History & Civics
What are the financial powers of the President?
Union Executive
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Answer
The financial powers of the President are:
- Money-bills can be introduced in the Parliament only on the recommendation of the President.
- The President can authorise withdrawal of Money in advance from the Contingency Fund of India to meet unforeseen expenditure.
- The President appoints a Finance Commission after every five years to make recommendations on financial matters.
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