The following booklet titled “Union Budget 1990-91 Will Not Solve Economic Problems” authored by H.P. Ranina commences by highlighting the Finance Minister’s mastery of raising taxes. While the author condones the Minister’s decision of restricting the budgetary deficit despite the increase in administrative and defence costs and for acknowledging the generation of black money through public expenditure, the budget lags behind in terms of imposing heavy taxation on industries. Furthermore, no fresh incentives have been provided for encouraging exports especially at a time when foreign exchange reserves are rapidly depleting. The author thus comments on the budget as one of being ‘politically seductive’ without ensuring substantial provisions for resolving the crisis of inflation, declining industrial growth and widespread poverty among the masses.