Oli, who claimed the portfolio with the President Bidhya Devi Bhandari this morning, will be taking the oath this evening at 4 pm in Shital Niwas.
"For the implementation of the constitution, the conduction of all three-tier elections has been completed successfully which was my responsibility to be completed. We now have arrived at the stage of formation of the new federal government. To facilitate the government formation I hereby announce my resignation from the post," Outgoing Prime Minister Sher Bahadur Deuba said addressing the nation on Thursday morning.
"The next Prime Minister KP Sharma Oli will be taking the oath this evening at 4 PM in Sheetal Niwas," Chetan Adhikari, Press Advisor for KP Oli informed ANI over Phone.
The section 76's sub-section 1 of the Constitution of Nepal has the provision of electing the leader from the major party in the parliament to be nominated as Prime Minister and can form the government.
It has stated that the President can appoint the leader of a party who can complete the majority mark by getting support from other incumbent parties.
But the government formed after garnering support from two or more than two parties is mandated to testify the support in parliament within 30 days of its formation.
In case the government fails to get endorsed then the President should give another chance to garner a majority and upon the repeated failure the President can dissolve the House of Representative and call for another election within 6 months.
The Section 76's subsection 9 of the Constitution of Nepal has the provision limiting the number of the cabinet as well as ensures the inclusiveness in the government which also will see members from the State assemblies too.
The state government also will have cabinet members not exceeding 10 percent of the total number of members in the state assembly. But it will require the announcement of the state centre, Chief Minister of the state as the prerequisite.
The constitutional provision stated in Section 168 about the formation of the state government which is similar to the formation of the government at the centre. (ANI)