"I am very happy that political parties had reached a consensus on holding a discussion on rising prices," said Lok Sabha Speaker Meira Kumar on Thursday.

It was agreed At a meeting of all political parties convened by the speaker on Wednesday, that the discussion would be held under rule 193, under which voting is not required and which the government is insisting on. An adjournment motion on price rise is demanded by the opposition.

Kumar told reporters here," I am very happy that all parties reached a consensus on the issue of price rise. It is a very important matter. The people are heavily hit by soaring prices of essential commodities."

On Wednesday, the demand of an adjournment motion on price rise was rejected by Meira Kumar.

The Congress had said the government was ready to discuss all issues and requested the opposition to obey the speaker's ruling that the discussion would be held under Rule 193.

The discussion in the Lok Sabha after question house on Thursday will be initiated by leader of Opposition, Sushma Swaraj. (With Input from Agencies)