The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D. Shroff, and has been established to educate public opinion in India on free enterprise and a democratic way of life. The Forum publishes booklets to further its objects. The following booklet titled ‘The Union Budget (1971-72)’ is authored by N.A Palkhivala and published in 1971. The author criticises the premises of the budget, increasing income tax, and states that the budget will increase poverty. Insteading of saving more and working more, he claims that the budget disincentivises it. He maintains that the middle class and corporate sector will be affected by the budget. He criticises legislation to propose government acquisition of flats as a remedy worse than the disease. He suggests an end to the planning shortage, reduction of taxation to reasonable levels, and enforce already existing rigorous laws to end black marketing and benami transactions. He denounces the move of excluding cement, trucks, aluminium, etc from the priority list. He recommends adopting modern fiscal policy, imparting economic virtue, energizing the public sector, and encouraging states to levy agricultural income-tax.