, a day before New Year. It is basically to commemorate the by-gone year and usher in the New Year with elegance and grace. People indulge in partying with family and friends and there are grand displays of fireworks at the stroke of midnight. The New Year is an event that happens when a community celebrates the end of one year and the beginning of the next year. Cultures that measure yearly calendars all have New Year celebrations. In India, New Year is celebrated on different dates by different communities. But there is one specific date when all the communities and the cultures within the country celebrate New Year. This is 1st of January and is preceded by New Year Eve parties and celebrations.