New Delhi: As the world fights extraordinary challenges, their lasting solutions can come from the ideals of Lord Buddha, Prime Minister Narendra Modi said on Saturday. Also Read - Two Days Ahead of Independence Day, Narendra Modi Becomes 4th Longest-serving PM of India

Addressing the Dhamma Chakra Day event, the prime minister said the eight-fold path of Lord Buddha shows the way towards the well-being of many societies and nations. Also Read - Ram Janmabhoomi Trust Head Tests COVID Positive, PM Modi Shared Stage With Him on August 5

It highlights the importance of compassion and kindness, he said adding that the teachings of Lord Buddha celebrate simplicity both in thought and action. Also Read - PM Modi Launches Transparent Taxation Platform, Faceless Taxation From Today, Says Modi | LIVE Updates

“Today the world fights extraordinary challenges. To these challenges, lasting solutions can come from the ideals of Lord Buddha. They were relevant in the past. They are relevant in the present. And, they will remain relevant in the future,” Modi said at the event.

The day is observed on Asadha Poornima.