The ruling by US Judge Steven Rhodes, who cited the city's dismal finances and $18 billion owed to a multitude of creditors in support of his decision, marks a watershed in the history of Detroit.
The judiciary has started going beyond the technicalities of the agreements and awarding compensation to buyers.
The expansion in equity market volumes is driven by retail speculators indulging in heavy trading of complex derivatives that are economically unproductive, say Praveen Chakravarthy and T V Somanathan.
The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.
The former McKinsey India head is presently on board of many big Indian conglomerates.
Manipur needs an integrated politico, military, socio-economic approach, says Sanjeev Nayyar.
The decision of the Union Cabinet based on the Group of Ministers recommendations only creates an illusion by removing the political executive and creating a proxy institution instead, says Arun Jaitley
The decision of the Union Cabinet based on the Group of Ministers recommendations only creates an illusion by removing the political executive and creating a proxy institution instead, says Arun Jaitley
A Swiss national who has run soccer's powerful governing body for the past 17 years, 79-year-old FIFA boss Sepp Blatter has now for the first time become the focus of a criminal investigation.
For all the blame-game over the flood preparedness in Chennai and elsewhere in Tamil Nadu and Puducherry, this is not the first of its kind. Nor would it be the last, given the nature of the north-east monsoon, says N Sathiya Moorthy.
Senior journalist Sandeep Unnithan, author of Black Tornado, a semi-official account of the 26/11 attacks, was on Rediff.com chat on November 26. In what was a frank and instructive interaction Rediff users spoke to the scribe about his views on the status of security and possible upgrades to the same.
In anticipation of a verdict to be delivered by the International Tribunal of the Permanent Court of Arbitration in The Hague on Tuesday, China has orchestrated a worldwide campaign to defuse its findings.
In 28 months, Manohar Parrikar as defence minister developed easy relationships with the top brass of the three Services as was rarely ever witnessed before. He threw caution to the winds and managed to pull the forces out of a downward spiral in operational capabilities.
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
When most nonagenarians are content to pass their time in their neighbourhood's gardens, Raj Kumar Vaishya, 96, has enrolled himself in the Patna-based Nalanda Open University to pursue his lifelong dream of earning a masters in economics, reports MI Khan.
'The most valuable personal sensitive information of present and future citizens has been made available to foreign data firms and governments and non-State actors for all time to come,' says Gopal Krishna.
The NHAI says non-availability of funds from private developers and financial institutions is also responsible for major delays.
'I feel now we have a leader who is non-corruptible.' 'But he needs time as corruption is deep-rooted in our society, and people have no shame about being corrupt.' 'It will take at least 7 years to make some changes.'
Govt says coastal road is meant to decongest Mumbai, experts believe it would be counter-productive.
'After Rajan is back in India, our resident dons are almost down. I won't say that they are out. So, now the obvious question is about Dawood, and the present government, I think, is more than willing to address that issue.' 'I think the political system made this kind of people; the corporate world made this kind of people. I have mentioned in my book that even the banks were using these outlaws to get their money back.'
With facts and figures, the CAG report has highlighted how Gujarat was far from a role model for states across India, and that the progress made in this province in western India in improving agriculture, education, healthcare and empowerment of women and children, was not exactly creditable, says Paranjoy Guha Thakurta.
Hepzi Anthony takes a look at the procedures the government has put in place to streamline the process of handling runaway children
'The so-called separatists are representatives of Pakistan. They get paid from Islamabad for propagating that country's policy and conniving in her ploy of accession of Kashmir to Pakistan.'
Economist Dale W Jorgenson declares that India is doing "very, very well" and forecasts that India might continue to outrun world economies, including China over the next many years.
Nikita Puri and Dhruv Munjal explain why new-age businessmen are turning to exclusive, uber-rich clubs.
We get tangled up in our own crooked web on purchases, and the murky arms bazaar knows it, says Shekhar Gupta.
Contentious issues such as the construction of a Ram Temple in Ayodhya, abrogation of Art 370 giving special status to Jammu and Kashmir and enactment of Uniform Civil Code have been included in the Bharatiya Janata Party's election manifesto with the party making promises on them.
Do not declare them under Income Tax.
'It's not only holy reverence that drives them to such vigilantism -- there is adventure too.' 'Some of the younger gau rakshaks enjoy the thrill of the chase: Stopping vehicles, wielding weapons, badgering passengers and then gloating.'
The new numbers did not apparently pass consistency checks with production, inputs, or movements in the National Stock Exchange.
Last week, the government had introduced a fresh round of austerity measures, including bans on first class travel, creation of new posts and holding meetings in five-star facilities.
Shekhar Chakravarty has developed and patented Curvo -- world's first non-linear ropeway system.
The controversy over Sant Rampal and his army of followers taking the law into their hands has once again thrown the spotlight on the clout that India's godmen possess.
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The rupee tumbled past 63.00 to the dollar, down about 2 per cent on the day and breaching the previous low of 62.03 hit on Friday despite a spate of measures in recent weeks by the central bank and government to defend it.
