Narendra Modi Likely To Declare A Emergency In India Under Article 360

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Let us first understand, what is Article 360.

Article 360 in the constitution of India is for imposing a nationwide financial emergency in India.

Financial Emergency (Article 360):
Article 360 states that if the President is satisfied that a situation has arisen whereby the financial stability or the credit of India or any part thereof is threatened, the President may declare a state of financial emergency.
During the period such Proclamation is in operation, the executive authority of the Union extends to the giving of directions to any State to observe such canons of financial propriety as may be specified in the directions, any such directions may also include:
A provision required the reduction of salaries and allowances of all or any class of person serving a State or the Union.
A provision requiring all Money Bills or other Financial Bills to be reserved for the consideration of the President after they are passed by the legislature of the State.
A Proclamation issued under Article 360 will remain in force for two months unless before the expiry of the period it is approved by both the Houses of the Parliament.
A proclamation issued under Article 360 will remain in force for two months unless before the expiry of the period it is approved by both the Houses of the Parliament.
Once approved it remains in force till revoked by the President.
No emergency under Article 360 has been issued so far.


India had been going through one of the worst phases of the financial crisis in its 72 years of history, India’s top 3 rating agencies like Fitch, Moody’s and S&P have already reduced India’s growth GDP to the lowest marks much before corona.

Now, this corona epidemic would have a long lasting & frightening effect on the Indian economy which might push India almost 70 years back similar to the partion era. Let’s connect the dots altogether.


1. The reserve bank of India has already made a war room with 90 people keeping an eye on the Indian economy which has never been done earlier in the entire history of the reserve bank.

2. Foreign investors pulled out 1.08 lakh crore rupees from Indian market in just 15 trading sessions

3. Almost 80% of the Indian companies are asking their employees to work from home, many companies including go air & air india have asked their staff to go on unpaid leaves, most companies have also terminated several employees.

4. Almost 80% of the major financial centers of the country are in lockdown including Bangalore, Mumbai, Pune, Delhi, Lucknow, Kanpur, Hyderabad, Jaipur, Chennai, Kolkatta, Gurgaon, Noida, Ahemdabad, Surat.

5. US Dollor has the all time highest value against Indian currency, at the time of writing this article 1:53 AM midnight 23 march 2020, 1 USD was equal to 75.62.

6. Corona cases in India at the time of writing this article has reached 415.

7. Several sectors including hotels, restaurants, night clubs, bars, airlines, BPO, tourism, entertainment & Bollywood, auto-mobile, aviation, hospitality, apparel, consumer durables and electronics, Poultry and Seafood, construction, transport, railway are worst hit by this epidemic.

8. Several associated sectors also had a huge impact on their revenues like oil-petrol, security service industry and many others whose revenues are directly & indirectly dependent on the above sectors.

9. Coronavirus infection is spreading like fire and Indian agencies would not be able to control it in the near future, if by any chance, it enters into the fourth stage, which it is most likely to enter due to citizens ignorance, it would be the worst crisis in the entire history of Independent India.

10. Right now coronavirus is only among rich & elite who are able to handle the financial burdens & have multiple resources in terms of healthcare, work, financial savings and can still to self isolate & prevent it from spreading but Once it enters into people under Below Poverty Line, it would almost be impossible to control it and a large chunk of India’s revenue would be invested to handle the situation.

11. The reserve bank stored funds including the contingency funds & emergency funds have already depleted after RBI gave multiple chunks of large money to the current government.

12. Several Private & government banks in India have the highest NPA and loan defaulters doesn’t seem to be in any mood to be paying it off soon.

13. The share markets of India, including the National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) are continuously falling.

Connecting all the points from 1 to 13

One can easily understand that fighting coronavirus & controlling the economy of the country almost seems impossible for the current government.

We still hope for the best and wish all the luck to the government and its agencies to curb the situation.

If no steps would be of any help to control the economy, Narendra Modi would have no option but to impose the financial emergency in India under Article 360 and the country would go in its worst and most dreaded recession of all times.

109 COMMENTS

  1. If you are saying Modi Government is not doing the needful, then probably you are thinking Rahul Gandhi or his foreign mother would do better…? You think they will make friends with corona and request the disease to settle…? Have some sense and be thankful that great intellects with patriotic mindset folks are currently ruling our Country, hence there is hope for good happenings. And thank God that fools and evil minded creatures in the Opposition Party are not running the Country at this juncture…

    • Are you stupid. Facts are being stated. The BJP government looted all money from the reserve bank and disinvestments plus profits from PSU’s and now have no money to combat this disease. The looted money was used to buy mla’s in MP and other states where they want to grab power.

      • have you lost your senses? Yes, typically deshadrohi kong attitude. house is burning and the kongs will use it to light their cigarettes and boil their tea or cook their meat. kongs starting from nehru kept tight control on media so that filthy mess they created for 70 years, were uncovered only 8-9 years ago. If this happened while that deaf and dumb asshole was in power, death toll was have crossed one lakh by now.

      • Barros, let play fact-fact, if you don’t have any fact stop saying this bullshit about present Indian government. Those don’t know a single thing about finance are commenting as an expert,, Bullshit

    • Are you insane where in this Rahul Gandhi comes this will be very bad phase for India economy such an incompetence government ever this will happen when chai Wala is PM incredible India

      • Who is the chutiye pro congress. Adding fuel 2 this crisis. yes the situation is grim n worst ever in the history of earth but for all countries. But will b normal in coming days n better in coming years. It’s beingning of new era where India will emerge as a big power coz it’s the only country that Can accommodate so many people 1.30 billion n in a democracy. The world powers r favouring ind. China will loose its charm in coming years.the country of many diseases. World should file a case against China the way they have ruined n killed d world economy n lives.

      • Dear katua…
        If u don’t trust our government.. please go to porkistan..
        Hope.they got better infrastructure than us to control it…nd please tell ur nehru family,s pappu nd sonia to go to italy or pakistan…y those mf r hiding now…
        Nd.u traitors wd have kicked out in 47 only..its we at fault to keep the arseholes like.u in our Hindustan…get lost mc…

    • Great intellects, with minimum education and retrograde visions, are sadly governing ( not ruling), our Nation. Sad to find the educated class with a skewed perspective/

    • इन जैसे लोगो की वजह से देश और देश के नागरिकों को तकलीफ हो रही है, 6 साल काम करने के बाद भी अगर हमारी परिस्तिथि वैसे है जैसे UPA के समय थी तो शर्म आनी चाहिये हमे और हमारे प्रधानसेवक को, और उनलोगों को भी चुल्लू भर पानी मे डूब मरना चाहिये।

    • Are you stupid. Facts are being stated. The BJP government looted all money from the reserve bank and disinvestments plus profits from PSU’s and now have no money to combat this disease. The looted money was used to buy mla’s in MP and other states where they want to grab power.

    • Dear, Ruling party is questionable for every good and bad. Why are you going back, back, back for years. What we have to do with Rahul, Sonia, Vajpayee, Advani, Gandhi, Nehru .
      The person in Office is the one to answer and not just lecture.
      Yogi & KCR has declared some good to help the Poor people who are daily wage earners.

      Talking about the past will not fill the stomach of the Poor. Be practical and logical.

    • I dum ass what will I do to pay my staff if there is no business for the past 45 days , you dum ass
      How can I feed my staff, you want them to die you dum ass , anything any one speaks you go to
      The best govt in the Indian history is this Govt. u are unfit to talk about others you dum dummer we need solution to service along with Laxman rakha, solution you dum ass

  2. This nothing but spreading panic India is in no position worse than most of the leading economies of the world,the oil prices have reduced significantly and govt has introduced a 3rs tax per litre that is generating huge revenue for the govt,also this lock down has still not reached the stage as in Italy ,Spain ,etc all Kongi economist have been always crying hoarse that fundamentals of economy are strong so then why are they getting over worried now ,they were either wrong or lying earlier or are doing so now,and stock market trade is valuation of a company and by pure existence is speculative and uncertainity causes bear market,the prime uncertainity now is how long this state will last as soon as that is resolved the markets will bounce back,and corona virus spreading like fire in India dude compare Indian population and the number of people infected it is less than 0.01% even now ,stop spreading false panic Govt will handle this suitably atleast it will do it better than the corrupt mother and moron son duo

  3. Stop you imagination horses ….you have right to keep wrong opinion and fancy falsehood but don’t put it in public domain…It is your unsustainable and sheer guess .. please keep it to yourself….

  4. Totally disappointed by this meaningless article taking facts out of context and mixing with opinion. Plz stop fear-mongering. At least the website has some filters to check the quality!!

  5. I have a different take and have full confidence that we as a nation will come out of it relatively less hurt therefore catapulting us as a credible nation. Let’s do our bit ….hail India, hail humanity

  6. What a shallow article by some ‘inventiva’ (most of your pages return a 404 because you can’t keep your database up haha). Do not invent news/articles please.

    I request the writer(s) to go read some basic economics and not fan the flame.

    You guys lose too by scaring the economy into decline, I hope you get that ?

  7. “One can easily understand that fighting coronavirus & controlling the economy of the country almost seems impossible for the current government.”

    Ahaaan really! Such a negative post my dear Inventiva writer. In situation like this all economies of the world are struggling to survive.
    But with your post and accusations, it is evident that your hate is more for the government than guiding us with what can go wrong and what as a general reader I should be aware of and what is government trying to make things right.
    Henceforth, I shouldn’t take your articles seriously.
    Keep it up. And for me it’s time to invest.
    Adios Inventiva.

    • The story of Emergency u/s 360 seems to be a supposition by vested political interests and maligned press to project the gory state of health of India.
      After all the present Govt with overwhelming mandate have bounced back to power, it has the judgement to ward off eventualities, remove bottlenecks in spite of global crisis and the ongoing war against the epidemic arising out of Coronavirus, to take any considered step so warranted.
      Let’s stand rock solid behind our elected Govt.
      Mera Bharat Mahan.

  8. Dear writter, your article seems intended for fear mongering and creation panic among general public.
    Please look at what is happening all over the world now and have some sense in writing.

  9. Fix mindset se likhi hui post hai, aise log har mouke pe government Ko nicha dikhana chahte hai,. Bull shit in ke dimag me bhara hua hai.

    • NH Prasad has well summarised the situation above. I fully agree with him. Let us give time to central and state government to work. Be sensible at this time. Advance and intelect countries in Europe & west could not arrest the damage despite excellent infrastructure. Our government has taken excellent steps but public is so casual and not supportive.Educated & learned people (Few)are also casual…..forget about others. We are fortunate to have strong PM like Sri. Modiji at this time.

  10. You paid morons of media do nothing but spread propaganda that never stops even in needed hours of supporting the common people in dire times!!

    Bull shit inventiva.com and your pathetic paid panic creating useless article writers morons!

  11. Dear. First of all don’t write like this articles.
    I am not asking you where are you from?
    I think you have common sense. Be quiet some more days.
    God will decide this world how to keep.

  12. Corona is nothing to scare anybody but it is for self defence of ones health from the deadly disease as it has no cure but prevention is the only solution.. U all might have gone through the news through TV channels and various social media like whatsapp facebook and so on….can’t we take some preventive measures than to suffer to death… Thank you

  13. Idiot. Doesn’t even know how to write a report. Assuming and stating as facts.
    Another media in the line of scroll an.d First Post

  14. Readers kindly tell me the correct way to report such fear and panic mongering article;police complain would do??Such journalism in the wake of Corona crisis is hazardous and needs to be quarantined.

  15. Dear colleagues,

    I have a strong feeling that India will be an exceptional example of very low loss or no loss of human resources due to this pandemic. And the reason for this post is that the first case of this disease was reported in India on 30 Jan. and in the span of almost 2 months. The rise in the case in the most populated country in the world is only ~400. Also, most of the cases are of foreign origin i.e among the people who have a history of foreign trips or had been living abroad. So I would dont worry stay honest and relax….things will be fine in just one months….
    Regards…

  16. You Lousy fellow – you should be jailed for spreading Panic and trying to create Fear and spreading dirty rumors like this!

    I am giving a police Complaint against you and this website for spreading fear and inciting disharmony and causing panic.

  17. Well, I am not sure why there are so many comments that the article shows hate towards the government. I have read the whole article and it only shows an estimated future on bases of facts. And people who say that this is to create panic, should know that we should be alert after reading this. It’s not intended to make us panic. And people who this that covid 19 is not spreading like wild fire is living under a rock. Please come and see that same numbers were in Italy and people of Italy also were thinking that it will not spread. Now Italy’s graveyard is full of dead people Indians should take this seriously because if we reach in phase 4,then only God knows how many millions will die.

  18. Can we for once stop behaving like political chamchas and look what we have to do. Irrespective of whether it is Chai wala or moronic couple. It is immaterial. We should be looking at what more we should be doing.
    Having an exchange based on our political bias… THIS IS NOT THE TIMES

  19. India will survive from this definitely because our country has been suffering since last 70 years like poverty and all however the European countries have been enjoying and was leading a wonderful life. So what j want to say is everything has a change so here already developed countries will go down and in place some developing countries will occupy that place. This is a natural theory as even we see the human being also up and down scenes are there. So people who read this should not worry because if cross this with low infected people then our government is in success path. This will be our first step to go ahead. Also this 24th onwards the power of the virus will come down and hence spreading will also be reduced. Be happy anc confident all

  20. NH Prasad has well summarised the situation above. I fully agree with him. Let us give time to central and state government to work. Be sensible at this time. Advance and intelect countries in Europe & west could not arrest the damage despite excellent infrastructure. Our government has taken excellent steps but public is so casual and not supportive.Educated & learned people (Few)are also casual…..forget about others. We are fortunate to have strong PM like Sri. Modiji at this time.

  21. I read comr comments, still many people not understand the article, at present we have to fight against with bad situations, not with #modi #GodiMedia #bjp4india #bhakts #pm #Modi #amitshah etc etc eighter #indra #Nehru or any dog or donkey.
    And by the way any think this #gouvernement is still doing good, so should not be late to one more so call ? #good.
    If im good then u always good.
    This the good advantage show worry about #nations #Bharat and मुक्त ho jao.

    • Brutal! you are comparison our govt to dog and donkey! Shame!
      2nd thing I would like to say that yes, I think this government is still doing good.
      Initially you told you have not to fight with #modi #rahul and so on… But later you are asking to if someone (govt.) is doing good or bad.

  22. I think you are brainless, not to spread wrong news in to the people. Now we are facing very big challenge to come out from burning issue.
    Keep your thoughts with you, not spread into the community.

  23. Too Pessimistic approach. India is a self sustaining economy. Things will be much better and sooner.
    Very bearish article.

  24. This article is against India. All are thinking how to handle the situation without making panic and here in this article writer fanning the air.. This is not fair at all….
    We all together can defend corona by taking all preventive majors and keeping ourselves positive…
    We have good govt and opposition should also be with them by giving some good suggestion..
    This time we all are under one ☔… If ☔ is leaking all will get wet doesn’t matter which govt, community, race we belong to.

  25. Do not make others panic by spreading this news. Saale for every single activity you guys are blaming BJP and Modi. Have some sense, jo tum expect kar rahe ho oh din nahi aayega.

  26. This is the stupidest article is have read in a very log time.
    Such authors and websites who have no credibility and spread baseless rumours to trap lesser minds and cause panic should be banned. Strict action should be taken against these idiots.

  27. Whichever looser wrote this article doesn’t know anything about how economy works and how Indian financial system works or how RBI works. RBI has largest forest reserve in its history almost 500 bn dollars. All the state run banks have sufficient money to run the country for atleast 2-3 years. There is 20000 tonnes of gold with Indian households.

    Moral of the story if you don’t know anything about something then at least don’t shit from your mouth.

  28. We have had our difficult times and have overcome it and this time also there will be no exception. The important thing is to concentrate on the positive in our favour.

  29. You know someone somewhere is making money out of fall in the markets and the Indian currency and these guys pay the bloggers and media to put up these panic driven articles so that the markets take a further beating.
    I saw this article in one of the Whatsapp messages group. Rather we all should boycott these scums bloggers who are bringing down our economy by spreading the fears.

  30. what conspiracy theories….article 7 should be invoked against this site for kindling disturbance and spreading false new. The length people would go to sell their news..total BS

  31. I don’t see why he has to declare an emergency, he’s already imposed an emergency without needing to officially declare one – and people are banging spoons on plates in support of being stripped of their rights. What more does he need?

    By the way you really need to do some serious editing of your article.

  32. I don’t see how this article is helping fighting current situation. If u cant help fight then the least u can do is shut your f*cking mouth and do nothing…..this is by far the best government in tackling current situation…..

  33. I think writer has some foolish ideas and thoughts which put him in a position to write such exaggerated.
    Time will play a vital role. Just wait and watch I have faith on Modi Ji……..
    We will definitely overcome from all.

  34. These are the views of naysayers. His desperate opponents who are unable to take on him otherwise are deliberately spreading canards about Modi.
    Pappu has been regularly spitting venom against Modi by his stupid utterances. By doing so he is taking out his frustration.
    Let us see today at 8.00 pm if Modi obliges his opponents by declaring emergency.

  35. This article published without any concrete proof,. Evidence, and from any reliable source.Imposing Emergency is not a joke,Ours is a great Democratic country in real sense.Just because democracy gives freedom of speech,no one can abuse it against the nation.Modiji is serious in combatting Corona,people need to give him helping hand and make India Corona free thus our Economy will restore very well.Those who are blaming Modiji are ruthless and negative minded people.Let us all be positive and each one of us stay at home, stop all activities, make Corona ineffective in India.

  36. Have reported this website and its founders/owners/writers to the Delhi Government Cybercrime cell as well as Central Government Vigilance cell.

    Strict action will soon be taken.

  37. Don’t worry you will write soon ‘Sorry’ on this article soon…. Just wait n watch …. Coz Modi govt think’s beyond your imagination…. StaySafe

  38. What the illogical and stupid article Barross? It is where it matters- Who are you? An anyi national who want to spread panic or a die hard congressi?? Stupid ppl without finance background must be stopped from writing articles! These kind of morons are real liabilities of society in such crucial time!!

  39. This is purely imaginative article. What about the rest of big countries going in this kind of situation? I feel Corona effect on economic issues is same to all and is nothing in nett.

  40. Stop panicking dear writer, you are in a optimistic country, things are not so worse. Indeed Indians are experienced and ready to face them. Keep belief in your country.

  41. Sheer Bullshit. “70 years lag for India” and “incompetant government”. Open your eyes and see the attempts the government and authorities are contributing to curb the spread as much as possible. Instead of using your negative and nonsense attributes of corrupted and illogical mind, go and do something good to the poor staying below your house/society, to help in a small way those in need instead of spreading panic and giving bullshit metrics here.

  42. Prime Minister will use all the possible measures to come out from the crises. Giving such judgmental opinions doesn’t have any bearing and logic. If you are having broader, better and greater solutions which can yield best results, submit your recommendations to Government.

  43. The BJP government looted all money from the reserve bank and disinvestments plus profits from PSU’s and now have no money to combat this disease. The looted money was used to buy mla’s in MP and other states where they want to grab power.

  44. Stupid fellow, a traitor. Such bullshit is being written at a time when nation is fighting against a serious problem . Why such people should not be put behind the bars.

  45. In lieu of sheer criticism,let us contribute some positive responses,which we are capable of deriving peace and solace,especially to those who belong to less advantaged group of society.

  46. For God sake ,let’s not get into this futile discussion. Instead, divert , concentrate all our energies into pulling our Dear country out of this crisis more creditably than others . I see a golden opportunity for us post Covid 19 .. Every challenge is an opportunity. If we are smart , we should grab it . Pl take care

  47. Bhai, whoever is the xxx author, you have no authority to spread rumours. Please stop this immediately. Understandable that you cannot be a grateful human. At least don’t spread unnecessary panic. Why did u really not go anywhere else to take a look at the so-called best managed situation like Italy, Iran, S Korea, entire EU and US rather? Talking shit. How can such articles get even published? Idiots should be banned from writing lies.

  48. This is a democratic country with freedom of speech..Every one has right to express his feelings. Take it or leave it. Agree or dis agree..Instead use of abuse language is not correct. Educated people writing such response shows the path our country is going. Blind followers are more dangers than less educated and non educated.

  49. ऐसा फर्जी और फसाद बढ़ाने वाले लेखक के विरुद्ध कठोर कानूनी कार्यवाही होनी चाहिए और ऐसे पागलो को पागल खाने भेजा जाना चाहिए। हाँ इन्हें पागल खाने भेजने के लिए भले कोई इमरजेंसी लगा दी जाए तो मजा आ जाये। कमीना पक्का पप्पू मूत्र पी के लिखता होगा।

  50. All the hell who is he to comment on India, please ask this stupid tongonto his country and help to fight corona if he has any men’s to do that else oceans are big enough to take this foolish person in their arms.

  51. The story of Emergency u/s 360 seems to be a supposition by vested political interests and maligned press to project the gory state of health of India.
    After all the present Govt with overwhelming mandate have bounced back to power, it has the judgement to ward off eventualities, remove bottlenecks in spite of global crisis and the ongoing war against the epidemic arising out of Coronavirus, to take any considered step so warranted.
    Let’s stand rock solid behind our elected Govt.
    Mera Bharat Mahan.

  52. Installing Emergency under any Article of the Constitution is not so easy as published.
    The article only appears to be published to install fear among citizens against the government

    Criticism of government policy is one thing and installing fear of Emergency is another.
    We have too much liberty in our nation.

  53. Guys
    I have gone through article and also comments.
    First it is not a political issue. It’s a question of survival of Humans and may be Live Stock.
    So far as Chaiwala becoming Head of Govt, it is the Constitution which entitles a person whosoever to get it.
    We all should work for keeping ourselves safe and also advise near and dear to do so.
    We as a country follow US in every respect including adopting their non-sense and junk food.
    Only thing we don’t change is country’s political system. In case this nation has to become rich we must compel the EC to go for TWO PARTY SYSTEM. See what has happened in Karnataka and Madhya Pradesh.

  54. Those who are supporting the present govt… are also the ones that said the Demonetization is Goooood and that the 2000 notes have micro chips.

  55. A brainless article seems to be initiated by a congress influenced person.Today’s problem is not being faced by India but all the countries in the world.My genious friend write something which will give advice to govt in this situation related with financial area.

  56. A brainless article seems to be initiated by a congress influenced person.Today’s problem is not being faced by India but all the countries in the world.My genious friend write something which will give advice to govt in this situation related with financial area.

  57. There is some truth in the above article. What is wrong in thinking pragmatically. If one follows the present economic crisis and the terrific covid 19 catastrophe, one could easily judge that the nation is heading towards a big crisis , of course , not unsolvable. Crisis will surface, but it has be eliminated by hook or crook.. … So that might ,- the suggested article – may be an eye opener. Time will give answer .Nothing wrong in viewing things negatively. All those pounched on the writer, may have to agree with him when they witness the reality.
    God bless this land.

  58. Is stock market people’s are anti corono virus due to market open we bound to go if anything happens will you take d responsibility or compensation to our family

  59. One can’t be more stupid than this. Sheer bull shit. Hope concerned authorities take note of such rumour mongers.

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