Senior economist and former finance minister Madhukar SJB Rana passed away today at the age of 78.
Rana breathed his last while undergoing treatment at Nepal Mediciti Hospital, according to his family sources. Rana was suffering from heart disease and had undergone by-pass surgery twice.
Born in 1941, Rana served as a professor at the Asian Institute of Management and was popular as ‘development economist’ at his time. He was the finance minister during the regime of former king Gyanendra Shah. Rana, who had widely contributed in the academic and management sectors, was an intellectual economist.
“Saddened at the news of the demise of Madhukar Rana, a noted economist, who also served as finance minister. Wish his soul rest in peace and heartfelt condolence to the family,” tweeted former finance minister Ram Sharan Mahat.
Likewise, former finance minister Dr Prakash Chandra Lohani, also tweeted, “Madhukar Rana is no longer with us. This is sad news.”
“We have been friends for the last forty five years and and worked together at CEDA when it was first established,” Lohani further tweeted. “We then worked together in the government as well as the academia. Madhukar ji was a gentleman and a scholar always full of new concepts and ideas in economics, management and regional economic cooperation. He was one of the founders of the South Asian Institute of Management and his dream was to see it evolve as a new university in the country focussing on IT and business administration. My heart felt condolence to Greta and the family. May his soul rest in Peace.”
Rana is survived by a wife and two sons.
Rana breathed his last while undergoing treatment at Nepal Mediciti Hospital, according to his family sources. Rana was suffering from heart disease and had undergone by-pass surgery twice.
Born in 1941, Rana served as a professor at the Asian Institute of Management and was popular as ‘development economist’ at his time. He was the finance minister during the regime of former king Gyanendra Shah. Rana, who had widely contributed in the academic and management sectors, was an intellectual economist.
“Saddened at the news of the demise of Madhukar Rana, a noted economist, who also served as finance minister. Wish his soul rest in peace and heartfelt condolence to the family,” tweeted former finance minister Ram Sharan Mahat.
Likewise, former finance minister Dr Prakash Chandra Lohani, also tweeted, “Madhukar Rana is no longer with us. This is sad news.”
“We have been friends for the last forty five years and and worked together at CEDA when it was first established,” Lohani further tweeted. “We then worked together in the government as well as the academia. Madhukar ji was a gentleman and a scholar always full of new concepts and ideas in economics, management and regional economic cooperation. He was one of the founders of the South Asian Institute of Management and his dream was to see it evolve as a new university in the country focussing on IT and business administration. My heart felt condolence to Greta and the family. May his soul rest in Peace.”
Rana is survived by a wife and two sons.
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