GENERALLY ACCEPTED ACCOUNTING PRINCIPLES
Is this the era of humanities over engineering?
Carl Sagan's vision of a broad education encompassing humanities alongside STEM may be returning, driven by AI advancements. Agentic AI, capable of performing tasks independently, shifts the focus to human skills like critical thinking and asking insightful questions. As AI handles technical tasks, humanities provide crucial frameworks for understanding context, ethics, and creativity.
JSW Steel-Bhushan Power fallout: In the absence of legal certainty, foreign investors may shun stressed assets
SC's decision to overturn JSW Steel's acquisition of Bhushan Power & Steel has shaken India's insolvency resolution framework. This ruling raises concerns about the finality of IBC deals, potentially deterring global financial investors from the distressed asset market due to increased legal uncertainty.
Faceless GST system needed; Rs 80,000 cr GST dues must be resolved: Delhi CM Rekha Gupta
Delhi Chief Minister Rekha Gupta advocated for a "faceless" and transparent GST system, noting that Rs 80,000 crore in GST dues are pending due to disputes. She urged GST officers to avoid summoning businessmen already appearing in court and praised Chartered Accountants for their role in resolving tax disputes and boosting economic growth.
Taurus Monthly Horoscope, Tarot Reading - May 2025: Grounded Wisdom, Emotional Fulfillment & Mental Liberation
Monthly Horoscope - Taurus, Tarot Reading: The Hierophant advises Taurus this month to re-establish contact with spiritual principles or conventional teachings, therefore indicating a period for introspection and greater awareness. Showing that your goals are starting to materialize in significant ways, the Nine of Cups offers a gratifying emotional pinnacle. Though, with the Eight of Swords, you might feel psychologically trapped or constrained by anxiety or self-doubt
Caste Census: Ambedkar's call for limiting reservation to minimum likely to be violated
Caste, a social structure in India, is now central to politics. Parties analyze caste composition before candidate selection. The Union Cabinet will conduct a caste census. This census requires a Register of Castes and a 'casteless' option. Past surveys increased reservation demands. Breaching the 50% reservation limit may cause social unrest.
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Laid-off techie faces harsh Indian reality after 10 years in US: 1-year experience in Delhi, Mumbai, Hyderabad goes viral on Reddit
A Reddit post by a U.S.-returned Indian professional has gone viral after he detailed his struggles adapting to life in India following his layoff from a tech job in the U.S. After spending over a decade abroad, he expressed deep frustration with India's poor infrastructure, pollution, lack of civic sense, and public apathy. His comments triggered a wide range of responses, with some agreeing and sharing similar experiences, while others criticized him for speaking negatively about the country.
If India attacks Pakistan, Bangladesh along with China should occupy 7 Northeastern states: Yunus' aide
A former Bangladesh Army officer, Major General (Retd) ALM Fazlur Rahman, stirred controversy after suggesting a joint military move with China to occupy India's northeastern states if India attacks Pakistan in response to the Pahalgam terror incident.
RBI data: Rs 2000 notes worth Rs 6,266 cr still in circulation after withdrawal 2 yrs ago
Despite the Reserve Bank of India withdrawing Rs 2000 notes in May 2023, Rs 6,266 crore worth of these notes remain in circulation as of April 30, 2025. The RBI reports that 98.24% of the notes have been returned.
FD interest rate up to 8.70%: Shivalik SFB and IDFC FIRST Bank revise savings account and FD rates
Shivalik Small Finance Bank and IDFC FIRST Bank will revise interest rates. The change applies to savings accounts and fixed deposits. Shivalik SFB savings rates range from 2.50% to 8.20%. Their FD rates go from 3.50% to 8.20% for general citizens. IDFC FIRST Bank savings rates are between 3% and 7.25%. Their FD rates vary from 3% to 7.
Pakistan Human Rights Commission highlights decline in civic freedoms, deteriorating law and order
The Human Rights Commission of Pakistan's 2024 report reveals a decline in civic freedoms, compromised elections, and a rise in terrorist incidents, particularly in Khyber Pakhtunkhwa and Balochistan. State-sanctioned violence persisted, with enforced disappearances and extrajudicial killings reported. Blasphemy accusations led to imprisonments and violence against minorities, while restrictions on freedom of expression and assembly intensified, highlighting challenges to dissent.
Govt debunks claims of Army commander 'removal' after Pahalgam attack as fake
The government has refuted claims on social media. These posts alleged Lt Gen MV Suchindra Kumar was removed after the Pahalgam attack. PIB clarified the General is retiring on April 30. Lt Gen Pratik Sharma will be the new Northern Army Commander. PIB also flagged fake documents about Indian Army preparedness.
OpenAI’s ‘annoying’ GPT-4o update rolled back; sycophancy explained
OpenAI has rolled back the recent GPT-4o update in ChatGPT due to user concerns about its excessively agreeable and flattering tone. The company acknowledged relying too heavily on short-term feedback, leading to insincere responses. OpenAI is now working on fixes to model personality, improve training methods, and add stronger safeguards for honesty and transparency.
These 11 banking stocks can give more than 27% returns in 1 year market, according to analysts
Every sector has a key element and it is important to look at it if you are investing in that sector. In the case of banking, it is NPAs, or non-performing assets. Why the abbreviation before the full form? We react to news before understanding it. News is the abbreviation whose meaning becomes clear only on closer examination. So, while looking at the Q4 numbers of banks, it is important to look at NPAs. But there is another number which is equally important: Credit growth. It is likely to remain muted. And that in itself is not a bad sign. Asset quality is good and stays that way if NPA numbers are stable and the books are reliable.
Pakistan's General Asim Munir is itching for a fight. Are his soldiers willing?
General Asim Munir's recent speech on Kashmir may have triggered Pahalgam attack. The Pakistani military faces eroding credibility due to political interference. Public dissent and rising internal insurgency impact soldier morale. Rumors of resignations circulate amidst growing tensions. Imran Khan's arrest and subsequent protests further strain civil-military relations.
IndusInd Bank CEO steps down. Here's how the stock may react on Wednesday amid investor concerns
IndusInd Bank CEO: IndusInd Bank CEO Sumanth Katpalia has resigned amid accounting lapses in its derivatives portfolio, triggering investor distrust. The stock may face further pressure as pledged holdings add risk.
SC rules Sharia courts, Kazis have no legal standing; grants maintenance to Muslim woman
In a key ruling, the Supreme Court reaffirmed that bodies such as Sharia Courts and Courts of Kazi have no legal standing in India. The judgment came while granting maintenance to a Muslim woman whose husband had relied on a 'Darul Kaja' decision for divorce. The bench quashed earlier rulings that had denied her support and criticised assumptions about dowry and second marriages. The court also stressed that personal law cannot override constitutional protections or legal process.
South India loves 'Bhai' but does not buy his films' tickets? Nani has a sweet reply for Salman Khan
Telugu actor Nani has strongly refuted Salman Khan's claims about Bollywood's limited acceptance in South India, emphasizing the long-standing love for Hindi cinema in the region. Nani highlighted the popularity of Bollywood classics and stars like Amitabh Bachchan, asserting that Salman Khan's own success owes much to South Indian audiences.
U.S. accounting firms tap India to alleviate talent crunch
U.S. accounting firms are increasingly turning to India to address a critical shortage of accountants at home. This surge in recruitment is boosting enrollment in specialized commerce courses in India, potentially establishing the country as a hub for accounting talent. Firms like RSM US and Moss Adams are expanding their Indian operations, mirroring the tech industry's outsourcing boom.
UN chief stands ready to support any initiatives, acceptable to India, Pak for 'de-escalation', 'resumption of dialogue'
UN Secretary-General Antonio Guterres expressed deep concern over the escalating tensions between India and Pakistan following the deadly terrorist attack in Kashmir. He urged both governments to exercise maximum restraint and offered UN support for de-escalation and the resumption of peaceful dialogue. The UN Security Council condemned the attack and stressed the importance of holding those responsible accountable.
IndusInd Bank deputy CEO Arun Khurana quits amid Rs 1,960 crore derivative loss scrutiny
IndusInd Bank's Deputy CEO, Arun Khurana, resigned amidst a Rs 1,959.98 crore loss from misaccounted derivative trades. This follows the bank's announcement of corrective actions against responsible employees and a senior management overhaul. The losses, stemming from incorrect accounting of internal derivative trades, have raised concerns about internal controls and risk management, impacting investor confidence.
Court accepts ED closure report in CWG scam case
A local court has approved the Enforcement Directorate's (ED) closure report in a money laundering case connected to the 2010 Commonwealth Games scandal, which involved former IAS officer Vijay Kumar Gautam. The ED's investigation stemmed from a CBI FIR that also implicated Suresh Kalmadi and others.
Pahalgam attack: 'Definition of Aggression' can nail Pakistan in UN General Assembly
Pakistan may face accountability in the UN General Assembly for the Pahalgam attack under a 1974 resolution concerning aggressors supporting armed groups. As a non-permanent UNSC member until 2026, Pakistan might leverage China to obstruct any implicating resolution. India is gathering evidence to present to the UNGA, while the UNSC has already condemned the attack.
Savings bank account: Monthly credit of interest, up to 7% interest rate in this bank from May 1, 2025
Savings a/c interest: You can get up to 7% interest rate on savings bank account of RBL Bank on a monthly basis. This new development is as per an email by the RBL Bank to its customers on April 26, 2025. Read below to know how the slabs are going to be calculated.
Here’s what you can do with soiled, torn currency notes to get new ones or a refund
The Reserve Bank of India has established guidelines for exchanging damaged currency notes, including soiled and mutilated ones. Soiled notes, which are dirty or slightly torn, can be exchanged at any bank branch. Mutilated notes, with missing parts but identifiable security features, can be exchanged at designated branches, with refunds based on the extent of damage.
Is Shoaib Akhtar's YouTube account banned as govt restricts Pakistan's media channels in India?
Following the Pahalgam attack and escalating tensions, the Indian government has banned several Pakistani YouTube channels, including that of cricketer Shoaib Akhtar. The ban is due to the dissemination of provocative content, false narratives, and misinformation against India, its Army, and security agencies.
Is your promotion a trap? The Peter Principle reveals how employees can rise to a level of incompetence and identity crisis
The Peter Principle asserts that employees are often promoted to their level of incompetence, where their skills no longer align with new responsibilities. This phenomenon leads to inefficiencies and identity crises, as individuals struggle in roles they are unprepared for. Addressing this requires promoting based on leadership potential, not just past success, and providing adequate training.
Kailash Yatra to resume this June after 5-year gap
After a five-year hiatus, the Kailash Manasarovar Yatra is set to resume between June and August, the external affairs ministry announced. Pilgrims will traverse through Lipulekh Pass in Uttarakhand and Nathu La Pass in Sikkim. Online applications are now open at kmy.gov.in.
Is The Accountant 3 in the works? Here’s what star Ben Affleck revealed about the next edition
In The Accountant 2, now playing in theaters, audiences watch as Christian struggles and repeatedly fails to build a healthy romantic relationship.
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