Panchang is a mirror of the sky. In simple terms, Panchang means the Day, Nakshatra (Star), Thithi, Yoga and Karana every day. According to Tithi and Nakshatra you can schedule your work for auspicious result.
Panchang gives you information on how to live in harmony with your environment, which you can do by optimally utilizing this Hindu calendar for planning important events in your life.
The idea of panchang's utility is at bottom the ancient belief or the law of nature according to which every action brings an equal and opposite reaction. So, when we act in harmony with our environment, our environment in turn exercise a harmonious influence on us. The fruit of acting in such fashion is the creation of harmony, peace and stability in our lives. Taking into consideration that time is a priceless resource, the knowledge of panchang enables one to understand the quality of a particular moment or time and thereby help one to live in tune with nature or time.