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 is titled “The Union Budget 1975-76”. Derived from a lecture delivered by N. A. Palkhivala in which he discusses the Union budget for 1975-76 and provides his critical reasoning on the issue.