Moodle - "Can not initialise PHP session, please verify that your browser accepts cookies."

I am unable install MOODLE in localhost as it gives following error: `Can not initialize PHP session, please verify that your browser accepts cookies.` I tried to find the solution but was unable to come up with any. I've also referred [this][1], still I'm stuck with the same problem. [1]: https://stackoverflow.com/questions/13328515/moodle-can-not-initialise-php-session-please-verify-that-your-browser-accepts