How does Article 354 affect the distribution of revenues during a Proclamation of Emergency?
Article 354 of the Indian Constitution allows the President to direct that all or any provisions of Articles 268 to 279, which deal with the distribution of revenues between the Union and the States, have effect with certain exceptions or modifications for a specified period during a Proclamation of Emergency. The period cannot extend beyond the expiration of the financial year in which the Proclamation ceases to operate. This provision helps the Union government to allocate financial resources more effectively during an emergency.