1.0Bharti Institute of Public Policyhttps://blogs.isb.edu/bhartiinstituteEditorial teamhttps://blogs.isb.edu/bhartiinstitute/author/isb_blog_user_admin/rich600338<blockquote class="wp-embedded-content" data-secret="Ygys4GMICl"><a href="https://blogs.isb.edu/bhartiinstitute/2014/04/16/why-india-needs-a-pbo/">Why India needs a PBO</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://blogs.isb.edu/bhartiinstitute/2014/04/16/why-india-needs-a-pbo/embed/#?secret=Ygys4GMICl" width="600" height="338" title="“Why India needs a PBO” — Bharti Institute of Public Policy" data-secret="Ygys4GMICl" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,o=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},c.wp.receiveEmbedMessage);else if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(!t);else if(!(t.secret||t.message||t.value));else if(/[^a-zA-Z0-9]/.test(t.secret));else{for(var r,s,a,i=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=new RegExp("^https?:$","i"),l=0;l<n.length;l++)n[l].style.display="none";for(l=0;l<i.length;l++)if(r=i[l],e.source!==r.contentWindow);else{if(r.removeAttribute("style"),"height"===t.message){if(1e3<(s=parseInt(t.value,10)))s=1e3;else if(~~s<200)s=200;r.height=s}if("link"===t.message)if(s=d.createElement("a"),a=d.createElement("a"),s.href=r.getAttribute("src"),a.href=t.value,!o.test(a.protocol));else if(a.host===s.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(o);else{o=!0;for(var e,t,r,s=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),n=0;n<i.length;n++){if(!(r=(t=i[n]).getAttribute("data-secret")))r=Math.random().toString(36).substr(2,10),t.src+="#?secret="+r,t.setAttribute("data-secret",r);if(s||a)(e=t.cloneNode(!0)).removeAttribute("security"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:"ready",secret:r},"*")}}}}(window,document); </script> By Kaushiki Sanyal, Senior Analyst, Bharti Institute of Public Policy, ISB This article was first published in Financial Express on April 11, 2014. The requirement for legislative approval of financial measures is a democratic instrument enshrined in the Indian Constitution. This allows the legislature to keep a check on the government’s spending of public resources. […]