disringuish between
powers of governors and chief ministers
do it properly and give correct answer if u will give rubbish answer I will report the answer so take it seriously
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Explanation:
The President of India proclaims the Financial Emergency under Article 360 of the Constitution, when he is satisfied that the financial stability or credit of India or of any part of the territory thereof is threatened
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The governor acts as the nominal head whereas the real power lies with the Chief ministers of the states and his/her councils of ministers.
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