In the context of “Swachh Sarvekshan”, the concept of waste management plays a very significant role in achieving the vision and mission of “Swachh Bharat Abhiyan”, the clean mission of India. Focusing on the domestic waste, a project was taken up under the title “A Cost-Effective Prototype Solution for Finance Accountability using MATLAB-GUI for Waste Management” which formulated a cost-effective software solution using MATLAB-GUI for finance accountability during the administration of waste management at municipality level. Considering nine modules with nine parameters as one for each module the software formulated assists in calculation of revenues generated out of recycled and reused waste, in a flash of a moment. The project also provides a sample administration to the software designed to facilitate easy replication besides giving a few workable solutions for sustaining the enthusiasm of the citizens in following the procedures laid down for managing the waste effectively. The current article which forms part of the above project gives an insight into the history of management of waste encompassing topics such as evolution of management of waste, and the current practices followed for management of waste in India.