Nepal is all set to elect its new prime minister based on majority votes as the deadline given by President Bidhya Devi Bhandari for the formation of a new government by an all-party consensus expired on Sunday. File image of KP Sharma Oli. ReutersFile image of KP Sharma Oli. Reuters Voting will be held in Parliament on Wednesday to elect the new PM after Communist Party of Nepal (CPN-MC) decided to be in the Opposition. Prachanda, Chairman of CPN-MC, said it was impossible to install a government based on national consensus, reported The Hindustan Times. Prime Minister KP Oli had to resign after the key coalition partner, CPN-MC, withdrew its support from the government. The new government will be the ninth in the last eight years, reported The Diplomat. Oli’s government of CPM (Unified Marxist-Leninist) was formed soon after the promulgation of Nepal’s constitution and has served for nine months. Prachanda is backed by Nepali Congress – the largest party in Parliament – as the sole candidate for the position of the Prime Minister. Both these parties have agreed to form the government on a rotational basis. CPN-MC demanded leadership even while supporting the Oli government. As the report in The Diplomat states, Prachanda and the Nepali Congress had reached a consensus on toppling the government in May. However, soon after Oli promised the post of Prime Minister to Prachanda, he withdrew his offer to the Congress. Oli refused to acknowledge any such agreement. This incited tension between the two parties and put the government in danger. Soon after Oli refused to hand over the leadership to Prachanda, they withdrew support to the government and Oli had to resign.