COBE/DIRBE satellite revealed that the central region of our Milky Way hosts a boxy shaped bulge rather than a spheroidal one. A number of evidences have established that the Millky Way also hosts a stellar bar in the disk mid-plane and the boxy-bulge is thought to have formed as a result of buckling instability of the bar. N-body modelling of the kinematic data from recently completed surveys such as BRAVA, VVV etc., indicates that our Milky Way is a pure disk galaxy without a classical bulge. However, stellar population and metallicity gradients in the bulge do not rule out the possible existence of a classical bulge. After giving a brief overview of the current status of the Milky Way's bulge, I will discuss some new results that might shed some new light on this ongoing debate.