Former Prime Minister and former UCPN (Maoist) senior leader Baburam Bhattarai officially announced the formation of Naya Shakti Nepal, a new party under his leadership, amidst a grand ceremony held at Dasharath Stadium in Kathmandu on Sunday.

Addressing the ceremony attended by Prime Minister KP Oli, various political leaders, Indian leaders and other dignitaries, Naya Shakti Coordinator Bhattarai remarked that his party is bringing the draft that would see Nepal as world’s richest country in just 25 years.

Unveiling the Naya Shakti’s stand on form of government, Bhattarai said his party is in favour of directly elected president and seeks to bring about massive reforms in the governance system of Nepal. According to Bhattarai, his party basts for directly elected executive body and fully inclusive legislation. He also stressed on the need for  youths\' participation in the leadership.

Explaining Nepal-India-China relationship, leader Bhattarai opined that without proper balance between both the proximal neighbours, there will be instability in the country and Nepal will be a playground for outside forces. Naya Shakti Nepal is committed to maintaining internal integrity and harmonious relationship with India and China, Bhattarai viewed.

Talking about the trend of youths aspiring for foreign education, leader Bhattarai said, “Our children do not want to stay in the country due to dangerously flourishing corruption that has established a notion that politics is a dirty game.”

“Naya Shakti will bring reforms that will establish that politics is not a dirty game. Politics is not a profession or means of making money. We will make politics pure and transparent. We will maintain uniformity in our words by our action," Bhattarai remarked.

Leader Bhattarai floated the idea of an independent Lokpal—a corruption watchdog—that will look into the corruption allegations against leaders including himself. If a corruption case is field against any leader, the person will be automatically suspended from the post and in case, the court announces him guilty, the leader will be completely eliminated from the party position, leader Bhattarai mentioned.

Leader Bhattarai said that many people ask him of the development models his party is going to follow. He said that his party is not completely inclined towards socialist or capitalist philosophies. “We will assess what will bring prosperity, increased investment and capital formation to Nepal. We will study the cases and develop the driving philosophy of the party,” Bhatarai said.

Leader Bhattarai also declared that he will not accumulate property for himself during his political career and said he will invest his life for the country and upcoming generation.

Saying that major political parties of Nepal including NC and UML also launched armed struggle in the past, Bhattarai said Maoist also did the same thing against autocratic monarch and hoped that the Truth and Reconciliation Committee formed to probe into war-era cases would conduct fair investigation. He said he will accept the decision of the committee.

Coordinator Bhattarai called on all the sections of the society including women, farmer, migrant workers, Dalit, working class people, employee, teachers, religious sects, families of martyrs and disappeared people, media sector, to join and support the Naya Shakti. He said Naya Shakti would guarantee rights to every people.

Concluding his speech, leader Bhattarai also said that his party is not against any other party. “We will not pull down other parties. We will place positive agendas and lead according to those agendas. Let\'s rise above together,” he said.

“In two years after local, provincial or general election, Naya Shakti will emerge as a number 1 party of the country,” said Bhattarai.