Ugadi Panchanga Sravanam | As per the desired beliefs, Ugadi Festival has an age-old alliance with mythology. The Lord Brahma began the formation of the universe on this auspicious day. As he created the days, weeks, Months, and year in order to keep track of time. It is believed that Ugadi Festival is the first day of the formation of the universe. The Lord Maha Vishnu is also known as Yugaadikrit, it means the creator of the Yugas or Ages.