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 - Jharkhand: 7 Children Drown In Pond During 'Karma Puja’ Festivities, PM Modi Expresses Grief

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 - Land of Afghanistan Should Not Be Used To Spread Terrorism In Any Country: PM Modi at SCO-CSTO Outreach Summit

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 - Recent Developments in Afghanistan Prove Radicalisation Biggest challenge to Peace: PM Modi at SCO Summit | Key Points

“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.