t is a highly important day for devotees of Lord Dattatreya, especially the followers of Shripad Srivallabha, who achieved his "nihilandee goman" or departure. 

It's a festival of wealth and health, marked by purchasing gold, silver, and utensils, and worshipping the gods Lakshmi (goddess of wealth) and Dhanvantari (god of Ayurveda)

 it involves worshipping deities like Goddess Lakshmi and Lord Ganesha, sharing sweets, wearing new clothes, and lighting diyas (oil lamps) to welcome prosperity and good fortune. The exact date varies annually with the lunar cycle.