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of <h1>Presidential Power Unleashed: Financial Emergency Provision Enables Extraordinary Fiscal Control Under Constitutional Framework</h1> The constitutional provision allows the President to declare a financial emergency if India's financial stability is threatened. Upon declaration, the President can issue directions to states regarding financial propriety, including reducing salaries and requiring certain bills to be reserved for presidential consideration. The proclamation must be laid before Parliament, can be revoked, and ceases to operate after two months unless approved by both parliamentary houses. The President gains expanded executive authority to manage financial challenges during such an emergency.
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