Financial Emergency has never been imposed in India to date. • Article 360 of Constitution of India empowers the president to proclaim a financial emergency on the following ground: • If the president is satisfied that a situation has arisen due to which financial stability or credibility of India is threatened or in danger. • The 38th Constitutional Amendment Act 1975 made the satisfaction of the president in declaring a financial emergency final and conclusive. • The satisfaction of the president is held up in any court on any ground. • However 44th Constitutional Amendment Act 1978 deleted this provision. This means the satisfaction of the president is under Judicial review. • The President may issue directions for the reduction of salaries and allowances the judges of the Supreme Court and the High Courts and of all or any class of persons serving the Union. • Till now, the Financial Emergency has never been invoked in India.
World Hunger Day is designated on which date to focus on global efforts to end hunger?
In FY24, what was the value of GST evasion detected in the online gaming sector?
Which Indian city is known as the 'City of Joy.
Eight regional banks were made subsidiary of SBI in 1960 as per State Bank of India (Subsidiary Banks) Act 1959.
Pradhan Mantri Ujjwala Yojana was launched in which of the following year?
What was the primary reason for the Indian Air Force's (IAF) recent procurement plan for 12 Airborne Early Warning and Control (AEW&C) aircraft?
Loan repayment by instalment payments is called as -
Who was the winner of the ‘Political and Public Award’ winner for the year 2018?
Which company partnered with Bajaj Allianz General Insurance to offer a firecracker insurance policy for Diwali 2024?
The Book ‘Divine Life’ is written by