Friday, August 7, 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

Muslims chose to stay back in India: An analysis of the mythical, unsubstantiated trope that is used to make Hindus feel guilty

Muslims who stayed back in India after the partition, did not primarily do so out of their innate love for mother India

Soil from ancient Sharda Peeth in PoK was also used in Ram Mandir Bhoomi Pujan: Read how VHP and some dedicated devotees managed that

This Sharada Peeth is significantly important for Hindus because it is said to be one among the 18 Maha Shakti Peethas.

Assam: Ram Mandir Bhoomi Pujan celebration by Bajrang Dal attacked by Muslim locals, curfew imposed

The Muslim locals allegedly objected to the Bajrang Dal members chanting slogans and playing music. The arguments soon led to a violent clash.

Ram Janmabhoomi movement: Three sacrifices that can never be forgotten

Five hundred years of struggle went into Ram Janmabhoomi moment. There would be so many heroes that it is impossible to remember them all.

From being bigoted, kids are ‘hope of secularism’. The Wire’s Rohini Singh explains how

The Wire journalist Rohini Singh on Wednesday took to Twitter to share an image wherein she claimed that her child drew a mosque and a temple side by side and wrote an essay on tolerance.

Hindu cricketer Danish Kaneria deletes tweet about Ram Mandir billboard in NYC after Pakistani Islamists flood his TL. Here is what happened

The former Pakistani cricketer had shared an image featuring Ram Mandir's digital image in a giant billboard at New York's Times Square before deleting it.

Recently Popular

Twitter user arrested by Maharashtra police for criticising the Uddhav Thackeray govt on social media

Mumbai Police arrested Twitter user Sunaina Holey for posting against Maharashtra CM and his son, to be presented in court today

Here is why #BabyPenguin is trending on Twitter, and why Aaditya Thackeray is called so by some

Yuva Sena registered complaint against twitter user for calling Aaditya Thackeray "Baby Penguin" and Uddhav Thackeray "Aurangzeb"

While most Bollywood actors and cricketers chose not to welcome Ram Mandir, here are the ones who did not shy away

Only a few actors and sportspersons celebrated Ram Mandir Bhoomi Pujan and shared wishes on social media.

TV actor Sameer Sharma found hanging from the kitchen ceiling, case of accidental death registered

After body of Sameer Sharma was recovered from his house, a case of accidental death has been registered by the Malad police

Muslims chose to stay back in India: An analysis of the mythical, unsubstantiated trope that is used to make Hindus feel guilty

Muslims who stayed back in India after the partition, did not primarily do so out of their innate love for mother India

Maulana from All India Imam Association threatens that ‘believers of justice’ will demolish Ram Mandir and rebuild disputed structure

Maulana Rashidi stated that the Ram Mandir will one day be demolished and a disputed structure will be rebuilt.

Pakistan borrows $1 Billion from its all-weather ally China to repay $1 Billion Saudi Arabia loan to avoid default on international debt obligations

China tightens its grip over Pakistan, gives $1 billion loan to repay Saudi Arabia's $1 billion loan, grants 90% of $6.8 billion railway project

CBI registers case against Rhea Chakraborty, her family and aides in Sushant Singh Rajput death case

CBI files case against Rhea Chakraborty, her father, mother, brother and 2 others in Sushant Singh Rajput's death case

‘As a CM I have no problem with any religion, but as a yogi, I will not go for a Mosque’s ground-breaking ceremony’: Yogi...

When asked whether he will attend ground-breaking ceremony for the mosque at Ayodhya, Yogi Adityanath said that he will not be invited

Complaint filed against Maulana Sajid Rashid for inciting Muslims to demolish Ram Mandir at Ayodhya

President of the All India Imam Association Sajid Rashidi had said that a mosque will be rebuilt after demolishing the Ram Mandir

15th EU-India Summit: Promising an opportunity for India in the post-COVID world

The 15th EU-India Summit was held in the virtual space, which can be called the Covid-19 era normal. Before the pandemic made its presence felt, this Summit was planned to be held in March in Brussels.

Dalit organisation lodges a complaint with MHA seeking an FIR against AIMPLB for intimidating and hurting the faith of Hindu Dalits

AIMPLB had issued a menacing threat yesterday hinting at converting the Ram temple back into a mosque

CBI starts the process of registering a case in Sushant Singh Rajput’s death case, forms SIT for the probe

CBI to probe Sushant Singh Rajput's death after the center issued the letter to CBI on Bihar Police’s request on 5th August

Is being a Hindu acceptable but having faith in Hindutva ‘dangerous’? Quite the contrary

Is being a Hindu acceptable while faith in Hindutva is not? Is it even dangerous? Many Hindus seem wary to be associated with Hindutva

Mumbai faces massive flooding and destruction due to heavy rain, rainfall in one day exceeds the season’s average

Mumbai received 2,319.7 mm rain on Wednesday, which is more than the seasonal average of 2,206.4 mm, causes heavy flooding

Muslims chose to stay back in India: An analysis of the mythical, unsubstantiated trope that is used to make Hindus feel guilty

Muslims who stayed back in India after the partition, did not primarily do so out of their innate love for mother India

Connect with us

239,250FansLike
423,282FollowersFollow
291,000SubscribersSubscribe