New Delhi, Aug 3 (IANS) The Bharatiya Janata Party (BJP) Wednesday denied that a deal had been struck between the government and the opposition on a discussion in parliament on the issue of price rise.

Talking to reporters here, former finance minister and BJP leader Yashwant Sinha, who moved the motion on the debate on price rise in the Lok Sabha, said the government's inaction was slowing down the growth rate.

"There is no deal between the government and opposition; they agreed to our demand for discussion under rules which provide for voting," Sinha said.

Asked if the opposition expected a fruitful outcome of the debate, Sinha said: "This is the first time we are having a discussion on price rise under rules which provide for voting. We hope something comes out of it, otherwise, we will fight for it again another day."

"The government is not interested in reducing inflation or fiscal deficit… the danger is that it will lead to an economic slowdown," Sinha said.

The former finance minister also said that the FDI inflow was decreasing due to the government's "faulty fiscal policies".

The debate on price rise which started in the Lok Sabha Wednesday will culminate with voting on a resolution to control inflation. Finance Minister and Leader of House Pranab Mukherjee is likely to reply to the debate.