The value crisis in the contemporary Indian society is casting its evil shadow in all the corners of our life. Even after more than half century of progress in different fields, our society is witnessing different types of problem; one of them is corrosion in values. Such types of problem create a question mark on our development as well as on our present educational system that in which direction we are progressing--material or spiritual or in both. This situation reflects that spiritual development is lagging behind material aspect. The basic concern is how we can overcome this problem. No doubt, the responsibility of society and school are equally important, but the major responsibility goes to the teachers in the development of the values. It is the teacher whose personality influences as role model to his/her taught in the school. Students learn value from the teachers than from the texts taught by them. In this concern teacher education needs reorientation to meet this demand. The paper provides rationale in support of teacher and value oriented education. The paper also considers different practical issues in this orientation and suggests remedial measures.