the financial power of the president
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The financial powers and functions of the President are:
- The financial powers and functions of the President are:Money bills can be introduced in the Parliament only with his prior recommendation.
- He causes to be laid before the Parliament the annual financial statement (ie, the Union Budget).
- No demand for a grant can be made except on his recommendation.
- He can make advances out of the contingency fund of India to meet any unforeseen expenditure.
- He constitutes a finance commission after every five years to recommend the distribution of revenues between the Centre and the states.
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