Financial Emergency
The President may declare a financial emergency if he believes that all or a portion of the nation’s financial stability is at risk. Also, prior to the 44th Amendment, the President could not be questioned about his choice in the Financial Emergency. According to the 44th Amendment, the president’s satisfaction is subordinate to the judiciary.
Acceptance and Length of the Financial Emergencies
The parliament’s two houses ought to approve Financial Emergency. If the emergency bill is introduced after the Lok Sabha has been dissolved, it remains in effect for 30 days. The bill should be discussed as soon as the Lok Sabha is reassembled for the first time. Meanwhile, the Rajya Sabha should have approved the bill.
Emergency Provisions – UPSC Notes
Emergency Provisions: The emergency provision is a unique feature of the Indian Constitution. It allows a federal government to become a unitary government depending on the circumstances. The Indian Constitution has provisions for emergencies in Part Eighteen. The President of India possesses the authority to enforce emergency rules in any or all of the Indian states. In this article, we will look into various types of emergency provisions and their historical background in detail.
Table of Content
- What are Emergency Provisions?
- Historical Background of Emergency Provisions
- Types of Emergencies
- National Emergency
- The President’s Rule or Constitutional Emergency
- Financial Emergency
- Criticism of Emergency Provisions
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