Centre relaxes norms for adjusting states’ off-budget borrowings

 GSPaper-2 Syllabus: Government budgeting, issues related to planning and mobilization of resources etc   Source: Moneycontrol.com   Context: The Centre has relaxed norms for adjusting states’ off-budget loans and said such liabilities of the last fiscal year can be adjusted against their borrowing ceilings for the next four years till March 2026. The move will …