@upsc2020 thanks for your nice suggestions. these points will definitely make the answer better and richer. ^_^
Why value based education is important?
however talented a person may be; his contribution to the society directly depends on the values he has imbibed. If the values are negative, the higher skill will result in higher negative contribution.
Osama Bin Laden, Harshad Mehta, Ketan Parekh, etc. are examples of such high skill and low values.
dedication to public service, compassion towards the weaker-section
Ranjitsinh Disale, a Zilla Parishad teacher from Solapur district has won the Global Teacher Prize of USD 1 million for using QR codes while imparting lessons and using various other innovative methods in teaching to reduce dropout rate especially in female students.