The President of India is vested with three—
- absolute veto
- suspensive veto and
- pocket veto.
It refers to the power of the President to withhold his assent to a bill passed by the Parliament.The bill then ends and does not become an act.
Sending the bill back to the Parliament for reconsideration and which can be over ridden by the Legislature with an ordinary majority.
In this case, the President neither ratifies nor rejects nor returns the bill, but simply keeps the bill pending for an indefinite period.
Under Article 123 the President can promulgate ordinances when both the Houses of the Parliament are not in session. These ordinances must be approved by the Parliament within the six weeks of its reassembly.