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Ugaadi or Yugadi (from yuga+aadi, yuga is era, aadi means commencement.) means commencement of an era.
Ugaadi is the new year’s day for the people of the Deccan region of India. While the people of Karnataka and Andhra Pradesh use the term Ugadi for this festival, the people of Maharashtra term the same festival, observed on the same day, Gudi Padwa.
Sindhis, people from Sindh, celebrate the same day as their New Year day Cheti Chand.
Ugaadi is celebrated on a different day every year because the Hindu calendar is a lunisolar calendar. The Saka calendar begins with the month of Chaitra (March/April) and Ugaadi marks the first day of the new year.