Hi!New Year is the time to bid farewell to the old year and welcome the coming year. It is the time to forget and get past memories that are no longer useful or worth pondering upon. It is the time for new beginnings and new starts in life. New Year has a message for each one of us. One should let go of the past that has bad memories and accept what has happened, has happened for some reason. Instead of clinging onto your past and things that have gone, it is better to let go.
Should "Year" be capitalised in the context above? I don't think it is necessary.