[ad_1] The Center has decided to lift the virtual freeze on fresh market borrowings by states with large off-budget liabilities. However, it will reduce the net base lending limit (NBC) of these states by at least 25 basis points (bps) of 3.5% of Gross State Domestic Product (GSDP) in FY13. Off-budget liabilities will be calculated from FY22 onwards only. The remaining loan, thus projected, will be brought over the line in equal installments over three years till FY26. In an earlier directive to states, the Center had said that their…