Lhosar Festival is mostly celebrated by the Sherpa community. Literally Lhosar means New Year and usually falls during the month of February. During this period the major Buddhist monasteries and stupas like Swoyambhunath, Boudhanath are decorated with prayer flags. During this festive season people perform their cultural dance and welcome the New Year with feasts and family gatherings. The dances are usually seen in Khumbu, Helambu and Boudhanath in Kathmandu. This festival is mostly celebrated by Sherpa, Gurung, Tamang, Magar, Thakali, Manange, Helmuli and Tibetan. The festival is mostly celebrated by Gurungs in 15th poush, 15 Magh by Tamang and 15th Falgun by Sherpa. Government of Nepal has started giving public holiday in these days from 2057 since Nepal is multi ethnic, multi religious and multi cultural country. According to the Buddhist tradition Gyalpo Loshar, Tola and Sonam Loshar are not celebrated as New Year but just festivals of farmers. Among these the main Lhosar is Gyalpo Lhosar produced by Manjushree.
In the eve of Lhosar the Lama (priest) chant the holy books establishing the statue of Buddha at each and every home of Buddhist. Here, the family members say happy New Year, salute Buddha and burn scented sticks as the part of the ritual. After the Lhosar festival the year ends.