The people of India are all set to celebrate the festival of Basant Panchami with full enthusiasm and fervor on Saturday. The significance of the day lies in the worship of Goddess Saraswati, symbol of wisdom and also the onset of spring season. Basant Panchami is an important Indian festival celebrated every year in the month of Magh according to the Hindu calendar. Celebrated on the fifth day of Magh in the months of February or March according to the Gregorian calendar.