Provisions as to financial emergency

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.... to that effect. ^2[(2) A Proclamation issued under clause (1)- (a) may be revoked or varied by a subsequent Proclamation; (b) shall be laid before each House of Parliament; (c) shall cease to operate at the expiration of two months, unless before the expiration of that period it has been approved by resolutions of both Houses of Parliament: Provided that if any su....

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....n clause (1) is in operation, the executive authority of the Union shall extend to the giving of directions to any State to observe such canons of financial propriety as may be specified in the directions, and to the giving of such other directions as the President may deem necessary and adequate for the purpose. (4) Notwithstanding anything in this Constitution- (a) any such direction....

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....- 1. Inserted vide Article 8 of the Constitution (38th Amendment) Act, 1975 dated 01-08-1975. 2. Substituted vide Article 41 of the Constitution (44th Amendment) Act, 1978 dated 30-04-1979 w.e.f. 20-06-1979, before it was read as,  "(2) The provisions of clause (2) of Article 352 shall apply in relation to a Proclam....