Kathmandu [Nepal], May 17 (ANI): After a long period of conflicts over the issues of unification, the Left parties in Nepal are set to merge as one on Thursday.
The Communist Party of Nepal- Unified Marxist Leninist (CPN-UML) and the Maoist Center chief leaders on Wednesday evening reached to a point of agreeing over the unification.
The duo leaders K.P. Sharma Oli and Pushpa Kamal Dahal have agreed to register the to-be-united party named as "Nepal Communist Party" to be registered formally in the Election Commission bearing the election emblem of the Sun.
The Central Committee member and the Maoist Secretariat meeting have rectified the merger process on Wednesday itself whereas the CPN-UML has called for the meeting on Thursday.
As per the deal struck by both leaders, the power-sharing inside the two parties will be 45:55 percent ratio. The Maoist Center, a former guerrilla group will have 45 percent share in the central committee of the to-be-formed new party.
As per the release from the CPN-UML, there will be a total of 441 central committee members in the new to-be-formed party in which the share of CPN-UML, the largest party in the parliament will have 241 members and the remaining 200 from the Maoist Center.
The unification process announcement was made on September last year and it coincides with the Madan Ashrit Memorial Day.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
