As per the Hindu religious texts and epics, the Thretha Yuga was started on the day of Akshaya Tritiya. On the day of Akshaya Tritiya, Hindus also observe the birthday of Lord Parasurama, the sixth incarantion of Lord Sri Maha Vishnu.
As mentioned in the Vedas, on the day of Akshaya Trithiya, along with Lord Ganesha Sage Veda Vyasa initiated writing the great epic, Mahabharata. Puranas describe the day of Akshaya Trithiya is the birthday of Lord Parasurama (LordParasurama Jayanthi). The Hindu scriptures and other sacred texts explained the greatness of Lord Parasuram.
On the day of Akshaya Tirtiya, Lord Shri Balarama Jayanthi (birthday of Lord Sri Balaram) is also celebrated. Balarama was the elder brother of Lord Sri Krishna. Lord Balaram is significantly known with his weapon ‘Hal. Lord Balarama is also referred as one of the Dasavatara, ten incarnations of Lord Vishnu.
Lord Balarama birthday is seven days before Sri Krishna Janmashtami. Also celebrated as Raksha Bandhan day.