Consider the following statements regarding Financial Emergency in India The Presidential Proclamation of Financial Emergency is subject to Judicial Review Once proclaimed, the Financial Emergency continues until it is revoked by the President without Parliamentary approval. During Financial Emergency, the President can reduce the salary and allowances of State government employees. Which of the statement given above is/are incorrect?a)1 onlyb)1 and 3 onlyc)2 and 3 onlyd)2 onlyCorrect answer is option 'C'. Can you explain this answer?

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Consider the following statements regarding Financial Emergency in India

The Presidential Proclamation of Financial Emergency is subject to Judicial Review

Once proclaimed, the Financial Emergency continues until it is revoked by the President without Parliamentary approval.

During Financial Emergency, the President can reduce the salary and allowances of State government employees.

Which of the statement given above is/are incorrect?

a)
1 only
b)
1 and 3 only
c)
2 and 3 only
d)
2 only

Correct answer is option 'C'. Can you explain this answer?

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Consider the following statements regarding Financial Emergency in In...

Statement 1 is correct. Article 360 empowers the President to impose financial emergency if he/ she is satisfied that a situation has arisen due to which the financial stability or credit of India is threatened. The 38th Amendment held that the decision of the President to impose financial emergency shall be final and conclusive and cannot be challenged in court of law. However, in 44th Amendment, provided that the satisfaction of the President is not beyond the judicial review.

Statement 2 is incorrect. A proclamation of financial must be approved from both the houses within 2 months from the date of issue. However, the Constitution has not provided any limit in the period of operation. Parliamentary approval is not needed for its continuation.

Statement 3 is incorrect. The President can reduce the salary and allowances of all union government employees and the judges of the Supreme Court and High Court. The President cannot reduce the salary and allowances of State government employees.

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Consider the following statements regarding Financial Emergency in India The Presidential Proclamation of Financial Emergency is subject to Judicial Review Once proclaimed, the Financial Emergency continues until it is revoked by the President without Parliamentary approval. During Financial Emergency, the President can reduce the salary and allowances of State government employees. Which of the statement given above is/are incorrect?a)1 onlyb)1 and 3 onlyc)2 and 3 onlyd)2 onlyCorrect answer is option 'C'. Can you explain this answer?

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