On Akshaya Trutiya day, people throng jewelry houses
to buy gold,which is considered the ultimate symbol of
wealth and prosperity. Satya Yuga is said to have begun
on this day. Any meaningful work initiated on this day is
expected to yield good returns.In Mahabharata it was on
this day that Pandavas received Akshaya Patram(unending
bowl of food) from Lord Krishna.
Many luminaries were born during this period. Basaveshwara
was born on May 4, Ramanujacharya and Adi Shankaracharya on
May 6, Swami Chinmayananda on May 8 and Lord Buddha on May 16.
It is the birthday of Lord Parashuram, one of the 6th avataras of
Lord Vishnu.Veda Vyasa and Lord Ganapathi began to write Mahabharat
on this day. The meaning of the word Akshaya is infinite that which
never recedes. The Devata for the month is Madhusudana.