Article 360 | Financial Emergency

In this video we will be discussing the details of Article 360.
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During a financial emergency, the President can issue directions to states to observe certain principles related to financial management. The President can also issue directions for the reduction of salaries and allowances of all or any class of persons serving in the state, including judges of the High Courts and the Supreme Court.

It's important to note that a financial emergency has never been declared in India since the adoption of the Constitution in 1950. The provision has been kept dormant, and the country has never faced a situation that warranted the proclamation of a financial emergency.

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