Opinion: Delhi's Deadly Air Pollution Is A Water Crisis In Disguise

Opinion: Delhi's Deadly Air Pollution Is A Water Crisis In Disguise

Andy Mukherjee | Bloomberg | Friday November 09, 2018

India is home to nine of the world's 10 most-polluted cities. Beyond the health risks, the smog crisis threatens to erode competitiveness just when the country is starting to boast of rapid improvements in its ease-of-doing-business rankings.

Opinion: The Growing Brawl Between RBI's Urjit Patel And Team Modi

Opinion: The Growing Brawl Between RBI's Urjit Patel And Team Modi

Andy Mukherjee | Bloomberg | Monday October 29, 2018

If the standoff with the government gets any worse, a test of the central bank's dire warning could come soon.

Opinion: India's Mutual Fund Carnage Shows Peril Of Ignoring Liquidity

Opinion: India's Mutual Fund Carnage Shows Peril Of Ignoring Liquidity

Andy Mukherjee, Bloomberg Opinion | Friday October 12, 2018

Individual investors started returning to collective investment vehicles after the 2014 general elections, hoping for a reset to an economy held back by corruption scandals and policy paralysis. They doubled down after Prime Minister Narendra Modi's shock November 2016 currency ban pulled 86 percent of people's cash into bank accounts.

Opinion: With IL&FS Move, India Ducks Lehman Moment. Now The Test

Opinion: With IL&FS Move, India Ducks Lehman Moment. Now The Test

Andy Mukherjee | Bloomberg | Wednesday October 03, 2018

Now that the government is backing its liabilities, IL&FS presumably can survive on a thinner layer of equity than it would have otherwise needed.

Opinion: Now Only Government Can Use Aadhaar Database, And That's A Problem

Opinion: Now Only Government Can Use Aadhaar Database, And That's A Problem

Andy Mukherjee | Bloomberg | Tuesday October 02, 2018

The world's biggest repository of citizen information, India's Aadhaar database, is now beyond the private sector's reach. That was the verdict last week by the country's top court, which refused to strike down the entire biometric-based system as unconstitutional. Now only the government can use it, and that's a problem.

Opinion: Crisis-Hit IL&FS Needs To Go Under The Knife, Very Soon

Opinion: Crisis-Hit IL&FS Needs To Go Under The Knife, Very Soon

Andy Mukherjee | Bloomberg | Friday September 28, 2018

Infrastructure Leasing & Financial Services (IL&FS) Ltd. had 30 years to spawn an Indian clone of Macquarie Group: a powerhouse of finance, investments, asset ownership and risk management. Instead, Ravi Parthasarathy, the founder who stepped down recently as chairman, went on to build an unwieldy, debt-fueled empire that has now crumbled.

Opinion: India Needs to Stop the IL&FS Rot From Spreading

Opinion: India Needs to Stop the IL&FS Rot From Spreading

Andy Mukherjee | Bloomberg | Tuesday September 25, 2018

It's important for the Reserve Bank of India to join forces with the Securities and Exchange Board of India to deal with the fallout. Their urgent first step must be an emergency bailout of IL&FS, before it does more harm.

Opinion: In IL&FS, Story Of India's Own Belt-and-Road Debt Fiasco

Opinion: In IL&FS, Story Of India's Own Belt-and-Road Debt Fiasco

Andy Mukherjee | Bloomberg | Tuesday September 18, 2018

IL&FS and its associates have $12.5 billion in debt, of which $500 million is due over the next six months.

Opinion: This Debt-Hit Group Is Behind India's Own Mini-Lehman Moment

Opinion: This Debt-Hit Group Is Behind India's Own Mini-Lehman Moment

Andy Mukherjee | Bloomberg | Thursday September 13, 2018

Repugnant as the idea may be to taxpayers, socializing losses is often the only way to avoid panic from spreading.

Opinion: By A 99.3 Per Cent Verdict, Demonetisation Was a Farce

Opinion: By A 99.3 Per Cent Verdict, Demonetisation Was a Farce

Andy Mukherjee | Bloomberg | Friday August 31, 2018

In the chaotic final months of 2016, angry citizens were slamming the Reserve Bank of India by calling it the "Reverse Bank." It's taken Governor Urjit Patel, who had only recently stepped into the top job, almost two years to reassert his authority and reestablish the institution's credibility with a couple of notable successes just this week.

Opinion: Amazon's Real Rival In India Isn't Walmart, It's Mukesh Ambani

Opinion: Amazon's Real Rival In India Isn't Walmart, It's Mukesh Ambani

Andy Mukherjee, Bloomberg Opinion | Thursday August 16, 2018

India is pegged to be a $1 trillion digital economy by 2025, and Bezos, Ambani, and Walmart-Flipkart all want a piece of the action.

Opinion: IDBI Deal Is Money Down The Drain For Life Insurance Corporation

Opinion: IDBI Deal Is Money Down The Drain For Life Insurance Corporation

Andy Mukherjee, Bloomberg Opinion | Tuesday June 26, 2018

If LIC cares about its fiduciary responsibility to policyholders, it will pass this one up. But then, it can never say no to New Delhi. LIC already owns about 11 percent of IDBI, thanks to its previous participation in rescue missions.

Opinion: Chanda Kocchar's Gone; Unlike Elvis, She Won't Be Missed

Opinion: Chanda Kocchar's Gone; Unlike Elvis, She Won't Be Missed

Andy Mukherjee | Bloomberg | Tuesday June 19, 2018

Chanda Kochhar, the chief executive officer of India's second-biggest lender, has left the building, and her new deputy should waste no time in letting stakeholders know who the real boss is: It's him.

Opinion: Bad Bank Politically Expedient Before 2019 Polls, But A Bad Idea

Opinion: Bad Bank Politically Expedient Before 2019 Polls, But A Bad Idea

Andy Mukherjee, Bloomberg Opinion | Tuesday June 12, 2018

The proposal to set up a bad bank looked senseless even when it was first mooted in early 2016. It looked downright silly when the finance ministry floated the idea of raiding the central bank's reserves to run the rehab clinic for toxic debt.

Opinion: Fraud-Hit Fortis Must Hand 4 Directors A Pink Slip

Opinion: Fraud-Hit Fortis Must Hand 4 Directors A Pink Slip

Andy Mukherjee | Bloomberg | Monday May 21, 2018

Fortis Healthcare Ltd. has to admit a new owner to keep the lights on. Before it does, though, India's second-largest hospital chain must write four of its board members a discharge slip.