Describe the legislative and financial powers of the President of India.
The legislative powers of the President of India are:
The President can summon, prorogue and address the two Houses of the Parliament. The President can dissolve the Lok Sabha before the expiry of its normal term if he is advised to do so by the Prime Minister. He nominates members to the Houses.
The financial powers of the President of India are:
The annual budget of the country is presented in the Parliament in the name of the President. Similarly, all Money Bills also require her/his approval before they are introduced in Lok Sabha. She/He has the power to appoint members of the Finance Commission. In case certain extraordinary situations arise, the President can sanction money to the government out of Contingency Fund to meet the situation.