The knowledge contained in Sanskrit & its vast literature has a deeper & broader relevance in the present global context than just the study of a classical language & its grammar & rhetorics. The World today is standing at the crossroads of political & economical ideologies & is in a state of confusion to find out the right path. In such a situation, it shall be reassuring not only for our country but for the entire world to look towards the traditional wisdom of our sages. Besides, the present generations are in a dilemma regarding the social value system. It has no basic set of principals as are available in the form of nigama & agama in India so as to choose their right path. All this traditional wisdom is contained in Sanskrit and hence it is all the more necessary in the present world context to study Sanskrit and its vast literature to provide to the world some sets of principles and value which ensure survival and happiness to human beings and their sustainable growth. To save the world from linguistic anarchy and to arrest the de-culturing process of our youth die to various negative factors, study of is necessary. With this view in mind, the government of Madhya Pradesh has established Maharshi Panini Sanskrit Evam Vedic Vishwavidyalaya from 15 August 2008 under the Maharshi Panini Sanskrit vishwavidyalaya Adhiniyam 2006 (No.15 of 2008 ). It was formally established by the governor and chancellor of the university and the chief Minister of Madhya Pradesh at Ujjain on 17 August 2008.