Krishna legend. In the Braj region of India, where the Hindu deity Krishna grew up, the festival is celebrated until Rangpanchmi in commemoration of the divine love of Radha for Krishna. The festivities officially usher in spring, with Holi celebrated as a festival of love.It is called Phagwa festival, and is celebrated to mark the beginning of spring and Hindu mythology. In Suriname, Holi Phagwa is a festival of colour. It is customary to wear old white clothes on this day, be prepared to get them dirty and join in the colour throwing excitement and party.