The Holi Festival 2016 will be held on March 23. Here is more information about the special day. The festival commemorates the victory of good over evil. This sort of tradition is also found in various places across the globe. In this particular ceremony, people believe that by destroying and burning Holika the bad spirit, they will live more peaceful and prosperous lives. As we all know, Hindus believe in gods and goddesses. This festival shows their devotion towards one of the most well-known gods, the lord Vishnu.