Demand of the question Introduction. Contextual Introduction. Body. Discuss the grounds of Declaration of financial emergency and it’s consequences. Conclusion. Way forward. The rationality behind the incorporation of Emergency provisions in the Constitution is to safeguard the sovereignty, unity, integrity and security of the country, the democratic political system, and the Constitution. During an Emergency, … Continue reading [Answered] Under what circumstances can the Financial Emergency be proclaimed by the President of India? What consequences follow when such a declaration remains in force?