Man is like a rough diamond and requires filling and polishing before all his faculties can function. Education is polishing and filling of human personality, so that it reaches its fullest development. It enables one to lead a better physical, intellectual and spiritual life. According to Socrates –“Education is bringing out of the ideas of universal validity which are latent in the mind of every man.” Concept of Ethics, Moral values and Education: Ethics is a branch of philosophy. That deals with the morality; the word ethic has been derived from the Greek word ‘ethos’ which means character. Aristotle was one of the first great philosophers to define the ethics. To him, ethics was more than a moral, religious or legal concept. Morality refers to personal or cultural value code of conduct or social values. In morality people have strong beliefs about what’s right and wrong. Higher education is leadership education. The Ethics and moral values practised in universities heavily influence the future leaders. Many institutions of higher education show excellence not only in academic subjects, as green campuses, with manifold ethics curricula and in their community engagement, but also in the value orientation of the Board and teaching staff as well as student. But additionally, in many universities and school around the world, fundamental values and virtues are violated; cheating, plagiarism, unethical research, nepotism in staff recruitment, corruption in exam, simply the lack of ethics curricula gives then the signal to the future leaders that “this is how the world functions” and only with unethical behaviour can one achieve professional success. In conclusion, it is important to state that the moral value of ethics in life explores what is our origin as human beings. It takes into consideration the fact “the unexamined life is not worth living;” to quote the ancient sage, Socrates. In the quest for the establishment of the value of life for education, higher learning institutions integrate ethics and ecology in their programs. The context of a new vision for education which calls for mindset shift from reading and writing to skills acquisition with relevance for daily life and society becomes imperative. Ethics education is opportunity for a new value orientation. such education ensures the training of both the teacher and the student, develops new technologies and conclusively allows a new vision, a new policy, a new market new resources and a new system.