Financial Emergency

GPTKB entity

Statements (18)
Predicate Object
gptkbp:instanceOf Constitutional Emergency
gptkbp:appliesTo gptkb:India
gptkbp:approvalTimeLimit 2 months
gptkbp:approvedBy gptkb:Parliament_of_India
gptkbp:declaredBy gptkb:President_of_India
gptkbp:definedIn Article 360 of the Constitution of India
gptkbp:duration Indefinite, until revoked by President
gptkbp:effect Salaries of government officials can be reduced
Central government can direct states on financial matters
All money bills of states can be reserved for President's consideration
https://www.w3.org/2000/01/rdf-schema#label Financial Emergency
gptkbp:reasonForProclamation Threat to financial stability or credit of India or any part thereof
gptkbp:repealedBy gptkb:President_of_India
gptkbp:status Never declared in India as of 2024
gptkbp:bfsParent gptkb:Proclamation_of_Emergency_(India)
gptkb:Article_360
gptkb:Part_XVIII_of_the_Constitution_of_India
gptkbp:bfsLayer 7