President Abdul Hamid administered oath of the office to the 48-member strong council of ministers at 'Bangabhaban' - the presidential house - here in a ceremony that was broadcast live.
A total of 29 lawmakers took oath as Cabinet ministers. 17 MPs were appointed as state ministers while two as deputy ministers.
Prominent among those who were dropped from the previous government were Foreign Minister Dipu Moni, Home Minister Mohiuddin Khan Alamgir and minister without a portfolio and minority leader Suranjit Sengupta.
"I am, Sheikh Hasina, taking oath...That I will discharge my duties faithfully as the prime minister of the government as per the law," Hasina said amid claps from the audience.
This is the third term for Hasina as prime minister. She had also served as prime minister during 1996-2001.
Awami League won over two-thirds of parliament's 300 seats in the January 5 polls which were described as a farce by the Bangladesh Nationalist Party (BNP) led 18-party opposition alliance. The opposition boycotted the polls demanding a neutral caretaker regime to oversee the polls.
Jatiya Party, headed by former military ruler H M Ershad, won 32 seats and likely to play the role of the main opposition in the parliament.
BNP leaders were absent from the swearing-in ceremony.
Many diplomats, including Indian High Commissioner Pankaj Saran, US Ambassador Dan Mozena and British envoy Robert Gibson, attended the ceremony.
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