The Colombo Committee comprising Ven. Migettuwatte Gunananda Thera, Don Carolis Hewavitharana (father of Anagarika Dharmapala), Andris Perera Dharmagunawardana, William de Abrew, Peter de Abrew, Charles A. De Silva, H.William Fernando and N.S. Fernando and chaired by Ven. Hikkaduwe Sri Sumangala Thera with Carolis Pujitha Gunawardana as Secretary originally designed the first Buddhist flag when the country was under colonial rule. The Buddhists had lost their freedom to worship and conduct religious activities, during the colonial period.

It was due to the indefatigable the efforts of such famous bhikkus as Ven. Hikkaduwe Sri Sumangala Nayake Thera, Migettuwatte Sri Gunananda Thera and Henry Steele Olcott that the Buddhists eventually got the freedom to engage in religious activities. Henry Steele Olcott felt that the Buddhists needed a symbol and as such the Buddhist flag was designed to mark the revival of Buddhism in 1880s.

The depiction of the first Buddhist Flag was published in the "Sarasavi Sandaresa" newspaper of April 17, 1885. The Buddhist flag was first hoisted 125 years ago at Dipaduttaramaya, Kotahena, Colombo by Ven. Migettuwatte Gunananda Nayake Thera, to mark the first Vesak public holiday under the British rule. It was also hoisted in Vidyodaya Pirivena, Colombo, Kelaniya Rajamaha Viharaya and Hunupitiya Gangaramaya.

The new flag was introduced to Japan by Anagarika Dharmapala and Henry Steele Olcott in 1889 and was followed by other Buddhist countries such as Myanmar (Burma), Cambodia, Vietnam, Laos and Thailand. In 1952 it was recognised as the international Buddhist flag by the World Buddhist Congress.

The five colours of the flag represent the six colours of the aura that emanated from the body of the Buddha at the time of Enlightenment. Blue (neela) represents Loving Kindness, tranquillity and Universal Compassion; yellow (pitha), the Middle Path - abstaining from extremes of luxury and suffering; red (lohitha) stands for achievement, wisdom, virtue, fortune and dignity; white (odatha) for purity and emancipation and orange (manjestha) the Essence of Buddhism with wisdom, strength and dignity. The vertical stripe, compound of the other five colours (Prabhaswara - 'essence of light') symbolizes Truth.

"The colours of the Buddhist flag represent the Buddhas aura, which was the result of grasping the truth" explained Prof. Ven. Iththademaliye Indrasara Thera, Vice Chancellor, Buddhist and Pali University.

P. W. D Chandra Jayatillake, Secretary, Ministry of Buddha Sasana and Religious Affairs called upon the Sri Lankans to respect the Buddhist flag - an object of international veneration - during the Vesak season. "People often use the Buddhist flag to stop vehicles at dansalas. But we should learn to pay more respect to the Buddhist flag."

"The Buddha disowned the caste system and always regarded every human being alike" said Ven. Iththademaliye Indrasara Thera. He explained that the Buddha always hoped for universal peace and said that the only way to pay respect to such an amazing Being is to aspire to build a society devoid of caste, class or any other form of discrimination.

"The end of a three decade old war and the forthcoming 2600 Buddha Jayanthi have presented us with a good opportunity to fulfill our duty - both laity and bhikkus alike - of developing a peace - loving and civilized society with no racial discrimination" said Prof. Ven. Iththademaliye Indrasara Thera.

This is exactly what the 2600 Sambuddhathwa Jayanthi Steering Committee has sought to do. The Steering Committee appointed by the President is made up of 26 members and chaired by Ven. Niyangoda Vijitha Siri Thera of the Malwathu Chapter. Its objective is to create a society devoid of corruption and crime, a society that respects its elders, said K. Kalupahana, Secretary, Sambuddhathwa Jayanthi Steering Committee.

The Committee would focus on encouraging religious and Pali studies, observing sil, giving alms, improving agriculture by tree planting campaigns, ensuring the welfare of the religion through ordaining and providing training for bhikkus and renovation of temples in commemoration off the Buddha Jayanthi.

This is an effort to be shared by the mahasangha, laity the government and the private sector as well.

"We also hope to collaborate with foreign Buddhist organisations to obtain funding for an International Buddhist Conference to be held in May 2011" the Secretary said. In 1998, at an international Buddhist conference much like the one proposed to be held in Sri Lanka, the then Foreign Minister Lakshman Kadirgamar proposed that the UN declare Vesak an international holiday. 'We hope to pursue this matter, Kalupahana said.