The Hindu literature narrates that the asura Narakasur was killed on this day by Krishna and Satyabhama. The day is celebrated by early morning religious rituals and festivities follow on. To understand this in modern context let us first know who Narkasur was. Was he a demon or human turned in to demon?  The dualistic concept of Asura and Deva in Hinduism is a form of symbolism found throughout its ancient and medieval literature. In the Upanishads, for example, Devas and Asuras go to Prajāpati to understand what is Self (Atman, soul) and how to realize it. The first answer that Prajāpati gives is simplistic, which the Asuras accept and leave with, but the Devas led by Indra do not accept and question because Indra finds that he hasn’t grasped its full significance and the given answer has inconsistencies. This symbolism embedded in the Upanishads is a reminder that one must struggle with presented ideas, learning is a process, and Deva nature emerges with effort. Similar dichotomies are present in the Puranas literature of Hinduism, where god Indra (a Deva) and the antigod Virocana (an Asura) question a sage for insights into the knowledge of the self.[41] Virocana leaves with the first given answer, believing now he can use the knowledge as a weapon. In contrast, Indra keeps pressing the sage, churning the ideas, and learning about means to inner happiness and power.
Deva-Asura dichotomies in Hindu mythology may be seen as “narrative depictions of tendencies within our selves”
The god (Deva) and antigod (Asura), are also symbolically the contradictory forces that motivate each individual and people, and thus Deva-Asura dichotomy is a spiritual concept rather than mere genealogical category or species of being. In the Bhāgavata Purana, saints and gods are born in families of Asuras, such as Mahabali and Prahlada, conveying the symbolism that motivations, beliefs and actions rather than one’s birth and family circumstances define whether one is Deva-like or Asura-like.