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Recent years have witnessed remarkable progress in the science of microfossils. Major age revisions of many of the so called unfossilifereous strata were made with the discovery of microfossils. The microfossils have become indispensable tools in paleoceanographic studies. The systematic micropaleontology has gradually given way to interpretative micropaleontology and has completely changed our perception of this science. This book containing 26 peer reviewed papers discusses application of microfossils in stratigraphy and paleoceanography. The papers dealing with stratigraphy cover geological time from Proterozoic to Cenozoic while the papers on paleoceanography cover areas like deep sea hiatuses, global carbon cycles, ocean circulation and related climate changes, extraterrestrial events, upwelling and productivity etc. The papers in this volume offer solid evidence of recent progress in application of micropaleontology in stratigraphy and paleoceanography.