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Guiding Light: Significance of Akshaya Tritiya Today is Akshaya Tritiya â a day that Hindus and Jains consider most auspicious, in the calendar. It comes in the period of the waxing moon â Shukla Paksha of the month Vaishakha. The entire day from sunrise to sunset is auspicious. Hence one does not require a special muhurta, time duration to undertake anything. There are many stories associated with this day. The river Ganga manifested on earth on this day thousands of years ago in response to Bhagirathaâs prayer to Brahma ji. That is why Ganga is also called Bhagirathi. Another important story is that it is the day the sixth avatara of Vishnu, Parshurama was born. He is credited to have destroyed all the kshatriya warlords and war-mongering kings from the face of the earth. Another story is related to an incident of when the Pandavas were in the forest. Known for their hospitality Draupadi bemoaned the fact that they could not be that hospitable. ....