Financial Emergency — Prelims Strategy
Prelims Strategy
For Prelims, focus on the precise constitutional details of Article 360. Memorize the grounds for declaration: 'threat to financial stability or credit of India or any part thereof'. Pay close attention to the parliamentary approval timeline (two months, simple majority) and the special provision for Lok Sabha dissolution.
Crucially, remember that once approved, it has no fixed maximum duration and continues until revoked. A key factual point is that it has *never* been invoked. Understand the specific powers it grants: directions to states on financial propriety, reservation of state Money Bills, and reduction of salaries of all public servants, including Supreme Court and High Court judges.
Practice comparative questions extensively, distinguishing Article 360 from Article 352 (National Emergency - 1 month approval, special majority, FR suspension) and Article 356 (President's Rule - state-specific, 3-year max).
Amendments like the 38th and 44th, particularly their impact on judicial review of emergency proclamations, are also important. Create flashcards for key facts, timelines, and comparative points.