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    <title>Central Government decides to simplify the consent mechanism for Open Market Borrowings (OMBs) under Article 293(3) of the Constitution of India for raising OMBs by the States</title>
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    <description>Central Government replaces quarterly consents with a three-stage consent cycle under consent under Article 293(3): one-time consent in April for the first nine months based on a borrowing calendar within the Net Borrowing Ceiling, a December consent for the first two months of the fourth quarter based on actuals and estimates, and a March consent after reassessment of actual borrowings for eleven months.</description>
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