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The CPI leader said DMK, NCP and RJD are likely to join the protest against the Centre's alleged neglect of the state.
A sub-committee has been formed to determine the candidates.
AICC has already collected a survey report on the current political situation in the state and the performance of the MPs.
The MPs said Union Minister for Minority Affairs, Smriti Irani has given confirmation on reducing the rates.
The now-viral post claims that ₹17 crore was sanctioned for the MP Local Area Development Scheme (MPLADS), but only ₹5 crore had been actually spent. The allegation is that the utilisation has been below 30%.
The final Budget session of the current Lok Sabha commenced on Wednesday with President Droupadi Murmu addressing a joint sitting.
It was Congress MLA Roji M John who moved the adjournment motion asking that the Assembly be suspended to discuss the fiscal crisis.
The development comes a day after clashes broke out in Parliament on Sunday between pro-government MPs and opposition lawmakers over differences over the approval of four members of the pro-China President's cabinet.
With Bihar Chief Minister Nitish Kumar tendering his resignation only to form a new alliance with the friend-turned-foe BJP again, his two-year-old statement has gone viral on X.
The source, who requested anonymity, said that Kumar was "likely to address a meeting of JD(U) legislators around 10 am.