Question
Download Solution PDFWhich among the following Articles of the Indian Constitution deals with financial emergency?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe Correct answer is Article-360.
Key Points
- Article-360 of the Indian Constitution deals with the proclamation of financial emergency.
- A financial emergency can be proclaimed by the President of India if he/she is satisfied that the financial stability or credit of India is threatened.
- During a financial emergency, the executive authority of the Center extends to the giving of directions to any state to observe such canons of financial propriety as may be specified in the directions.
- It has never been invoked in India since the adoption of the Constitution.
- Under Article-360, the President can also direct the reduction of salaries and allowances of all or any class of persons serving in the state and union.
Additional Information
- Article-260
- Article-260 deals with the jurisdiction of the Union in relation to territories outside India.
- It allows the Government of India to undertake any executive, legislative, or judicial functions in any territory outside India with the consent of the Government of that territory.
- Article-460
- There is no Article-460 in the Indian Constitution. The Constitution contains Articles from 1 to 395.
- Article-160
- Article-160 pertains to the discharge of the functions of the Governor in certain contingencies.
- It states that the President may make such provision as he/she thinks fit for the discharge of the functions of the Governor of a state in any contingency not provided for in that Chapter.
Last updated on May 29, 2025
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