By the 2600th year of the sambuddatva jayanthi,the Buddha dhamma has developed its status from the simple philosophy of the lifestyle of mankind enunciated in early Buddhist thought to highly developed ritualistic religious system. From its birth place, India, Buddhism as a religion, has spread to different parts of Asia, South – East and far East. While the message of the Buddha is currently being perused in the wide context in the modern world. It is interesting to note the different systems followed in the practice of Buddhism, both Theravada and Mahayana, by the respective countries.