Atul sarode.

In the latter half of the 20th century, major changes took place in the global economic system. These changes are known as New Liberal (Neo-liberal) Capitalism . After the 1980s, this economic ideology was widely adopted in the United States, Europe, and developing countries. In India, after 1991, the policies of liberalization, privatization, and globalization made this system more influential. The central idea of new liberal capitalism is reducing the role of the state and giving greater freedom to the market system . The private sector was encouraged in industries, trade, and services. As a result, economic growth accelerated, productivity increased, and direct connections with the global market were established. One of the important features of new liberal capitalism is the free market system, where prices are determined by demand and supply. Privatization is another key feature, with increased private participation in sectors such as education, healthcare, banking, and transport...

If one asks, “Who is the greatest person who influenced the entire world through the path of righteousness and whose impact remains eternal across ages?”—in my view, the indisputable answer is Buddha. Even after more than two and a half millennia, the universal relevance of Lord Buddha and his philosophy has not diminished. The Tathagata, an unparalleled debater of his time, engaged in dialectical discussions with contemporary thinkers and conversed directly with the common masses, thereby spreading the noble Dhamma—the path of liberation from suffering. After Buddha’s Parinirvana, the Dhamma spread rapidly across the world. Many rulers of that era adopted and actively supported the Dhamma. Since Buddha himself did not write any scripture, systematic interpretation and codification of his teachings became necessary. Therefore, under the patronage of rulers like Ajatshatru, Kalashoka, Ashoka, and Kanishka, Buddhist Councils were organized from time to time. Later, the kings of Myanmar a...