Congress Withdraws Speaker Candidate; UML Yet to Decide

Nepali Congress decided not to field a candidate for the Speaker position, aiming to maintain a neutral and shared leadership role aligned with the ruling majority. This move reflects strategic restraint to uphold parliamentary decorum and cooperation. The CPN-UML remains undecided on nominating a candidate, signaling ongoing internal discussions. For investors, the political calmness could stabilize market sentiment in the short term. The decision underscores evolving power dynamics as parties negotiate key parliamentary roles ahead of the election.

• Nepali Congress steps back on Speaker post, UML's move pending; political stability tilts market outlook.