https://www.taxtmi.com/acts?id=9449 A financial emergency may be proclaimed by the President when the financial stability or credit of India or any part is threatened; such Proclamation may be revoked or varied, must be laid before both Houses of Parliament and ceases after two months unless approved by resolutions of both Houses. During its operation the executive authority of the Union extends to giving directions to States to observe specified canons of financial propriety and other necessary directions, including reduction of salaries and reservation of State Money Bills for the President; the President may also direct reduction of Union salaries including judges'. en-us Mon, 20 Oct 2008 16:53:35 +0530 Tue, 29 Apr 2025 16:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9449 A financial emergency may be proclaimed by the President when the financial stability or credit of India or any part is threatened; such Proclamation may be revoked or varied, must be laid before both Houses of Parliament and ceases after two months unless approved by resolutions of both Houses. During its operation the executive authority of the Union extends to giving directions to States to observe specified canons of financial propriety and other necessary directions, including reduction of salaries and reservation of State Money Bills for the President; the President may also direct reduction of Union salaries including judges'. Act-Rules Indian Laws Mon, 20 Oct 2008 16:53:35 +0530 https://www.taxtmi.com/acts?id=9449