A meeting of the Congress Working Committee is being held in New Delhi on Friday against the backdrop of issues like price rise. <br/><br/>Party general secretary Janardan Dwivedi said on Wednesday that the meeting will review the current political situation.<br/><br/>The meeting takes place a day before the conference of Chief Ministers convened by Prime Minister Manmohan Singh on price rise. The first meeting this year is expected to take stock of the organisational elections.<br/><br/>The issue of separate Telangana, which has become a ticklish affair for the party with pro and anti-Telangana factions at loggerheads may also likely to figure at the meeting. <br/><br/>The working committee deliberations are also important as the Union Budget 2010-11 is to be presented later this month. <br/><br/>Finance Minister Pranab Mukherjee is also expected to hold pre-budget consultations with AICC leaders. <br/><br/>Congress President Sonia Gandhi has said the issue of rising prices was one of highest concerns before the party.