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 ‘Union Budget 1980-81 gives a stunning blow to the industry’ is authored by H.P. Ranina and published in 1980. The author criticizes the budget for not addressing the problem of inflation. He evaluates the measures undertaken to increase capital assets in industry. He recommends that to make relief under section 80-I meaningful, the eight-year period should commence after three years of production. The critically analyses the impact of subsection (6) of section 80-I on businesses. He further suggests amendments to these sections. The author states that the budget will increase the burden on industries and add fuel to the fire of inflation.