KATHMANDU, 13 May 2021, (TON): Prime Minister K.P. Sharma Oli  will continue to be Prime Minister of Nepal as Nepal's opposition parties have failed to form a new coalition government by the deadline set by President Bidhya Devi Bhandari as the 9 pm on 13 May 2021.
After Prime Minister Oli lost the vote of confidence on 10 May, the President, on the same day, called on political parties to form an alternative government. However, they were unable to muster a majority.
Meanwhile, Prakash Sharan Mahat, Joint Secretary General of the Nepali Congress, the primary opposition in the house, said after a party meeting said in a statement, "We, the opposition parties, have failed to garner the required votes to form the new government,” The statement said, "As the primary opposition, the Nepali Congress has claimed the leadership of the government and started talks with the Communist Party of Nepal-Maoist Centre and the Janata Samajbadi Party Nepal. After the Janata Samajbadi Party refused to support our party President Sher Bahadur Deuba as next Prime Minister, our effort to form the government have come to an end." 
The third largest party in the house, the Communist Party of Nepal-Maoist Centre, also concluded that chances of forming the government had come to an end after the Janata Samajbadi Party failed to extend support to Deuba as Prime Minister.
With the Nepali Congress failing to form the new government with the support of opposition parties, Oli will continue as the Prime Minister as the leader of the largest political party or will form a coalition government with the Janata Samajbadi Party.