Addressing the joint sitting of Parliament on commencement of the Budget Session, Kovind said there should be more dialogue among political parties for simultaneous polls and efforts made towards arriving at an agreement.
"The architect of our Constitution, Dr Ambedkar, used to say that political democracy can not survive without social and economic democracy", said the President.
The government hopes that the bill to end the practice of instant triple talaq would get similar support from the opposition as the Constitution amendment bill to allow the goods and services tax (GST) did a year ago.
Speaking at the all party meeting convened by the government ahead of the budget session, Prime Minister Narendra Modi said the government takes very sincerely the suggestions given by the Opposition.
The self-respect of Muslim women had been hostage to political considerations for decades, Kovind said, adding that he hoped the bill would be passed during this session.
The Bill was cleared in the Rajya Sabha in 2012.
Modi also said, "We should make use of our system of parliamentary committees and discuss aspects of the Budget".
President Ram Nath Kovind today exuded confidence that the law to ban instant triple talaq will soon become a law and the Muslim women can live a life free of fear and dignity. The first spell of the session will end on February 9.
The MP quoted figures to suggest that a good number of members from both Houses were affluent, although he pointed out that not all MPs were as rich and depended on their salaries.
Finance Minister Arun Jaitley will be presenting the budget for the second time on Thursday, February 1, as he did also in 2017, breaking the past tradition since Independence of the union budget coming on the last day of February.