Finance minister Pranab Mukherjee today said that the government needs further consultations and time to address the contentious issue of carving out Telangana from Andhra Pradesh.
"We are fully aware of the gravity of the situation and agitation," Mukherjee said after a meeting with senior ministerial colleagues.
TRS president K Chandrasekhar Rao and a delegation of Telangana political Joint Action Committee (JAC) will meet UPA and opposition leaders to press for an early decision in favour of the separate statehood for Telangana.
The delegation would meet Prime Minister Manmohan Singh and other important leaders including leader of opposition in Lok Sabha, Sushma Swaraj, Rao told reporters in Hyderabad.
After her return from abroad following surgery, Congress president Sonia Gandhi on Friday had chaired the party's first core group meeting that had Telangana on its agenda.
The party's Andhra Pradesh in-charge and union health minister Ghulam Nabi Azad briefed the group about the outcome of his talks with Congress legislators, MPs and other senior leaders from all the three regions - Coastal Andhra, Rayalaseema and Telangana -- during the past few months to find an acceptable solution to the imbroglio.
The broad contours of the Telangana report he had earlier submitted to Gandhi at her residence were also discussed at the meeting.
Congress sources said the report contains the details of Azad's consultations with all stake holders and the "pros and cons of different scenarios" that could possibly emerge due to the formation of a separate state of Telangana. The views of those opposing the partition on different grounds also find a mention in the report.
Amid mounting pressure for an early decision, the two-hour-long core group meeting had ended without any conclusion on Friday as well.