	During the past two years were of the order of Rs. 83 Crores. I venture humbly to disagree with him because I feel that when we are talking of deficits, we must take into account the overall deficit incurred by the central government and that would be of the order of Rs. 200 Crores. During the years of relatively light expenditure we had a shortfall of about Rs. 200 Crores. Undoubtedly, now when we are going to have a very great amount of expenditure, we might have a greater amount of deficit and we would have to find out ways and means of trying to meet our capital expenditure. I am thankful to you for having given me this opportunity long last to say a few words on the budget. Already, much has been said and I think the Finance Minister has come in for his share of congratulations as well as criticisms. So, there is not very much to say but I should like to say a few words.
	The increased development expenditure and the absence of any new taxation has earned for the budget a good response even from the businessmen. I specially welcome the relief given to the middle classes by raising the exemption limit of income-tax in respect of personal income. No doubt, this is some relief to the middle-classes. But I would request the finance minister, if he could, to raise this exemption limit from Rs. 40,000 to Rs. 60,000 as that would give substantial relief to the middle classes. I am indeed glad that the taxation enquiry commission has been appointed with Dr. John Mathai as the chairman, and I am sure that many of the vexed problems may be solved through this commission. At the same time, I would request the finance minister to put off the estate duty bill for the present, since this enquiry commission has been appointed and they may go into this question.
