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KATHMANDU nike air max 97 undefeated australia , March 1 (Xinhua) -- Nepali Congress senior leader Dr. Ram Saran Mahat on Tuesday finally assumed his post as the country 's new finance minister, eliciting cheers from the private sector, investors and all Nepalis who have long been looking forward for an economic revival in the poor Himalayan nation.
There are two main reasons why Mahat's reemergence as exchequer for the fifth time since the 1990s has excited the people.
First, he is a pro-market nike air presto pink australia , pro-democratic and believer of liberalization and open economy. Second, he is among the few Nepali politicians who have a better understanding of economics and its importance to national development.
As a brilliant economist and an ardent believer in the private sector as the main engine for economic growth, Dr. Mahat has proved his caliber during the four times that he had held the finance portfolio in the past.
Dr. Mahat is considered to be one of the architects of Nepal's liberalization policy in the l990s. During his tenure, he instituted several reform measures to revitalize Nepal's economy.
"The first generation of economic reformation did well for the strengthening of Nepal's economy nike air presto high australia ," Dr. Mahat said a few days ago, "It's a high time to initiate the second generation economic reforms."
One of Nepal's respected economists, Bishamvar Pyakurel, told Xinhua that Dr. Mahat's second generation economic reform should not be limited to accelerating the current sluggish economy. It will also sustain the economy by preparing a better environment for business activities and by attracting foreign direct investments into the country.
Dr. Mahat is not unfamiliar with the incongruities and defects in Nepal's economic development and the big question is how he will respond to them and pave way for a sustainable growth.
"His past track record does not allow one to suspect about his capability. But he has assumed the job at a time when people have high expectations from him and this is his biggest challenge nike air presto ultra flyknit australia ," Pyakurel said.
Currently, the government is struggling to expedite development expenditure with seven months of the current fiscal year already gone. Nepali banks and financial institutions have excessive liquidity while investors are still waiting for the right signal from the government.
The inflation rate has almost doubled while the trade deficit has ballooned. Industries are cutting down their operations and many youths are leaving the country to seek jobs abroad.
Analysts said that the real challenge for Dr. Mahat is to ensure a sustainable and balanced development in Nepal despite the continued political bickering and the lack of a constitution that would guide the country in uniting the people.
Experts also believe that improving the business climate and instituting reforms in governance in order to ensure faster delivery of services to the general public and enabling the private sector to invest in the infrastructure sector are part of the challenges that the new finance minister has to face.
For the last five years, Nepal has hardly achieved more than 4. 5 percent annual economic growth. Since the country had achieved 5. 8 percent growth during his tenure as finance minister before 2008, analysts said that this level of growth can be achieved now if Dr. Mahat would become more proactive.
It will also be the new finance minister's task to implement what Nepali Congress (NC) had promised the people during the election for the constituent assembly (CA) members.
In its election manifesto nike air presto womens australia , the NC presented an ambitious plan of achieving 8-10 percent economic growth within four years and 12 percent growth in the succeeding years.
"The major challenge for Mahat will be to execute the promises of Nepali Congress and to maintain his track record by moving the country's economy forward," economist Rameshwor Khanal said.
Khanal said that Nepal's private sector has been waiting for the passage of some 21 bills and laws related to business, labor, economy and investment nike air presto mens australia , some of which have remained pending at the Parliament for the last decade.
"Crucial laws including the Foreign Direct Investment Act, Special Economic Act, Labor Laws, Industrial Enterprises Act and Intellectual Property Act nike air presto blue australia , among others, should be instantly introduced if the new finance minister is to release the economy from being dominated by the partisan politics as in the past," added Khanal.
GAZA, March 16 (Xinhua) -- The 32-year-old Gaza Strip resident Abdul Rahman Hammad voiced carelessness and not very much interested in the results of the Israeli parliamentary elections due on Tuesday nike air presto purple australia , although the elections are decisive for Gaza and in particular for the Palestinians in general.
Hammad told Xinhua that he did not see or notice any differences between the various Israeli parties, who race for the formation of a new Israeli government, mainly in terms of the growing violence and military escalation Israel practices against Palestinians.
The Gaza salesman said he believes that the Israeli elections "are just a differentiation between an enemy and another enemy," adding "all Israeli parties unite under one strategy and one policy which is to be as much as criminal against us and undermine establishing a Palestinian state."
The status of carelessness is the general mood and feeling of the vast majority of populations in the Gaza Strip nike air presto red australia , simply because the people here had only seen tragedies and pain throughout three wars Israel waged on the enclave since 2008.
Tawfeeq al-Hessi, 53-year-old resident of Shatti (Beach) refugee camp in western Gaza city, also told Xinhua that all the Israeli parties racing in the elections "are the same and there is no difference between them in terms of their strategies towards the Palestinians."
"We have not seen anything good from the Israelis except hostilities, killing nike air presto grey australia , destruction, . Bruno Alves Portugal Jersey Eliaquim Mangala France Jersey Harry Kane England Jersey Danijel Subasic Croatia Jersey Daniel Torres Colombia Jersey Luiz Gustavo Brazil Jersey Laurent Ciman Belgium Jersey Facundo Roncaglia Argentina Jersey Cristhian Stuani Uruguay Jersey Shani Tarashaj Switzerland Jersey