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Powers of the President of India > Financial Powers

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CISCE: Class 10

Key Points: Powers of the President of India > Financial Powers

  • Money Bills are introduced only with the President’s recommendation.
  • The Union Budget is presented in Parliament in the President’s name.
  • The Annual Financial Statement is laid before Parliament on his/her behalf.
  • Can authorise advances from the Contingency Fund of India.
  • Appoints the Finance Commission every five years.
 
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