Answers

2015-07-27T16:43:24+05:30
Financial emergency under article 360. If the President is satisfied that there is an economic situation in which the financial stability or credit of India is threatened, he or she can declare financial emergency. Such an emergency must be approved by the Parliament within two months. During this type of emergency the salaries and allowances of the ministers are curbed. India had not faced financial emergency till now
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