Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: K P Sharma Oli, in his capacity as leader of the largest political party in Nepal’s Parliament, was reappointed as Prime Minister on Thursday after the Opposition parties, riddled by factionalism, failed to secure majority seats in the House to form a new government.
President Bidya Devi Bhandari has reappointed CPN-UML Chairman Oli, 70, as Prime Minister, after he lost a trust vote in the House of Representatives on Monday.
The Office of President in a press statement on Thursday evening said that President Bhandari reappointed Oli as Prime Minister in his capacity as leader of the largest political party in the House of Representatives as per Article 76(3) of the Constitution of Nepal.
President Bhandari will administer the oath of office and secrecy to Oli at a ceremony at Shital Niwas on Friday.
The president had asked the Opposition parties to come up with the support of majority lawmakers to form a new government by 9 pm Thursday after Oli, lost the vote of confidence in the House on Monday.
Oli’s appointment came shortly after the Office of President said that no two parties or more than two parties came to lay claim to forming a coalition government by the given deadline that expired at 9 PM.
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