Non-Aligned Movement (NAM) emerged in the context of the wave of decolonization that followed World War II. It was founded during the height of the Soviet-U.S. Confrontation in 1961 in Belgrade. Its political bearing has diminished in the post-cold war environment with the disintegration of USSR but NAM is still relevant in today’s international environment. With the passage of time NAM emerged as a political personality of its own. In the present study an attempt has been made to evaluate the relevance of NAM today in the light of the purposes and objectives on which it was originated. The opinion of one section of the people is that NAM has lost its relevance as its basis, the bipolar world has become dead. However, the opinion of the other section is that NAM is still abide its founding principles, ideas and purposes to establish peaceful and prosperous world and promotion of disarmament. With the decline of the cold war regional conflicts and crises have not ended. Now NAM can play a meaningful role in the present international scenario to promote world peace and bring about nuclear arms control and disarmament by nuclear powers. The fact is that NAM has not lost its relevance. The policy will last as long as the sovereign state system exists. Its validity cannot be questioned in the same way as the United Nations Organisation and its charter are not invalidated by the sins of omissions and commissions of the organization and its member states. Like UN, the objectives of NAM are largely of a long term and universalistic in nature.