Under which Article of the Constitution, Financial Emergency can be imposed?

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360. Article 360 of the Constitution of India is regarding provisions as to financial emergency. Financial emergency 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. Article 360 (4) (b) asserts that if financial emergency is in operation, President may issue directions for the reduction of salaries and allowances of all or any class of persons serving in connection with the affairs of the Union including the Judges of the Supreme Court and the High Courts. Financial emergency may be revoked or varied by a subsequent proclamation.

Under which Article of the Constitution, Financial Emergency can be imposed?

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