A meeting of the Business Advisory Committee of the Lok Sabha presided by Speaker Meira Kumar saw the government yielding to the demand in the backdrop of the Opposition threat to move an adjournment motion on Tuesday if the government failed to hold a discussion on the issue.
"We have agreed for a short duration discussion and now it is for the Speaker to take a decision," a minister said.
Noting that the government has agreed to break the convention to take up the price rise issue, he said normally the Motion of Thanks to the President for her address is taken up first.
The government's move has come close on the heels of top opposition leaders, including Leader of Opposition Sushma Swaraj, meeting the Speaker and telling her their intention to move an adjournment motion on the issue if the government did not discuss the issue on Tuesday.
Besides Swaraj, those who met the Speaker were Communist Party of India leader Gurudas Dasgupta, Basudeb Acharia of Communist Party of India-Marxist, Lalu Prasad of Rashtriya Janata Dal and Mulayam Singh Yadav of Samajwadi Party.
The issue has received support from major United Progressive Alliance partners like Trinamool Congress and Dravida Munnettra Kazhagam, which have also sought a full-fledged debate on price rise.
The Rajya Sabha too is expected to discuss the issue on Tuesday with an opposition leader saying that the House would not be allowed to run if the issue was not taken up.