The Communist Party of Nepal (UML) Chairman KP Sharma Oli has become new Prime Minister of Nepal. <br/><br/>President Bidya Devi Bhandari administered the oath of office and secrecy to Mr. Oli in Kathmandu Thursday evening. <br/><br/>This is the second time Mr. Oli has become the prime minister. He had served as prime minister from October 2015 to August 2016. <br/><br/>Mr. Lal Babu Pandit and Ms. Tham Maya Thapa, both from CPN (UML), have also been administered oath of office as ministers. <br/><br/>Vice President Nanda Bahadur Pun, outgoing Prime Minister Sher Bahadur Deuba, Communist Party of Nepal (Maoist Center) Chairman Pushpa Kamal Dahal Prachanda and other dignitaries attended the oath taking ceremony. <br/><br/>Earlier in the day, Nepali Congress President Sher Bahadur Deuba resigned from the post of prime minister to pave the way for formation of a new government as per the people's mandate in recent elections. <br/><br/>The Left Alliance of CPN (UML) and CPN (Maoist Center) had registered massive victory in the historic parliament and first ever provincial assembly election held on November 26 and December 7 last year. <br/><br/>In 275-member House of Representatives, the lower house of parliament, Left Alliance secured almost two third majority by winning 174 seats. <br/><br/>It had also secured an overwhelming majority in National Assembly, the upper house of the parliament with 39 out of 59 seats. <br/><br/>The formation of new government after historic elections is expected to begin a new era of political stability in the Himalayan nation.

The Communist Party of Nepal (UML) Chairman K.P. Sharma Oli has become new Prime Minister of Nepal. <br/><br/>President Bidya Devi Bhandari administered the oath of office and secrecy to Mr. Oli in Kathmandu Thursday evening. <br/><br/>This is the second time Mr. Oli has become the prime minister. He had served as prime minister from October 2015 to August 2016. <br/><br/>Mr. Lal Babu Pandit and Ms. Tham Maya Thapa, both from CPN (UML), have also been administered oath of office as ministers. <br/><br/>Vice President Nanda Bahadur Pun, outgoing Prime Minister Sher Bahadur Deuba, Communist Party of Nepal (Maoist Center) Chairman Pushpa Kamal Dahal Prachanda and other dignitaries attended the oath taking ceremony. <br/><br/>Earlier in the day, Nepali Congress President Sher Bahadur Deuba resigned from the post of prime minister to pave the way for formation of a new government as per the people's mandate in recent elections. <br/><br/>The Left Alliance of CPN (UML) and CPN (Maoist Center) had registered massive victory in the historic parliament and first ever provincial assembly election held on November 26 and December 7 last year. <br/><br/>In 275-member House of Representatives, the lower house of parliament, Left Alliance secured almost two third majority by winning 174 seats. <br/><br/>It had also secured an overwhelming majority in National Assembly, the upper house of the parliament with 39 out of 59 seats. <br/><br/>The formation of new government after historic elections is expected to begin a new era of political stability in the Himalayan nation.