Kolkata, India. 01st Feb, 2017. Residential buildings stand under construction in Kolkata on Union Budget presentation day. Indian Finance Minister Arun Jaitley presented the Union Budget for the year 2017 ? 2018 in New Delhi and for the first the Railway budget was also presented with the Union Budget, with announcement of 22% hike in the railway sector. Indian Finance Minister also informs that effects of demonetization are not expected to spillover in coming year and high inflation rate has been control. Credit: Saikat Paul/Pacific Press/Alamy Live News

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