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Deepavali, or Diwali, is a festival celebrated by all Hindus to commemorate Lord Rama and his wife, Sita’s return to Ayodhya after his 14-year exile. It was a dark night when they first returned hence his people lit their houses with little lamps (diyas) so that Rama and Sita could find their way.
For some Hindus, Deepavali is also celebrated in honour of the goddess of wealth, Lakshmi. The lighting of these diyas would then make it easy for Lakshmi to find her way to houses. Thus, this festival is known as the Festival of Lights.
The Festival of Lights is to signify the victory of good over evil; however, it does not just mean the physical lighting of these diyas but refers to an Inner Light, which, according to Hindu philosophy, is called the Atman.
The Times of India sums up Deepavali in this:
What the Festival of Lights really stands for today is a reaffirmation of hope, a renewed commitment to friendship and goodwill, and a religiously sanctioned celebration of the simple and some not-so-simple joys of life.
For all those celebrating Deepavali – Happy Deepavali!
Thanks to: http://publicholidays.com.my/deepavali/