NEW DELHI: Just two states, Andhra Pradesh and Telangana, had off-balance-sheet borrowings of around Rs 2.1 lakh crore in 2020-21, nearly half the extra budgetary resources utilised by the Centre, an analysis by a think tank has shown amid concerns that the states may be hiding the true extent of their borrowings by raising money through their public sector companies to meet subsidies and other liabilities.A report on off-budget borrowings by the Centre for Social and Economic Progress has pointed to violations of the mandated debt level under...