Posted inUPSC - Mains Solved Paper GS 2
Under what circumstances can the Financial Emergency be proclaimed by the President of India? What consequences follow when such a declaration remains in force? (10 marks, 150 words)
The proclamation of a Financial Emergency in India, as stipulated in Article 360 of the Constitution, is a formidable step that empowers the President to tackle a severe financial crisis that threatens the stability of the country.
