During a financial emergency under Article 360, the president can:
Show answer & explanation
Correct answer: A
Explanation
Correct Answer:
Reduce salaries of government employees
Explanation:
Under Article 360 of the Indian Constitution, if the President is satisfied that a situation has arisen whereby the financial stability or credit of India or any part of its territory is threatened, they can proclaim a Financial Emergency. During such a period, the executive authority of the Union extends to directing any state to observe specified canons of financial propriety, and the President can issue directions for the reduction of salaries and allowances of all or any class of persons serving in connection with the affairs of the Union, including judges of the Supreme Court and High Courts.
Key Points:
• Article 360 has never been proclaimed in India to date.
• A proclamation of financial emergency must be approved by both Houses of Parliament within two months from the date of its issue.
• Financial emergencies empower the Centre to exercise greater control over the financial matters of the states.
Important Questions and Answers:
Question: Has a financial emergency under Article 360 ever been declared in India?
Answer: No, it has never been proclaimed.
Question: Within how many months must a proclamation of financial emergency be approved by Parliament?
Answer: Within two months.