Purely material philosophies that flooded the world in the wake of western colonialism have kept humankind for centuries under the spell of what is increasingly perceived as the Eurocentric approach to life . In the millennium that has drawn to a close, the world has undergone changes in mind and body that has made every idea which once looked unalterable and most satisfying, eventually redundant and even harmful. Need is felt acutely for values based on Eternal Truth to stabilize and protect the humanity caught in the whirlwind of change , without which the present paradigms cannot lead to harmonious evolution of humankind nor bring hope and fulfilment to life at individual and collective levels.