Decorating environment is a prime concern now a days. Pollution level is increased to that extent where its management seems to nearly impossible. The E-waste or electronic waste is one of the main contributors to the environmental pollution. E-waste are those electronic devices which are discarded and are not in use. But the management of e-waste in informal process causes in pollution problems and ultimately in serious health issues. Components of electronic scrap like CRTs (Cathode Ray Tubes) may consist of contaminants such as brominated flame retardants, cadmium, lead, beryllium. Around 50 million tons of E-wastes are produced annually. This depicts the possible and dangerous threats to natural environment and its habitants, if it is not checked and not properly disposed depending upon its hazardous and toxic nature of reaction towards air, land and water. This paper discusses the pros and cons of E-waste and possibly each and every aspect regarding E-waste and its management as well as its legal aspects too.