Saturday, December 5, 2020
Home News Reports “I don’t want Pappu to be my Prime Minister”: Investor Rakesh Jhunjhunwala says PM...

“I don’t want Pappu to be my Prime Minister”: Investor Rakesh Jhunjhunwala says PM Modi has performed very well

In addition, Jhunjhunwala heaped praises on the Modi government for initiating Ujjwala scheme and empowering lakhs of women with smoke-less LPG cylinders. Citing another ambitious initiative in the pipeline 'Nal me Jal' he said, “If I die tomorrow, I will die as a happy man. 40 per cent of diseases in India are water-borne. This scheme will immensely benefit Indians.”

Ace investor Rakesh Jhunjhunwala in an interview with Sreenivasan Jain pulled no punches in answering the questions ranging from the current state of the economy to bank NPAs and the governance of the BJP in the last five years. Jhunjhunwala, in his characteristic intrepid demeanour, stated that in his view PM Modi has done an excellent job as the Prime Minister of the country.

[youtube https://www.youtube.com/watch?v=IcZGzLyCQfA]

Listening about the adorations showered by Jhunjhunwala on PM Modi, a visibly perturbed Jain questioned him whether he found anything admirable in the previous regimes who governed the country? To this, Jhunjhunwala quickly retorted, “Jo ho gaya vo ho gaya. (Let bygones be bygones). I don’t want Pappu to be my Prime Minister. I support the BJP so I don’t want him as the Prime Minister.”

During an instance in the interview, Jhunjhunwala proclaimed that PM Modi is the most popular Prime Minister that India ever has. This did not sit well with the NDTV anchor who attempted to outsmart Jhunjhunwala by reminding him that popularism and performance are two different measures. However, Jhunjhunwala demolished him by stating that PM Modi has performed very well.

To the question if PM Modi has delivered as per the mandate given to him in 2014, Jhunjhunwala answered assertively that PM Modi has delivered on the promises made. “His constituency wanted the Article 370 to go. His constituency wants a Ram temple. He has delivered on those promises,” Jhunjhunwala added.

In addition, Jhunjhunwala heaped praises on the Modi government for initiating Ujjwala scheme and empowering lakhs of women with smoke-less LPG cylinders. Citing another ambitious initiative in the pipeline ‘Nal me Jal’ he said, “If I die tomorrow, I will die as a happy man. 40 per cent of diseases in India are water-borne. This scheme will immensely benefit Indians.”

With the all pervasive talk of impending economic catastrophe, Jain tried to corner Jhunjhunwala into censuring the government on the economic front. However, contrary to his expectations, Jhunjhunwala exclaimed that worst of economic crisis is behind us and the issue of the economic slowdown is blown out of proportion by the naysayers. Furthermore, he claimed that he has learned through his ‘channels’ and ‘sources’ that the economy of the country is on the mend after a brief slowdown.

Infusing optimism in the markets, the stock market wizard asserted that most of the Midcap stocks who have had severe beating in the last 18 months have bottomed out and are now poised for a growth rally. Although, he also suggested that people should consult their financial advisors before investing in the markets as there are multiple factors affecting the markets at any given point in time. Jhunjhunwala believes, it is the opportune time to invest in quality Midcap stocks.

With context to bank NPAs, Jain questioned Jhunjhunwala if it was fair on the banks’ part to exercise more caution and stringent policies while lending money, which is holding back the economy? In his riposte, Jhunjhunwala hailed PM Modi’s government for coming out of the first NPA cycle, adding further, “Most of these NPAs predate to 2014, the banks then lent money as if there was no tomorrow. After encountering a massive NPA crisis, a reluctance in lending money is but obvious. The demand will kick in and banks will once again start lending.”

This is, however, not the first time when Jhunjhunwala has indulged in straight talk. Ahead of the general elections, on February 2019, he had put his weight behind PM for a successive term in conversation with ET Now.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

‘King, please come back and save the country!’: Massive protests in Nepal demand the restoration of Hindu Monarchy

Hundreds and thousands of Royalists took to the streets of Nepal to demand the restoration of the Hindu Monarchy.

Rahul Gandhi tweets to fuel farmers’ protests: Here is how Congress had promised similar farm laws in 2019 election manifesto

Congress promised abolition of APMC Act and replacement of Essentials Commodities Act, 1955 in manifesto, thereby promises similar farm bills

Anil Vij tests positive for Coronavirus days after he joined third phase of vaccine trials: Here is why there is no reason to panic

As Covaxin trial is double blinded, there is 50% chance that Anil Vij got placebo in place of vaccine, and he only received one dose

TRS goes from 99 to 56 seats, BJP goes from 4 to 49: Here is why, and it is not what English media thinks

Elections to the GHMC were actually due in February of 2021 but TRS decided to pre-pone the elections by three months to gain an upper hand

NIA files chargesheet in Khalistan Liberation Front narco-terror case: Narco-terrorist Singh was using money from drug trade to strengthen KLF

Accused used to receive smuggled Heroin from Pakistan-based Jajbir Singh Samra and use proceeds to strengthen Khalistan cause

‘We will make Ravan humane, justify his abduction of Sita’: Saif Ali Khan on his role of ‘Lankesh’ in upcoming movie ‘Adipurush’

Saif Ali Khan courted another controversy recently after he revealed that the makers of his upcoming movie 'Adipurush' have decided to show 'Ravan' as humane

Recently Popular

‘We will make Ravan humane, justify his abduction of Sita’: Saif Ali Khan on his role of ‘Lankesh’ in upcoming movie ‘Adipurush’

Saif Ali Khan courted another controversy recently after he revealed that the makers of his upcoming movie 'Adipurush' have decided to show 'Ravan' as humane

How a teacher from Solapur, Ranjitsinh Disale, won the coveted Global Teacher Prize and $1 million: Here is his story

32-year-old teacher Ranjitsinh Disale won the Global Teacher prize and prize money of $1 million for his extensive work in the field of the girl child education

‘Inki aurate take-take ke bhaw bikti thi’, after justifying death threat to PM Modi, Yuvraj Singh’s father Yograj Singh humiliates Hindus

Though Yograj Singh does not explicitly mention Hindus in the videos, it is clear from the speech that it is what he meant

Ex-Indian cricketer Yuvraj Singh’s father Yograj Singh joins Farmer’s protests, justifies “Indira thok di” comment

Multiple videos of Yograj Singh, Yuvraj Singh's father, have gone viral on social media where he has been giving provocative speeches amid the ongoing farmer protests

From supporting Khalistanis to hurting religious sentiments of Sikhs: A brief intro of the new liberal favourite, Diljit Dosanjh

Singer Diljit Dosanjh has become the new blue-eyed boy of the left-liberal gang after he supported ongoing farmers protest

Watch: Angry Rajdeep Sardesai threatens to sack his staff in charge of social media for failing to link up his Instagram live

Rajdeep Sardesai had announced that he was doing a live chat on his Instagram page to discuss Hyderabad municipal election results

Kerala CM Pinarayi Vijayan objects to renaming of Rajiv Gandhi Centre for Biotechnology after RSS ideologue MS Golwalkar

Kerala CM Pinarayi Vijayan said that Rajiv Gandhi Centre for Biotechnology should be named after some eminent scientist

Indian migrants constitute the largest high-skilled diaspora in OECD countries: Reports

The OECD report further emphasised that the Indian diaspora constituted the largest high-skilled diaspora in OECD countries.

Maharashtra government confirms that Anvay Naik murdered his own mother, Arnab Goswami moves HC against charge sheet: Here are the details

Arnab Goswami has alleged that Maharashtra police filed the charge sheet by following the dictates of the state government

Assam: FIR registered against ‘Ajmal Foundation’ run by AIUDF Chief for receiving funds from foreign Islamic organisations linked to terror funding

Yesterday we reported how in a thread of Tweets LRO had accused Ajmal Foundation of receiving foreign funding to a tune of Rs 69.55 crore

Doctors advise Shiv Sena leader Sanjay Raut to talk less following angioplasty surgery

Sanjay Raut had undergone angioplasty surgery on Thursday wherein two stents were placed in his artery

Prime Minister Modi to lay the foundation stone of the new Parliament building on December 10

The construction of the new Parliament building that will commence this month, is expected to be completed in October 2022.

‘Don’t want to be controlled by high command culture from Delhi’: Aam Aadmi Party Goa founder Elvis Gomes quits

Elvis Gomes alleged that the Aam Aadmi party has lately deviated from its ideologies and has compromised on its core principles

West Bengal: Several persons injured after bombs hurled at BJP rally in West Burdwan district, BJP blames TMC for the attack

TMC denied the allegations, and said it was a staged and premeditated attack by the BJP to divert attention from 'burning' issues

Pune Mirror shuts down due to the economic crisis triggered by Coronavirus pandemic, Mumbai Mirror to relaunch as weekly

The Times Group has decided to shut down the publishing of the Pune Mirror due to the economic crisis triggered by COVID-19.

Karnataka: Journalist exposes illegal cow slaughterhouses in Hassan, Muslim mob, including several women, attack her

The woman journalist, accompanied by NGOs and police officials, visited the four illegal slaughterhouses and five cattle hoarding spots in the city.

Connect with us

245,563FansLike
493,502FollowersFollow
20,300SubscribersSubscribe