In the narratives of the Indian and Western traditions, both the construction of the character and the configuration of an action have remarkably the idealized perspectives. In them the nature of action is very realistic, hence it commutes itself through its orientation in the cause and the effect. The dimension of this dichotomy acquires various meanings and internalizations. While in the Indian tradition, the action is almost reversible and foresees the growth of cumulative assortment of events, in the European narratives, the organization of an action is obtained in an event that is by and large irreversible in nature. To drive this point home, Pancatantra, Hitopadesha, Jatakakathavali, Kathasaritsagara, Baital Paccisi and Simhasana Battisi from the Indian tradition, and Aesop's Fables, The Canterbury Tales, Legends of King Arthur, The Decameron and The Pilgrim's Progress from the Western side are well explored in this volume. The pursuit of meaning in Indian and European earliest narratives is to convey the action by certain instruments of transformation of which conjunction, injunction, conception and inception are the most important. The book makes a serious discussion about resolution and convergence between Pancatantra and The Canterbury Tales, and Jatakakathavali and The Pilgrim's Progress, offering certain conceptual structures, which would determine the propriety of a new theoretical effort. This book therefore proposes to lay a foundation for construction of a theory of meaning in relation to the action that is obtained in the progress of earliest narratives at large.