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Author Message   Andhramass Bewarse Legend Username: Andhramass Post Number: 52084 Registered: 07-2006 Rating: N/A Votes: 0 Posted on Tuesday, September 25, 2012 - 8:03 pm:    What, according to you, are the reasons why the economy was under performing? Problems are of five kinds according to me; that is, the balance sheet of the government, the balance sheet of the corporates, the balance sheet of the banks, the external balance sheet of India and the balance sheet of the households. The household balance sheet is fairly alright. Our corporate balance sheet is not poor. They are not running in huge losses. The bank balance sheet is okay. It's the government balance sheet and the external balance sheet of India that are in problem. Why has the government balance sheet got into problem? The government gave encouragement to the industry in 2008 and 2009 by giving a lot of tax concessions to ride out of the so-called recession. The amount of benefit was almost Rs 100,000 crores (Rs 1 trillion). The amount foregone by the government through concessions is over Rs 7 lakh crores (Rs 7 trillion). anni dananallo Annadanam Minna lal salam