Nepal PM steps down, KP Sharma Oli to takeover

Image
ANI Kathmandu [Nepal]
Last Updated : Feb 15 2018 | 12:10 PM IST

Nepal Prime Minister Sher Bahadur Deuba on Thursday resigned from his post, paving the way for Communist Party of Nepal (Unified Marxist-Leninist) Chairman KP Sharma Oli to assume the post.

Deuba claimed that his tenure as Prime Minister has been successful.

The left alliance leaders are scheduled to visit Nepal President Bhandari to present majority to appoint Oli as the Prime Minister.

On Wednesday, a cabinet meeting ended in confusion and vacuum as Prime Minister Deuba had to attend a function organised by the Nepalese Army late in the evening.

Prime Minister Deuba assumed to power last year after Pushpa Kamal Dahal stepped down.

As per the constitution of Nepal, promulgated in 2015, the process of new government formation starts after the formal submission of election result to the President by the Election Commision.

After the incumbent government is dissolved, the new government under the leadership of Oli will take over; thereby forming the very first government of Nepal after it started the practice of federal governance.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Feb 15 2018 | 12:10 PM IST

Next Story