KP Sharma Oli Current Affairs
Category Wise PDF Compilations available at This Link
KP Sharma Oli was sworn in as Nepal’s prime minister for the second time. He is the 41st prime minister of Nepal. He was administered the oath of office and secrecy by President Bidya Devi Bhandari. He is known for his pro-China stance and had served as the country’s prime minister from October 2015 to August 2016.
In the recently concluded Parliamentary elections, Left alliance of CPN-UML led by Oli and CPN-Maoist Centre led by Prachanda had secured almost two third majority in Parliament. Oli’s party CPN-UML secured 121 seats in 275-member Parliament making it largest party in Parliament. The Nepali Congress had won 63 seats while CPN-Maoist Centre has 53 seats. The total strength of CPN-UML and CPN-Maoist Centre was 174, sufficient to form a majority government at the Centre. Oli’s PM candidacy was supported by UCPN-Maoists, Rastriya Prajatantra Party Nepal, and Madhesi Rights Forum-Democratic along with 13 other small parties
The successful elections were seen as final step in Nepal’s transition to a federal democracy following a decade-long civil war till 2006 that claimed more than 16,000 lives. It is also seen as step forward in cementing democracy and providing political stability to Nepal. In 2015 Nepal had adopted new Constitution that split country into seven federal states.
India and Nepal have signed seven agreements for cooperation in various fields.
These agreements were signed at a summit meeting of Prime Minister Narendra Modi and his visiting Nepali counterpart KP Sharma Oli in New Delhi.
This is first official foreign visit of K.P. Sharma Oli after he became Prime Minister of Nepal.
Signed Agreements are
- MoU on Post-earthquake reconstruction assistance: It deals with utilization of US 250 million dollars Grant component India’s Assistance package for Post-earthquake reconstruction assistance of Nepal.
- MoU on strengthening of road infrastructure in Nepal: It will enable speedy implementation of remaining work on 17 Roads in Terai area of Nepal.
- MoU in the field of performing arts: Singed between Nepal Academy of Music and Drama and Sangeet Natak Academy. It aims to enhance relations in the field of performing arts between both countries.
- Letters of Exchange on Transit Routes: (i) Operationalization of Vishakhapatnam Port. (ii) Transit between Nepal and Bangladesh through Kakarbitta-Banglabandh corridor.
- Letters of Exchange on Rail Transport: (i) Rail transit facility through Singhabad for Nepal’s Trade with Bangladesh. (ii) Rail transport to and from Vishakhapatnam.
- Inauguration of Muzaffarpur-Dhalkebar transmission line: Initial supply of 80 MW from Nepal to India. It will be later augmented to 200 MW by October 2016 and 600 MW by December 2017.
- Establishment of Eminent Persons Group (EPG): It will comprise 8 members with each country nominating 4 members. Its mandate would be to review bilateral relations and recommend measures including institutional frameworks in order to enhance bilateral ties.