Constitution-Amendments [IAS (Admin.) IAS Mains GS Paper 2 (Governance, Polity, Social Justice, & IR)]: Questions 7 - 7 of 7

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Question 7

Amendments
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Essay▾

Under what circumstances can the Financial Emergency be proclaimed by the President of India? What consequences follow when such a declaration remains in force?

Explanation

  • Emergency Provisions have been inserted in the Constitution for dealing with extraordinary situations that may threaten the peace, security, stability and governance of the country. They are included in part XVIII from articles 352 to 360.
  • The Article 360 empowers the President to proclaim a Financial Emergency if he is satisfied that a situation ha…

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