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Understanding Financial Emergencies in India by Krishnaveni is a document available to read on EtoBox.
What is Understanding Financial Emergencies in India about?
A financial emergency in India can be declared by the President under Article 360 of the Constitution if financial stability is threatened, requiring approval from both Houses of Parliament within two months. Once approved, it remains in effect indefinitely and allows the Union executive to direct states on financial matters, including salary reductions. Notably, India has never experienced a financial emergency to date.
- Author
- Krishnaveni
- Language
- EN