What is the maximum duration for which a proclamation of Financial Emergency under Article 360 can remain in force without parliamentary approval?

💡 Solution & Explanation

A proclamation of Financial Emergency under Article 360 must secure parliamentary approval from both Houses within two months of its promulgation to remain operational. Once approved by Parliament, it continues indefinitely without requiring repeated periodic extensions, distinguishing it from President's Rule under Article 356. Notably, a financial emergency has never been declared in India since the adoption of the Constitution.