note on proclamation of financial emergency
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· It means the Supreme Court can review the declaration of Financial Emergency. Parliamentary Approval
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➤ Answer :-
⟶ Proclamation of Financial Emergency :-
- During the financial emergency, the executive authority of the Center expands and it can give financial orders to any state according to its own.
- 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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