This article aims to analyze the third type of emergency, that is a financial emergency, under article 360 of the Indian constitution, which provides that if the President is satisfied that the financial stability or credit of India or any of its part is in danger, he may declare a state of Financial Emergency. This article also briefly discusses the provisions and history of the financial emergency. However, the declaration of a financial emergency is a drastic measure for India’s economy.
Posted on April 11, 2022, 9:11 p.m.
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