New Delhi: The government on Saturday convened the budget session of Parliament from 31 January.

The Union budget, the first one which will subsume the railway budget, is to be presented on 1 February. The Economic Survey for 2016-17, the annual economic report card, will be presented to Parliament on the first day of the budget session.

There are considerable expectations from this year’s budget, which comes in the backdrop of the demonetisation exercise—the first-round shocks of which are impacting the economy—and also ahead of crucial assembly elections to five state assemblies, including Uttar Pradesh.

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