6 Financial Powers of the President of India

Financial Powers enjoyed by the President of India are as follows:

Financial Powers of the President of India

(i) He causes the Annual Budget to be laid before the Parliament at the beginning of every financial year.

(ii) He causes the annual financial statement to be laid before the Parliament.

(iii) No-Money Bill can be introduced in the Parliament without his prior assent.

(iv) He distributes the shares of the income tax received between the Union and the States.

(v) He can create a contingency fund from which he can advance to meet unforeseen expenses.

(vi) He can appoint the Financial Commission and implement its recommendation.


The President and the Vice President

The President is the head of the Indian Union and is the supreme commander of the defense forces of India. The President is elected indirectly by the members of the Electoral College. Read more

The High Courts and Subordinate Courts

The Constitution of India has provided for a High Court for each state. However, there may be one High Court for two states or union territories. This depends on the area and the population of the state or union territory. There are 21 High Courts in India. Delhi is the only union territory that has a High Court of its own. Read more

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