{"id":361037,"date":"2020-04-19T21:53:32","date_gmt":"2020-04-19T16:23:32","guid":{"rendered":"https:\/\/entri.app\/blog\/?p=361037"},"modified":"2021-08-23T16:00:22","modified_gmt":"2021-08-23T10:30:22","slug":"what-is-financial-emergency-and-its-effects-on-the-country","status":"publish","type":"post","link":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/","title":{"rendered":"What is Financial Emergency and its Effects on the Country?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d1170fe5c33\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d1170fe5c33\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#Announcements_during_Lockdown\" >Announcements during Lockdown:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#Types_of_Emergency_in_India\" >Types of Emergency in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#Effects_of_Financial_Emergency\" >Effects of Financial Emergency<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">If the\u00a0<\/span>President of India <span style=\"font-weight: 400;\">is satisfied that a situation has arisen due to which the financial stability or credit of India or any part of its territory is threatened. He\/she can declare the Financial Emergency on the aid and advise of the Council of Ministers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Article 360 gives authority to the President of India to declare a financial emergency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A financial emergency is one of the three types of emergency declarations provided in the Indian Constitution. Article 360 of the Constitution empowers the government to ask the President to enforce a financial emergency if a &#8220;situation has arisen whereby the financial stability or credit of India or of any part of the territory there of is threatened&#8221;.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During a financial emergency, &#8220;the executive authority of the Union shall extend to the giving of directions to any state&#8230;&#8221; on financial matters. Article 360 has a provision requiring the reduction of salaries and allowances of all or any class of person serving a State or the Union. Once approved it remains in force till revoked by the President.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=me.entri.entrime&amp;referrer=utm_source%3DBlog%26utm_medium%3DEXAM-FINANCIAL-EMERGENCY-EFFECTS-BLOG%26utm_term%3DBLOGTEXT%26utm_campaign%3DPRIYANKA%20VASHISTHABLOG\" target=\"_blank\" rel=\"noopener noreferrer\">Download Entri App And Get Free Mock Test For Various Bank Exams<\/a><\/p>\n<p><span style=\"font-weight: 400;\">As the number of\u00a0<\/span><span style=\"font-weight: 400;\">coronavirus\u00a0<\/span><span style=\"font-weight: 400;\">cases increase in India, Finance Minister\u00a0<\/span><span style=\"font-weight: 400;\">Nirmala Sitharaman\u00a0<\/span><span style=\"font-weight: 400;\">announced a slew of measures considering the hardship people are facing due to the pandemic. However, a financial emergency has not been imposed in India yet. <\/span><span style=\"font-weight: 400;\">Nirmala Sithraman\u00a0 said today, That there is no economic emergency in India,\u00a0<\/span><b>Finance Minister<\/b><span style=\"font-weight: 400;\">\u00a0 allaying fears that the economy may not be financially equipped to deal with the fallout of the global coronavirus\u00a0<\/span><b>pandemic<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">She announced that the Economic Task Force will soon release a relief package to deal with the impact of the COVID-19 pandemic on the economy.<\/span><\/p>\n<p><b>Sitharaman<\/b><span style=\"font-weight: 400;\">\u00a0also brought in a slew of measures in an effort to boost the economy, including extending tax deadlines, easing business rules, and waiving off bank charges.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Announcements_during_Lockdown\"><\/span><b>Announcements during Lockdown:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\">The Financial Minister extended the last day of filing returns for the financial year 2018-19 to June 30, 2020.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The Vivaad se Vishwaas scheme was also extended to the same date, with no additional charge of 10%.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The finance minister announced that debit card holders can now withdraw cash from ATMs of any bank free of charge, for the next three months. Minimum balance requirement has also been done away with for this period.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The Aadhaar-pan linking date has also been extended to June 30 from March 31.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=me.entri.entrime&amp;referrer=utm_source%3DBlog%26utm_medium%3DEXAM-FINANCIAL-EMERGENCY-EFFECTS-BLOG%26utm_term%3DBLOGTEXT%26utm_campaign%3DPRIYANKA%20VASHISTHABLOG\" target=\"_blank\" rel=\"noopener noreferrer\">Get Free Mock Test For Various Government Exams<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_Emergency_in_India\"><\/span><b>Types of Emergency in India<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Emergency Provisions in the Indian Constitution are derived from the Constitution of Germany. The Constitution of India envisages three types of emergencies i.e.<\/span><\/p>\n<ul>\n<li><b><span style=\"font-weight: 400;\">National Emergency in Article 352<\/span><\/b><\/li>\n<li><span style=\"font-weight: 400;\">President&#8217;s rule in Article 356\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Financial Emergency in Article \u00a0360 <\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b style=\"color: #1d1f20; font-size: 1.563em;\">Article 360<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><b style=\"color: #1d1f20; font-size: 1.563em;\">Economic Emergency<\/b><\/p>\n<p><span style=\"font-weight: 400;\">During destructive chaos in the nation due to corona virus, the Prime Minister has the power to declare one of the following emergencies- 352, 356, and <\/span><span style=\"font-weight: 400;\">360<\/span><span style=\"font-weight: 400;\">. Accordingly, article 352 is in the times of national security, whereas, 356 is during law and order breakdown in the state. Meanwhile, 360 is especially for economical emergencies. Thus, article 360 gives authority to the country\u2019s PM to declare a financial emergency. However, with a clause that specifies the state of the nation during which he can declare the same. That situation being, the economic stability of the country has worn off, credit is under threat or any other similar conditions.<\/span><\/p>\n<h3><b>Few of the Dire Instances of the Financial crisis<\/b><\/h3>\n<ol>\n<li><span style=\"font-weight: 400;\">RBI has appointed a committee of 90 people prudently over the Indian economy.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Foreign Investors backing out of Indian market.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Several multinational companies shut as the employees are advised to work from home.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">In other worse cases, the employees are terminated or asked to take unpaid leaves.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Over 80% of the nation\u2019s financial units are under lock down- Bangalore, Mumbai, Pune, Delhi, Lucknow, Kanpur, Hyderabad, Jaipur, Chennai, Kolkata, Gurgaon, Noida, Ahmedabad, and Surat.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">US dollar is crossing its highest value against the India Currency. As of today, 24-03-20, 1 USD is equal to Rs 76.18.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The revenue-generating sectors such as oil- petrol, security service industries, transport, railways, and so on are facing the wrath of the coronavirus.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The\u00a0<\/span><span style=\"font-weight: 400;\">RBI\u2019s<\/span><span style=\"font-weight: 400;\">\u00a0contingency funds and emergency funds are depleted and in no state to help the current financial crisis.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The worst of all cases is the share market of India. For instance, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) haven\u2019t experienced a spike after the pandemic hit. Rather, they are experiencing a continuous steep fall<\/span><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Effects_of_Financial_Emergency\"><\/span><b>Effects of Financial Emergency<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\">All money bills or other financial bills, that come up for the President&#8217;s consideration after being passed by the state legislature, can be reserved.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The President may issue directions for the reduction of salaries and allowances of;<\/span><\/li>\n<\/ul>\n<p><b>\u00a0\u00a0\u00a0(i)\u00a0<\/b><span style=\"font-weight: 400;\">All or any class of persons serving the Union and\u00a0<\/span><\/p>\n<p><b>\u00a0\u00a0\u00a0(ii)\u00a0<\/b><span style=\"font-weight: 400;\">The judges of the Supreme Court and the High Court<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Recently, all the Members of Parliament including the President, the Vice President, and the State Governors have decided to accept a 30% pay cut for the next year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some critics say that provisions of financial emergency pose a serious threat to the financial autonomy of the states that is against the federal structure of the country.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Earlier, a serious financial crisis had arisen in India in 1991, but even then a Financial Emergency was not announced. Therefore, even at this time, the government should make a conscious decision in this regard, although the whole country stands together with the government to deal with any situation due to the COVID-19 pandemic.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=me.entri.entrime&amp;referrer=utm_source%3DBlog%26utm_medium%3DEXAM-FINANCIAL-EMERGENCY-EFFECTS-BLOG%26utm_term%3DBLOGTEXT%26utm_campaign%3DPRIYANKA%20VASHISTHABLOG\" target=\"_blank\" rel=\"noopener noreferrer\">Free Download Entri APP And Get Free Mock Test For Various Bank Exams<\/a><\/p>\n<h4><b>Doing the Necessary to Fight Coronavirus Pandemic<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Despite the things said and done, and their everlasting effects, it is now important to focus on diminishing the Coronavirus Pandemic. Further, the health aspect of the global pandemic is immense along with its economic effect. In this regard, the Government measure-\u00a0<\/span><span style=\"font-weight: 400;\">Janata Curfew<\/span><span style=\"font-weight: 400;\">\u00a0was a partial success until the commoners expressed their gratitude by grouping and moving around by 5 pm. Consequently, the lockdowns to stop the spread of virus is a commendable step in the right direction. Meanwhile, in this dreadful scenario of fighting the nemesis of humanity, we certainly must rely on the fiscal intellects that could aid us.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In conclusion, the government is trying to curb the financial crises due to coronavirus. Thus, as citizens, it is necessary to abide by their constraints to successfully beat coronavirus. Declaration of financial emergency under Article 360 is highly unlikely by PM Modi.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If the\u00a0President of India is satisfied that a situation has arisen due to which the financial stability or credit of India or any part of its territory is threatened. He\/she can declare the Financial Emergency on the aid and advise of the Council of Ministers. Article 360 gives authority to the President of India to [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":361527,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[802,164],"tags":[],"class_list":["post-361037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-current-affairs"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Financial Emergency and its Effects on the Country? - Entri Blog<\/title>\n<meta name=\"description\" content=\"A financial emergency is one of the three types of emergency declarations provided in the Indian Constitution. Check details and its effects on country\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Financial Emergency and its Effects on the Country? - Entri Blog\" \/>\n<meta property=\"og:description\" content=\"A financial emergency is one of the three types of emergency declarations provided in the Indian Constitution. Check details and its effects on country\" \/>\n<meta property=\"og:url\" content=\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/\" \/>\n<meta property=\"og:site_name\" content=\"Entri Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/entri.me\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-19T16:23:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-23T10:30:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2020\/04\/GK.png\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"615\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Priyanka Vashistha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@entri_app\" \/>\n<meta name=\"twitter:site\" content=\"@entri_app\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Priyanka Vashistha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/\"},\"author\":{\"name\":\"Priyanka Vashistha\",\"@id\":\"https:\/\/entri.app\/blog\/#\/schema\/person\/e4f946f9e8b4957df55a2f1f8a6f2ac6\"},\"headline\":\"What is Financial Emergency and its Effects on the Country?\",\"datePublished\":\"2020-04-19T16:23:32+00:00\",\"dateModified\":\"2021-08-23T10:30:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/\"},\"wordCount\":1082,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/entri.app\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2020\/04\/GK.png\",\"articleSection\":[\"Articles\",\"Current Affairs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/\",\"url\":\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/\",\"name\":\"What is Financial Emergency and its Effects on the Country? - Entri Blog\",\"isPartOf\":{\"@id\":\"https:\/\/entri.app\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2020\/04\/GK.png\",\"datePublished\":\"2020-04-19T16:23:32+00:00\",\"dateModified\":\"2021-08-23T10:30:22+00:00\",\"description\":\"A financial emergency is one of the three types of emergency declarations provided in the Indian Constitution. Check details and its effects on country\",\"breadcrumb\":{\"@id\":\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#primaryimage\",\"url\":\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2020\/04\/GK.png\",\"contentUrl\":\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2020\/04\/GK.png\",\"width\":820,\"height\":615,\"caption\":\"Financial Emergency\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/entri.app\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Current Affairs\",\"item\":\"https:\/\/entri.app\/blog\/category\/current-affairs\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"What is Financial Emergency and its Effects on the Country?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/entri.app\/blog\/#website\",\"url\":\"https:\/\/entri.app\/blog\/\",\"name\":\"Entri Blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/entri.app\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/entri.app\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/entri.app\/blog\/#organization\",\"name\":\"Entri App\",\"url\":\"https:\/\/entri.app\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/entri.app\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2019\/10\/Entri-Logo-1.png\",\"contentUrl\":\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2019\/10\/Entri-Logo-1.png\",\"width\":989,\"height\":446,\"caption\":\"Entri App\"},\"image\":{\"@id\":\"https:\/\/entri.app\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/entri.me\/\",\"https:\/\/x.com\/entri_app\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/entri.app\/blog\/#\/schema\/person\/e4f946f9e8b4957df55a2f1f8a6f2ac6\",\"name\":\"Priyanka Vashistha\",\"description\":\"Love to write\",\"url\":\"https:\/\/entri.app\/blog\/author\/priyanka-vashistha\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is Financial Emergency and its Effects on the Country? - Entri Blog","description":"A financial emergency is one of the three types of emergency declarations provided in the Indian Constitution. Check details and its effects on country","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/","og_locale":"en_US","og_type":"article","og_title":"What is Financial Emergency and its Effects on the Country? - Entri Blog","og_description":"A financial emergency is one of the three types of emergency declarations provided in the Indian Constitution. Check details and its effects on country","og_url":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/","og_site_name":"Entri Blog","article_publisher":"https:\/\/www.facebook.com\/entri.me\/","article_published_time":"2020-04-19T16:23:32+00:00","article_modified_time":"2021-08-23T10:30:22+00:00","og_image":[{"width":820,"height":615,"url":"https:\/\/entri.app\/blog\/wp-content\/uploads\/2020\/04\/GK.png","type":"image\/png"}],"author":"Priyanka Vashistha","twitter_card":"summary_large_image","twitter_creator":"@entri_app","twitter_site":"@entri_app","twitter_misc":{"Written by":"Priyanka Vashistha","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#article","isPartOf":{"@id":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/"},"author":{"name":"Priyanka Vashistha","@id":"https:\/\/entri.app\/blog\/#\/schema\/person\/e4f946f9e8b4957df55a2f1f8a6f2ac6"},"headline":"What is Financial Emergency and its Effects on the Country?","datePublished":"2020-04-19T16:23:32+00:00","dateModified":"2021-08-23T10:30:22+00:00","mainEntityOfPage":{"@id":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/"},"wordCount":1082,"commentCount":0,"publisher":{"@id":"https:\/\/entri.app\/blog\/#organization"},"image":{"@id":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#primaryimage"},"thumbnailUrl":"https:\/\/entri.app\/blog\/wp-content\/uploads\/2020\/04\/GK.png","articleSection":["Articles","Current Affairs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/","url":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/","name":"What is Financial Emergency and its Effects on the Country? - Entri Blog","isPartOf":{"@id":"https:\/\/entri.app\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#primaryimage"},"image":{"@id":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#primaryimage"},"thumbnailUrl":"https:\/\/entri.app\/blog\/wp-content\/uploads\/2020\/04\/GK.png","datePublished":"2020-04-19T16:23:32+00:00","dateModified":"2021-08-23T10:30:22+00:00","description":"A financial emergency is one of the three types of emergency declarations provided in the Indian Constitution. Check details and its effects on country","breadcrumb":{"@id":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#primaryimage","url":"https:\/\/entri.app\/blog\/wp-content\/uploads\/2020\/04\/GK.png","contentUrl":"https:\/\/entri.app\/blog\/wp-content\/uploads\/2020\/04\/GK.png","width":820,"height":615,"caption":"Financial Emergency"},{"@type":"BreadcrumbList","@id":"https:\/\/entri.app\/blog\/what-is-financial-emergency-and-its-effects-on-the-country\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/entri.app\/blog\/"},{"@type":"ListItem","position":2,"name":"Current Affairs","item":"https:\/\/entri.app\/blog\/category\/current-affairs\/"},{"@type":"ListItem","position":3,"name":"What is Financial Emergency and its Effects on the Country?"}]},{"@type":"WebSite","@id":"https:\/\/entri.app\/blog\/#website","url":"https:\/\/entri.app\/blog\/","name":"Entri Blog","description":"","publisher":{"@id":"https:\/\/entri.app\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/entri.app\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/entri.app\/blog\/#organization","name":"Entri App","url":"https:\/\/entri.app\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/entri.app\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/entri.app\/blog\/wp-content\/uploads\/2019\/10\/Entri-Logo-1.png","contentUrl":"https:\/\/entri.app\/blog\/wp-content\/uploads\/2019\/10\/Entri-Logo-1.png","width":989,"height":446,"caption":"Entri App"},"image":{"@id":"https:\/\/entri.app\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/entri.me\/","https:\/\/x.com\/entri_app"]},{"@type":"Person","@id":"https:\/\/entri.app\/blog\/#\/schema\/person\/e4f946f9e8b4957df55a2f1f8a6f2ac6","name":"Priyanka Vashistha","description":"Love to write","url":"https:\/\/entri.app\/blog\/author\/priyanka-vashistha\/"}]}},"_links":{"self":[{"href":"https:\/\/entri.app\/blog\/wp-json\/wp\/v2\/posts\/361037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entri.app\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entri.app\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entri.app\/blog\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/entri.app\/blog\/wp-json\/wp\/v2\/comments?post=361037"}],"version-history":[{"count":1,"href":"https:\/\/entri.app\/blog\/wp-json\/wp\/v2\/posts\/361037\/revisions"}],"predecessor-version":[{"id":25481381,"href":"https:\/\/entri.app\/blog\/wp-json\/wp\/v2\/posts\/361037\/revisions\/25481381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entri.app\/blog\/wp-json\/wp\/v2\/media\/361527"}],"wp:attachment":[{"href":"https:\/\/entri.app\/blog\/wp-json\/wp\/v2\/media?parent=361037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entri.app\/blog\/wp-json\/wp\/v2\/categories?post=361037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entri.app\/blog\/wp-json\/wp\/v2\/tags?post=361037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}