To many Indians, the Puranas are a kind of “fifth Veda,” because these scriptures have joined the Vedas as important sources for Hindu tradition.
According to the Puranas, we are living in the Kali Yuga, an era in which human spirituality is declining.
There are four yugas. The first one was morally the best, and each succeeding era became worse than the one before it, up to our present era.