During a Financial Emergency under Article 360, the President can direct reduction of salaries of all government officials including Judges of the Supreme Court and High Courts.
- True
- False
Answer: True
Article 360 empowers the President to proclaim a Financial Emergency if satisfied that India's financial stability or credit is threatened. During such emergency, the President can issue directions for reduction of salaries of all government officials, including Supreme Court and High Court Judges. However, a Financial Emergency has never been proclaimed in India.