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July 2 0 2 1 I V O L 1 1 I V THE RVF C O M P R E H EV N D I N aluer G V A L U A T I O N P U B L I S H E D I N T H E M O N T H O F JULY 2 0 2 1 I V O L 1 1 . 0 em : Sout Indi CONTACT US FOLLOW US ON FACE BOOK I INSTAGRAM I LINKEDIN WRITE TO US ON [email protected] VISIT US AT www.iovrvf.org www.iovrvfhub.org www.iovrvf.org www.iovrvfhub.org F R A M E O F R E F E R E N C E CHAIRMAN’S COLUMN FROM THE DESK OF MD/CEO V O X - P O P U L I VYSHNAVI DEVANAHALLI NAGARAJ RAMESH ATLURI FACTS ABOUT VINEESH VIDYADHARAN SOUTH INDIA KUMAR P R T H E U P D A T E S Area: South India is a region covering 635,780 km of area which is like 19.31% of India's area. PROMOTIONS & CAMPAIGNS States and union territories: Karnataka, Andra Pradesh, Kerala, Lakshadweep, WHERE DO WE STAND Puducherry, Tamil Nadu, Telangana Official languages: Kannada, Telugu, Tamil, English, Malayalam Total population: 253,051,953 C R E D I T S DID YOU KNOW? EDITOR Southern India is home to 9 UNESCO World Heritage Sites. TANUJ KUMAR BHATNAGAR Southern India boasts the title of 'Richest Temple in the World'. 75% of India's coconut production comes from the South. COMPILATION & DESIGNING Southern India has the maximum Ayurveda schools as compared to MANASI MEWARI any other state/country in the World. The first known literature of South India is the poetic Sangam literature, which was written in Tamil 2500 to 2100 years ago. There are 8 classical dance forms in India that are recognized by the Ministry of Culture and Sangeet Natak Academy. Out of which, four are from South. Literacy rates in the southern states is approximately 81% of the population who are capable of reading and writing. As per a survey by the National Statistical Office; Kerala tops the list of the most literate state in India with a literacy rate of 96.2%. D I S C L A I M E R 838+ RVs of IOV-RVF are from South India. The articles published in this issue are the statements and opinions of the authors only and are not necessarily endorsed by IOV-RVF as an organisation. The Editor/ IOV-RVF assumes no responsibility for the statements and opinions expressed herein. F R A M E O F R E F E R E N C E CHAIRMAN’S COLUMN FROM THE DESK OF MD/CEO V O X - P O P U L I VYSHNAVI DEVANAHALLI NAGARAJ RAMESH ATLURI FACTS ABOUT VINEESH VIDYADHARAN SOUTH INDIA KUMAR P R T H E U P D A T E S Area: South India is a region covering 635,780 km of area which is like 19.31% of India's area. PROMOTIONS & CAMPAIGNS States and union territories: Karnataka, Andra Pradesh, Kerala, Lakshadweep, WHERE DO WE STAND Puducherry, Tamil Nadu, Telangana Official languages: Kannada, Telugu, Tamil, English, Malayalam Total population: 253,051,953 C R E D I T S DID YOU KNOW? EDITOR Southern India is home to 9 UNESCO World Heritage Sites. TANUJ KUMAR BHATNAGAR Southern India boasts the title of 'Richest Temple in the World'. 75% of India's coconut production comes from the South. COMPILATION & DESIGNING Southern India has the maximum Ayurveda schools as compared to MANASI MEWARI any other state/country in the World. The first known literature of South India is the poetic Sangam literature, which was written in Tamil 2500 to 2100 years ago. There are 8 classical dance forms in India that are recognized by the Ministry of Culture and Sangeet Natak Academy. Out of which, four are from South. Literacy rates in the southern states is approximately 81% of the population who are capable of reading and writing. As per a survey by the National Statistical Office; Kerala tops the list of the most literate state in India with a literacy rate of 96.2%. D I S C L A I M E R 838+ RVs of IOV-RVF are from South India. The articles published in this issue are the statements and opinions of the authors only and are not necessarily endorsed by IOV-RVF as an organisation. The Editor/ IOV-RVF assumes no responsibility for the statements and opinions expressed herein. June-July 2021 / VOL. 11 FROM OUR CHAIRMAN & MD’S DESKS transactions under company law, t is noteworthy that the approach he progress in the field of Ÿ Providing Study Circles in all insolvency law, and tax law, among to education and professional Valuation under a regulated classes of Assets for Refreshers others. However, unlike other Id e ve l o p m e n t of va l u a t i o n Tframework , is becoming free of charge. professions, the valuation profession professionals is guided by the need visible enough to induce reliability Ÿ Providing opportunities for is not institutionalised through state- to serve public interest – to make for the Profession. Responsibility for e x p r e s s i n g a n d s h a r i n g sponsored regulations or regulated available valuation professionals that further growth in this lies on the ways knowledge through a news properly. This creates several provide reliable and quality services and directions being followed, magazine- ' THE VALUER ' a r b i t r a g e o p p o r t u n i t i e s f o r to the public. Focus must be tailored through a well-structured system Ÿ Facilitating the capacity building malpractices, affects quality-control, on the need to promote research and within the outlined Regulatory m e a s u re s to e n h a n c e t h e and also inhibits the development of publication and seek to ensure Framework, by the Registered Valuer competitive edge may lead to the profession. Thus, one important growth and knowledge development Organisations and Registered encourage the users of Valuation aspect for the valuation discipline in at all stages. This largely reflects the Valuers. The system requires focus on Ser vices for obtaining the India shall be the development and need to develop a highly specialised c o n t i n u i n g P r o f e s s i o n a l services of our Valuer Members. VINAY GOEL implementation of appropriate Development Programs stressing on Adoption of other measures like: profession, the requirements of MD & CEO, IOV-RVF PROF (DR) GOUTAM SENGUPTA regulatory framework. which make it desirable for valuation the need to upgrade individual skills Ÿ Use of technological tools by the professionals to stay invested and and knowledge. Therefore, it RVOs & RVs in communication, ndia’s valuation domain at this PhD, PGDM (XLRI), BME, FIE grow along with it. becomes important that the RVs availability of required Data its O V - R V F i s c o n t i n u o u s l y juncture should place emphasis Chartered Engineer (IE), FCRIMM keep on acquiring such information e x t r a c t i o n & a n a l y s i s , requesting all Members to come on the need to develop high sincerely wish “The Valuer” and Life Time Certification (ISM-USA) I regarding latest developments, assessments and various other forward and join our various quality valuation professionals and the people behind it all glory and I knowledge & training to remain f u n c t i o n s c r e a t e e a s e i n organisational requirements with Chairman, IOV-RVF seek to achieve this by laying out a success. I competitive in the Profession. At the performing various activities. monetary benefits like: detailed and structured mechanism same time, the Registered Valuers Ÿ Keeping records in a well secured Ÿ as Faculty to teach the aspirants in that sets the standards for education organisations are equally responsible and managed repository system, various educational & training as well as delivery of courses. There t the outset, I congratulate to continuously provide such having ensured non-disclosure programs. should be institution of a ‘National the team of “The Valuer” for programs for the RVs. Monitoring formats to third party is capable Ÿ as content writers to frame MCQs Valuation Programme’ and a Chairman’s their commendable effort on a n d G r i e v a n c e R e d r e s s a l o f h a v i n g s h a r e d d a t a & course related contents. A ‘Graduate Valuation Programme’, publishing this issue with the theme mechanisms are the responsibilities information, thereby generating Ÿ as reviewers to peer review the while recognising the importance of as “South India”. I am sure this column of RVOs. Assessment of RVs through confidence amongst the Users & works done by Valuers. practice-based learning by requiring a p p r o a c h o f e n c o u r a g i n g these mechanisms has a potential to Valuers. Ÿ as advisor for our other such mandatory internships as part of contributions from different regions g u i d e t h e R V O s a n d R Vs t o Ÿ Availability of competent and activities where expert opinion in such programmes.
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