The emergence of a cuberconnected Global Village demonstrates the need for a universal time for global events. A professor at the Indian Institute of Management in Ahmedabad argues that we need to delink the measurement of time from geography. Starting with a review of the Concept of Time in Philosophy, Physics, Biology and Psychology, the paper argues that the availability of Cyber-connectivity and the emergence of the Global Village have highlighted the need for a universal time frame for global events. It additionally argues that the need extends beyond a universal time and encompasses the issues of date and calendar. It further argues that introducing this change may require de-linking of the time measurement from the geo-link and may also raise doubts about the assumed time-space singularity. The paper suggests that the representatives of the world arrive at an agreement to introduce a new epoch that gives a single precise portrayal of the global events. This is essential, as the global events have moved beyond the scientific domain and come in to the social and legal domain.