The following booklet titled “The Union Budget 1980-81” was authored by Nani A. Palkhiwala. The text elucidates various facets of Union Budget, 1980-81 and the conditions which were kept in mind while drafting it. The author briefly explains inflation and its consequences and then goes on to elaborate on the factors like instability, unfairness, poor incentives for industry and exports as well as economy in Governmental expenditure. The author also presents a brief of the “secrecy” which in other words means some elements that the budget does not explain. Moreover, even if the author finds certain flaws in the said budget but they also express positively what they feel should benefit in the long run and appreciate the budget makers who have great calibre.