Consider the following statements : The 'veto' power of the President is limited because if after reconsideration, the Parliament passes the same bill again and sends it back to the President, then, the President has to give assent to that bill. There is no mention in the Constitution about the time limit within which the President must send the bill back for reconsideration. Which of the above statements is/are correct ?

- Statement 1 is correct: For ordinary bills (not Money Bills or Constitutional Amendment Bills), the President has the power to withhold assent, give assent, or return the bill for reconsideration. If Parliament passes the bill again, with or without amendments, and presents it to the President, the President MUST give assent (Article 111). This limits the President's veto power (specifically the suspensive veto). - Statement 2 is correct: The Constitution does not specify a time limit within which the President must act on a bill (except for Constitutional Amendment Bills, where assent is mandatory and implied to be timely). This absence of a time limit allows the President to effectively exercise a 'pocket veto' by neither giving assent nor returning the bill.