People's Socialist Party (Nepal, 2024)

The People's Socialist Party, also known as Janata Samajbadi Party is the seventh-largest political party in Nepal. The party was formed after split in the People's [Socialist Party, Nepal (2020)|People's Socialist Party, Nepal] led by party federal council chairman Ashok Rai, supported by majority federal MPs from the PSP-N.
The party has forged alliance with Resham Lal Chaudhary formed Nagrik Unmukti Party, Nepal and Rajendra Mahato led Rastriya Mukti Party Nepal to contest election on common election symbol "janto". With 7 out of 275 seats in the lower house House of Representative, the party remained as the sixth largest political party in the Federal Parliament.

Ideology

People's Socialist Party's guiding principle is Federal Socialism.The party advocates for identity based federalism and a more inclusive parliament. They also support a more decentralized government structure which guarantees more power to provincial and local governments. The party intends to implement the agreements of various movements.

History

Formation and party expansion

The party was formed after a split in the mother party, People's Socialist Party, Nepal led by Upendra Yadav when a group of MPs, MLAs and central leaders alleged the party chair to be authoritarian and going against the interest of the ruling coalition government of Nepal.
The group filed an application for a party split with the Election Commission on 5 May 2023 which included MPs Ashok Rai, Nawal Kishor Sah, Hasina Khan, Ranju Kumari Jha, Pradeep Yadav, Birendra Prasad Mahato and Sushila Shrestha. The party received its recognition from the Election Commission on 6 May 2024. The party was joined by several MLAs of Koshi, Madhesh and Lumbini province.
The party forged working alliance with Rajendra Mahato led Rastriya Mukti Party as well as Mohammad Rizwan led Nepal Federal Socialist Party which would finally conclude to unification.