A seven-point agreement between the CPN-UML and the Nepali Congress (NC) aimed at creating a new administration was presented by Prime Minister KP Sharma Oli during a parliamentary session on Sunday. The following are the main terms of the agreement that NC President Sher Bahadur Deuba and PM Oli signed:

1. National Consensus Government: A government will be formed under Article 76(2) of the Constitution, incorporating other political parties to ensure political stability, combat corruption, promote good governance, and drive national development.
2. Constitutional Review and Amendments: The new administration will evaluate the effectiveness of the Constitution, make any necessary corrections, and enact the necessary modifications in order to enhance political stability.
   
3. Economic Revival: Fostering a business-friendly atmosphere, encouraging investment, and producing jobs within Nepal will be the main goals of this initiative.
   
4. Transition of Leadership: Sher Bahadur Deuba will lead the administration until the December 2027 general elections, with KP Sharma Oli serving as leader for the first two years.
   
5. Governance Framework: To safeguard the interests of the country, fight corruption, and maintain efficient governance, the government will work under a common program.
   
6. Equal Participation: Major political parties will have equal roles in the government, with the inclusion of other parties as well.
7. Provincial and Local Development: There will be a push for accelerated development at the provincial and local levels, reflecting public sentiment and the terms of the agreement.