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PIB Summaries 13 June 2022

CONTENTS:

  1. Holy Relics of Lord Buddha
  2. National Conference on Competition Law


Holy Relics of Lord Buddha


Focus: GS I- History

Why in News?

  • Holy Relics of Lord Buddha to be taken from India to Mongolia for an 11-day exposition on occasion of Mongolia’s Buddha Purnima on 14th June, 2022
  • The Holy Relics will be displayed at the Batsagaan Temple within the premises of Gandan Monastery.
  • The Holy Buddha Relics, currently housed in the National Museum, are known as the ‘Kapilvastu Relics’ since they are from a site in Bihar first discovered in 1898 which is believed to be the ancient city of Kapilvastu.
  • It is another historic milestone in India-Mongolia relations and will further boost cultural and spiritual relations between the two countries.

About Gautama Buddha:

  • He was born in Lumbini, near the Indo-Nepal border, as Siddhartha Gautama to a royal family in around 563 BCE.
  • His ancestors belonged to the Sakya clan, which governed from Lumbini’s Kapilvastu.
  • At the age of 29, Gautama left home and abandoned his affluent lifestyle in favour of asceticism, or intense self-discipline. Gautam gained Bodhi (enlightenment) under a pipal tree in Bodhgaya, Bihar, after 49 days of meditation.
  • Buddha preached his first sermon in Sarnath, Uttar Pradesh, near Varanasi. Dharma Chakra Pravartana is the name given to this occurrence (turning of the wheel of law).
  • He died at the age of 80 in 483 BCE at Kushinagara, Uttar Pradesh. The event is known as Mahaparinibban or Mahaparinirvana.
  • He is believed to be the eighth of the ten incarnations of Lord Vishnu (Dashavatar).

About Buddha Purnima:

  • It is celebrated to mark the birth of Gautam Buddha, the founder of Buddhism.
  • It is also known as Vesak.
  • In 1999, it became an UN-designated day, to acknowledge the contribution of Buddhism to society.


National Conference On Competition Law


Focus: GS II- Polity and Governance (Government Interventions)

Why in News?

The Competition Commission of India (CCI) organised a National Conference on Competition Law as part of the ongoing Azadi ka Amrit Mahotsav (AKAM)

About Competition Commission of India:

  • Nodal: Ministry of corporate affairs
  • Competition Commission of India (CCI) is a statutory body of the Government of India responsible for enforcing the Competition Act, 2002.
  • Competition Commission of India aims to establish a robust competitive environment.
  • Through proactive engagement with all stakeholders, including consumers, industry, government and international jurisdictions.
  • By being a knowledge intensive organization with high competence level.
  • Through professionalism, transparency, resolve and wisdom in enforcement.

Composition of CCI

  • The Commission consists of one Chairperson and six Members.
  • The commission is a quasi-judicial body.
  • Eligibility of members: The Chairperson and every other Member shall be a person of ability, integrity and standing and who, has been, or is qualified to be a judge of a High Court, or, has special knowledge of, and professional experience of not less than fifteen years in international trade, economics, business, commerce, law, finance, accountancy, management, industry, public affairs, administration or in any other matter which, in the opinion of the Central Government, may be useful to the Commission.


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June 2022
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