The following booklet titled “The Union Budget – 1993-94” was published on March 20, 1993, and was authored by Nani A. Palkhiwala. The text is an assessment of the budget 1993-94 from the author’s viewpoint. While appreciating the budget, he brings forth its unexceptionable objectives such as promoting the Agriculture and agro-processing industries, export stimulation, reducing inflation and deficit financing, the revival of the economy, and increasing education expenditure. The author also elucidates the measures pursued by the Government to achieve the stated objectives, some of which include reducing the Statutory Liquidity Ratio, increasing disbursements on agriculture, education, health, decreasing customs and excise duties, etc. Further, failure in changing the tax reforms has been noted as the biggest shortcoming of the budget. In addition to this, the author argues that liberal tax laws for better foreign investments will not yield the desired results unless the Government keeps a check on its immoral and unfaithful actions. The Government should apologize for its policy breaches and avow that it will ensure the interests of everyone who acts in accordance with the law. In totality, the author believes that the budget 1993-94 is a harbinger of a prosperous future.