With the functioning of parliament stalled for the fifth day in the winter session on various issues including the decision to permit foreign equity in retail, an all-party meet will be held on Tuesday morning to discuss a way out of the logjam.
Government sources said the meeting has been convened by House leader in the Lok Sabha Pranab Mukherjee and will include floor leaders from all parties with four or more members.
The meeting, which is scheduled to be held at 9.30 am on Tuesday, will focus upon the issue of foreign direct investment (FDI) in retail, which has become the bone of contention with not only opposition but also government allies opposing it. Other legislative and other business of parliament will also be taken up, sources said.
"The meeting will also talk about other issues on the agenda in the winter session, including pending legislations," minister of state for parliament affairs Harish Rawat said.
The move comes as five days of parliament's winter session have been lost without transacting any major business.
While the two houses were adjourned on Monday on the issue of Foreign Direct Investment (FDI) in retail, last week ended without transacting any business due to unending protests over inflation, corruption and demand for separate Telangana.
The opposition parties including Bharatiya Janata Party (BJP) and its allies, the Left, AIADMK, along with parties giving external support to government like Bahujan Samaj Party and Samajwadi Party and allies like Trinamool Congress and DMK demanded a rollback in the decision to allow FDI in retail.
The main opposition BJP has categorically stated it will not let parliament function without a rollback of the FDI in retail decision.
"The government should announce a rollback of the decision to allow FDI in retail. If they announce a rollback this night, there will be no need for this all-party meet," leader of opposition in the Lok Sabha Sushma Swaraj told reporters.
"Parliament can then proceed with discussion on price rise and black money as decided," she said.
Sources in the government, however, indicated that any rollback is unlikely.
Prime Minister Manmohan Singh also met President Pratibha Patil to discuss the parliament logjam on Monday.
The meeting lasted 40 minutes, according to a Rashtrapati Bhavan communique.
"The two leaders discussed the ongoing session of parliament," the statement said.