NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
CONCEPT OF REPO RATE- ALL YOU NEED TO KNOW Repo Rate Repo rate is the rate of interest at which commercial banks borrow money from the central bank i.e. Reserve bank of India (RBI). In the case of inflation, RBI increases the repo rate, and in the case of deflation decreases it. RBI increases the […]
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RIGHT TO EQUALITY-ALL VALUERS NEED TO KNOW The Constitution says that the government shall not deny to any person in India equality before the law or the equal protection of the laws. It means that the laws apply in the same manner to all, regardless of a person’s status. This is called the rule of
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MEANING OF DEFAMATION –ALL VALUERS NEED TO KNOW Section 499 of the IPC defines defamation as words spoken or written, or signs or visible representations made or published with an intention of damaging the reputation of a person or a group of persons. Defamation may be bifurcated into two: Libel: A defamatory statement made in writing.
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PROPERTY VALUE AND MARKETABILITY-ALL YOU NEED TO KNOW Homeowners who are looking to sell their property will be looking for ways to maximise the potential selling price that they are able to obtain in today’s property market. The marketability of the property is determined by how ready it is to sell. The first distinction that
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METHOD OF RATE ANALYSIS WITH CALCULATION IN CIVIL ENGINEERING RATE ANALYSIS The rate analysis process gives a clear idea of different forces acting behind the performance of a specific item. It should be noted that the rate analysis of any item is never finished. The basic of arriving at a reasonable or true rate per
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FACTORS AFFECTING THE DESIGN MIX OF CONCRETE Concrete mix design is the indication of concrete mix propositions including the type of admixtures used, concrete slump, etc.It provides a clear indication of which amount to be used for each type of material. The concrete mix design is a process of selecting suitable ingredients for concrete and determining their
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DIFFERENCE BETWEEN PROVISION AND CONTINGENT LIABILITY Provision It is the present obligation that arises due to previous events. Provision decreases asset values. This is for bad debts and doubtful debts are commonly recorded debts. Over-provision or under-provision is recognized by comparing with the previous years and is charged in an income statement. The provision amount
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CIVIL ENGINEER LEARN AUTOCAD, REVIT AND STAAD PRO A core program most civil engineers need at least a working knowledge is AutoCAD. Knowledge of other programs like Revit and STAAD Pro are essential to other disciplines, which can make you much more valuable in the workplace. AutoCAD AutoCAD is a computer-aided design (CAD) program used
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ALL YOU NEED TO KNOW ABOUT THE LAND ENCROACHMENT ACT Land Encroachment Encroachment is a situation where a person violates the property rights of the owner. It could mean putting up a structure in someone else’s property or land. Usually, vacant or unattended properties are easy targets for property encroachers. Encroachment is usually intentional, where
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HOW WE CAN CHALLENGE A WILL- ALL YOU NEED TO KNOW Typically, challenging a will can be a difficult proposition, requiring a great deal of time and expenditure. Interestingly, 90 percent of the wills are passed without being challenged. However, you may challenge a will on four major grounds. And, if you are successful in
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IMPORTANCE AND BENEFITS OF PROPERTY VALUATION FOR SELLERS Property valuation is an assessment done to understand the actual value of a property. Though not legally required in India, getting a property valuation done is greatly recommended for several reasons. As a seller, it is crucial for you to get the right price for the property
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DIFFERENT TYPES OF ECONOMIC SYSTEMS An economic system serves as a regulatory system for controlling different aspects of production and distribution, including capital, labor, land and other physical resources. In an economic system, there are many essential entities, agencies and decision-making authorities. Additionally, economic systems typically follow patterns of use and consumption that make up
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