explain the effect of financial emergency in india
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1. During the financial emergency, the executive authority of the Center expands and it can give financial orders to any state according to its own. 2. All money bills or other financial bills, that come up for the President's consideration after being passed by the state legislature, can be reserved.
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Reduction of salaries and allowances of all or any class of persons serving in the State. Reservation of all money bills or other financial bills for the consideration of the President after they are passed by the legislature of the State
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