Explanation : The Fourth Buddhist Council was held at Kundalvana, Kashmir in 72 AD under the patronage of Kushan king Kanishka and the president of this council was Vasumitra, with Asvaghosa as his deputy. This council distinctly divided Buddhism into two sects Mahayana and Hinayana. The Hinayana Buddhism was the old sect the foundation of which was laid down by Buddha himself and the new sect began to be known as the Mahayana Buddhism. ....Read more