Kathmandu: Hours after Nepal Prime Minister KP Sharma Oli recommended the dissolution of Parliament on Sunday, the country's President Bidhya Devi Bhandari ratified the proposal and announced dates for the elections to be held next year.
"Nepal President ratifies the proposal of parliament dissolution presented forward by Prime Minister KP Sharma Oli," President Office said in a press release.
Upon the recommendation of the council of ministers, President Bhandari also announced the date of the national polls to be held in two phases on April 30 and May 10 in 2021.
This comes after Prime Minister Oli had summoned an emergency meeting of the Council of Ministers after a series of meetings with the party's leadership and ministers on Saturday.
Oli was under pressure to withdraw an ordinance related to the Constitutional Council Act that he had issued on Tuesday and got endorsed by President Bidya Devi Bhandari.
The Nepal PM has been facing pressure from the rival factions of the NCP led by former prime ministers Pushpa Kamal Dahal and Madhav Nepal.
Earlier today, Prachanda reached PM residence to get first-hand knowledge on the issue. However, PM remained reserved and didn't say anything except that "he will take a firm action today".
Prime Minister Oli convened the cabinet meeting at 9:45 AM and made the decision in less than an hour.