Article 360 of Indian Constitution – Provisions as to financial emergency

Article 360 of Indian Constitution: Provisions as to financial emergency

Article 360 Provisions as to financial emergency – Constitution Of India

(1) If the President is satisfied that a situation has arisen whereby the financial stability or credit of India or of any part of the territory thereof is threatened, he may by a Proclamation make a declaration to that effect.

(2) A Proclamation issued under clause (1)—

(a) may be revoked or varied by a subsequent Proclamation;

(b) shall be laid before each House of Parliament;

(c) shall cease to operate at the expiration of two months, unless before the expiration of that period it has been approved by resolutions of both Houses of Parliament: Provided that if any such Proclamation is issued at a time when the House of the People has been dissolved or the dissolution of the House of the People takes place during the period of two months referred to in subclause (c), and if a resolution approving the Proclamation has been passed by the Council of States, but no resolution with respect to such Proclamation has been passed by the House of the People before the expiration of that period, the Proclamation shall cease to operate at the expiration of thirty days from the date on which the House of the People first sits after its reconstitution unless before the expiration of the said period of thirty days a resolution approving the Proclamation has been also passed by the House of the People.

(3) During the period any such Proclamation as is mentioned in clause (1) is in operation, the executive authority of the Union shall extend to the giving of directions to any State to observe such canons of financial propriety as may be specified in the directions, and to the giving of such other directions as the President may deem necessary and adequate for the purpose.

(4) Notwithstanding anything in this Constitution—

(a) any such direction may include—

(i) a provision requiring the reduction of salaries and allowances of all or any class of persons serving in connection with the affairs of a State;

(ii) a provision requiring all Money Bills or other Bills to which the provisions of article 207 apply to be reserved for the consideration of the President after they are passed by the Legislature of the State;

(b) it shall be competent for the President during the period any Proclamation issued under this article is in operation to 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 the Judges of the Supreme Court and the High Courts.


Constitution Of India Part 18 Emergency Provisions – Articles 352 to 360


Article 352 of Indian Constitution – Proclamation of Emergency
Article 352 of Indian Constitution: Proclamation of Emergency Article 352 Proclamation of Emergency - Constitution Of India (1) If the President is satisfied that a grave emergency exists whereby the security of India or of any part of the territory thereof is threatened, whether by war or external aggression or ...
Article 353 of Indian Constitution – Effect of Proclamation of Emergency
Article 353 of Indian Constitution: Effect of Proclamation of Emergency Article 353 Effect of Proclamation of Emergency - Constitution Of India While a Proclamation of Emergency is in operation, then— (a) notwithstanding anything in this Constitution, the executive power of the Union shall extend to the giving of directions to ...
Article 354 of Indian Constitution – Application of provisions relating to distribution of revenues while a Proclamation of Emergency is in operation
Article 354 of Indian Constitution: Application of provisions relating to distribution of revenues while a Proclamation of Emergency is in operation Article 354 Application of provisions relating to distribution of revenues while a Proclamation of Emergency is in operation - Constitution Of India (1) The President may, while a Proclamation of ...
Article 355 of Indian Constitution -Duty of the Union to protect States against external aggression and internal disturbance
Article 355 of Indian Constitution: Duty of the Union to protect States against external aggression and internal disturbance Article 355 Duty of the Union to protect States against external aggression and internal disturbance - Constitution Of India It shall be the duty of the Union to protect every State against external ...
Article 356 of Indian Constitution – Provisions in case of failure of constitutional machinery in States
Article 356 of Indian Constitution: Provisions in case of failure of constitutional machinery in States Article 356 Provisions in case of failure of constitutional machinery in States - Constitution Of India (1) If the President, on receipt of a report from the Governor 1 *** of a State or otherwise, ...
Article 357 of Indian Constitution – Exercise of legislative powers under Proclamation issued under article 356
Article 357 of Indian Constitution: Exercise of legislative powers under Proclamation issued under article 356 Article 357 Exercise of legislative powers under Proclamation issued under article 356 - Constitution Of India (1) Where by a Proclamation issued under clause (1) of article 356, it has been declared that the powers of ...
Article 358 of Indian Constitution – Suspension of provisions of article 19 during emergencies
Article 358 of Indian Constitution: Suspension of provisions of article 19 during emergencies Article 358 Suspension of provisions of article 19 during emergencies - Constitution Of India (1) While a Proclamation of Emergency declaring that the security of India or any part of the territory thereof is threatened by war ...
Article 359 of Indian Constitution – Suspension of the enforcement of the rights conferred by Part III during emergencies
Article 359 of Indian Constitution: Suspension of the enforcement of the rights conferred by Part III during emergencies Article 359 Suspension of the enforcement of the rights conferred by Part III during emergencies - Constitution Of India (1) Where a Proclamation of Emergency is in operation, the President may by ...
Article 360 of Indian Constitution – Provisions as to financial emergency
Article 360 of Indian Constitution: Provisions as to financial emergency Article 360 Provisions as to financial emergency - Constitution Of India (1) If the President is satisfied that a situation has arisen whereby the financial stability or credit of India or of any part of the territory thereof is threatened, he ...

 

Leave a Reply

Scroll to Top