President Bhandari is set to administer the oath of office and secrecy to Oli today afternoon

CPN-UML chairperson KP Sharma Oli took oath again on Friday as Nepal prime minister, after being reappointed to the post by President Bidya Devi Bhandari.

This is his third stint as PM.

President Bhandari administered the oath of office and secrecy to Oli.

The president had reappointed Oli to the top post after the opposition parties failed to form a coalition government in the wake of him losing a trust vote.

Oli "has been reappointed as the Prime Minister in his capacity as leader of the largest political party in the House of Representatives,” President’s Office said in a statement earlier.

The appointment comes shortly after the President’s Office in another statement had said that no two or more than two parties had come to lay claim over forming a coalition government by the given deadline of Thursday 9 PM.

Oli is required to win a vote of confidence at the House within 30 days of his appointment as the new Prime Minister, failing which an attempt to form a government under Article 76 (5) would be initiated.

Article 76 (5) of the constitution states that if a Prime Minister appointed according to clause 76 (3) fails to receive a vote of confidence pursuant to clause 76 (4), the president shall appoint a member as Prime Minister who produces bases that he/she may win the vote of confidence of the House as provided in clause (2).

Article 76 (2) states that if there is not clear majority of any party according to clause (1), the President shall appoint as Prime Minister the member of the House of Representatives who can have the majority with the support of two more parties represented in the House of Representatives.

Oli will now continue as caretaker prime minister and has another one month to prove that he has the confidence of the House.