KATHMANDU, July 21: Prime Minister KP Sharma Oli presented a seven-point agreement signed earlier between the Nepali Congress (NC) and the CPN-UML during a parliamentary session on Sunday.

The agreement, which aims to form a new government, was signed by PM Oli and NC President Sher Bahadur Deuba. It seeks a vote of confidence from the House of Representatives. Here are the points mentioned in the agreement: 

1.National consensus government: A government will be formed under Article 76(2) of the Constitution, involving other political parties to ensure political stability, control corruption, promote good governance, and boost national development.

2.Constitutional review and amendments: The new government will assess the Constitution's performance, address its weaknesses, and make necessary amendments for political stability.

3.Economic revival: Efforts will focus on revitalizing the economy by fostering a conducive business environment, stimulating investment, and creating jobs within Nepal.

4.Leadership transition: KP Sharma Oli will lead the government for the first two years, followed by Sher Bahadur Deuba until the general elections in December 2027.

5.Governance framework: The government will operate based on a common program to protect national interests, curb corruption, and ensure good governance.

6.Equal participation: Major political parties will have equal roles in the government, with other parties included as well.

7.Provincial and local development: The government will accelerate development at the provincial and local levels, aligning with public sentiment and the consensus agreement.