New Delhi, Jul 4 (PTI) As the world today fights extraordinary challenges, their lasting solutions can come from the ideals of Lord Buddha, Prime Minister Narendra Modi said on Saturday.

Addressing the Dhamma Chakra Day event here, the prime minister said the eight-fold path of Lord Buddha shows the way towards the well-being of societies and nations.

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It highlights the importance of compassion and kindness, he said, adding the teachings of Lord Buddha celebrate simplicity both in thought and action.

"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.

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The day is observed on Asadha Poornima.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)