History & Civics
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.
Related Questions
What are the qualifications necessary to be elected as the President of India?
On what grounds can the President be removed from his office?
Discuss the circumstances under which the President can declare emergency in the country.
Discuss the role of the Prime Minister as the real head of the executive.