Explanation:

•  The President plays an important role in the financial administration of the country. He is the fiscal head of India. His duty is to ensure its financial stability. He causes the annual budget to be placed before the Parliament. Without his recommendation no Money Bill can be introduced in the Lok Sabha.
• The President has, at his disposal, the Contingency Fund of India. Out of this Fund he can sanction advances to meet unforeseen expenditures.
• He appoints the Finance Commission of India which examines and makes recommendations regarding financial relations between the centre and the states.