The new financial year called Maghi begins just after Lohri
The new fiscal year also begins on the day after Lohri, which is known as Maghi. It actually signals the end of the winter season and the start of the new farming season. Since the nineteenth century, revenue from winter crops has been collected during the month of January. Sugarcane harvesting, which is celebrated during the Lohri festival, produces a variety of by-products such as gur and gazak, which are widely consumed during the festival.
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