Nanoplasmonics makes a connection to conventional optics to the nanoworld. Interesting performance like subwavelength focusing to invisibility cloaking, nanoplasmonics have profound applications in science and engineering world from biophotonics to nanocircuitry. Metal and dielectric have free d-shell electrons. When metal and dielectric of different refractive index come in contact, these free electrons get accumulated in a region at the metal-semiconductor interface forming nanoplasmons. Practical implementation of nano device fabrication is the most challenging task due to the dissipative losses in metal. The optimum operating condition can be achieved by the efficient use of optical gain. We review here the ongoing progress in the field of nanoplasmonic research.