In a dramatic political development, Nepal's two largest parties - Nepali Congress and CPN-UML - have inked a midnight power-sharing deal to form a new 'national consensus government' to replace the coalition government led by Prime Minister Pushpa Kamal Dahal Prachanda.

Nepali Congress & CPN-UML strike deal to oust Prachanda, form new alliance

The crucial talks between embattled Prime Minister K P Sharma Oli and the ruling Nepal Communist Party's executive chairman Pushpa Kamal Dahal 'Prachanda' on the issue of power-sharing failed on Sunday, but they agreed to meet again on Monday to sort out their differences ahead of the party's powerful Standing Committee meeting.

Oli-Prachanda power-sharing talks fail; both agree to meet again on Monday

Evidently, the Indian-origin Madhesi community in Nepal has lost faith in Prime Minister Prachanda

Prachanda and Madhesi: India is troubled by the political crisis in Nepal