Question

Explain any two effects of the Financial Emergency

Answer 1

heyaa,,,
There are three types of emergency which can be proclaimed in India
1.National Emergency, 2.State Emergency or Presidential Rule in state and
3.Financial Emergency.

¤ The two effect of financial emergency are as follows;

1. The most significant effect is that the federal form of the Constitution changes into unitary.

2.while a proclamation of emergency is in operation.
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Answer 2

Emergency provision falls within the Article 352 to Article 360 of the Indian Constitution.

1. National emergency (Article 352)

2. State emergency (Article 356)

3. Financial emergency (Article 360 360)

NATIONAL EMERGENCY

The provision for National Emergency is provided for under the Article 352 of the Constitution. The national emergency deals with constitutional provisions to be applied, whenever there is an extraordinary situation that may threaten the peace, security, stability and governance of the country or a part thereof.STATE EMERGENCY

It is the duty of the Union Government to ensure that governance of a State is carried on in accordance with the provisions of the Constitution. Under Article 356, the President may issue a proclamation to impose emergency in a state if he is satisfied on receipt of a report from the Governor of the State, or otherwise, that a situation has arisen under which the Government of the State cannot be carried on smoothly. In such a situation, proclamation of emergency by the President is called ‘proclamation on account of the failure (or breakdown) of constitutional machinery.’ In popular language it is called the President’s Rule.