Regarding Financial Emergency under Article 360 of the Constitution of India, which of the following statements are correct?
- A proclamation of Financial Emergency must be approved by both Houses of Parliament within two months from the date of its issue.Cevap
- During the operation of a Financial Emergency, the President can issue directions to reduce the salaries and allowances of Supreme Court and High Court judges.Cevap
- CA proclamation of Financial Emergency requires repeated parliamentary approval every six months to remain in force.
- DFinancial Emergency under Article 360 has been proclaimed twice in India, first during the 1991 balance of payments crisis.
Cevap
The correct statements are that a proclamation of Financial Emergency must be approved by both Houses of Parliament within two months, and that the President can issue directions to reduce the salaries and allowances of Supreme Court and High Court judges during its operation.
The correct provisions are that a Financial Emergency proclamation must be approved within two months by both Houses of Parliament and that the President holds constitutional authority to direct salary reductions for judges of the Supreme Court and High Courts during its operation.
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Financial Emergency provisions under Article 360 of the Constitution of India