[[1]] has the final right to sanction the expenditure of public money in India.

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Detailed Solution

President has the final right to sanction the expenditure of public money in India. The Annual Financial Statement is required to be presented to both Houses of Parliament by the President of India under the provisions of the Constitution of India.
1)      It should be noted that the request for taxes and spending cannot be made without the permission of the President.
2)      The President is responsible for a substantial portion of the management of the country's finances.
1)      It is his duty to protect the nation's financial security and effectively use the financial authority vested in him.

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