The two parties signed a deal Saturday, agreeing to move ahead through consensus and cooperation, reported a news agency.

"We two parties have agreed to move ahead through mutual understanding and consensus to full the political responsibility," the agreement said.

The two parties are preparing to form a coalition government which is expected to provide a new constitution within a year. They also decided to hold talks with the Prachanda-led Unified Communist Party of Nepal-Maoist (UCPN-M), which emerged as the third largest party.

The Maoists have alleged that the Nepal Army and the Election Commission were involved in the poll-rigging to defeat them in the Nov 19 elections.


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