Question
Which Article of the Constitution provides for the
President to promulgate ordinances when Parliament is not in session and how do these ordinances interact with Ninth Schedule protection?Solution
Article 123 empowers the President to promulgate ordinances when Parliament is not in session and immediate legislative action is required. Ordinances have the same force as an Act of Parliament but are temporary, ceasing to operate six weeks after Parliament reconvenes unless approved. Crucially, an ordinance cannot amend the Constitution or place a law in the Ninth Schedule, as such actions require compliance with Article 368. In D.C. Wadhwa v. State of Bihar (1987), the Supreme Court condemned the repeated repromulgation of ordinances as a fraud on the Constitution, emphasizing that ordinancemaking is an emergency power, not a substitute for legislation.
The BASEL III guidelines recommend a minimum Capital to Risk-weighted Assets Ratio (CRAR) of:
How much provision is required for an asset which is there in a doubtful category 1-3 years?
________ is NOT a feature of process costing; as such, Â ________ is most likely to adopt a process costing system.
Who chaired the committee to examine the aspects of the digital public infrastructure for the Digital Payments Intelligence Platform?
Which of the following types of companies are not permitted to set up operations in GIFT City's IFSC?
Under PMEGP, how many service sector beneficiaries received subsidy disbursals worth ₹300 crore in June 2025?
What does cash flow means in accounting parlance?
If an individual is unable to pay back the overdraft taken by him it is known as
Under the SARFAESI Act, which of the following is a right available to the secured creditor to recover a loan?
Depreciation is charged on __________ as per the ___________ of accounting.