define financial emergency!!
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Constitution defined financial emergency as situation where risk has arise to financial stability or credit of India or of any part of the territory. So it is clear that it is not necessary that it will be proclaimed only when the financial stability of the whole country is threatened i.e. It may be a part of country.
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Answer:
Constitution defined financial emergency as situation where risk has arise to financial stability or credit of India or of any part of the territory. So it is clear that it is not necessary that it will be proclaimed only when the financial stability of the whole country is threatened i.e. It may be a part of country.
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