The mechanism of a chemical reaction cannot be fully described without the determination of its rate. The kinetic study of a wide range of chemical processes is seen to be of essential importance, not only in pure research but increasingly in industrial research, development and, in some instances, in quality control and analysis as well. Kinetic methods have become an essential technique in photochemistry, enzyme chemistry, study of chemical catalysis etc.The study of oxidation of organic compounds is of immense importance both from mechanistic and synthetic points of view. It has a bearing on the chemical processes of life also. Investigation of the kinetics and mechanism of redox reactions has attracted the attention of chemists world over and mechanisms of several reactions have been clearly delineated.The influence of organized media (micelles, vesicles, membranes, etc.) on the course of a large variety of chemical and biochemical reactions is now well documented. Ionic micelles typically increase rates of reactions of reactive counter ions with hydrophobic substrates that bind to micelles.