The people have been using fungi since ancient times. On one hand fungi are responsible for causing plant and human diseases, while on the other hand they are beneficial to human kind. There have been tremendous biotechnological advancement in the field of fungi in the last two decades. Various applications of the fungi include drugs, dyes, single-cell protein and growth promoters. Advancement in the field of molecular biology, proteomics and genomics have unravelled various doubts and provided new insights in the field of genetic improvement, transformations and phyllogenetic relationship of...