 The Union of India has no power to declare Financial Emergency under Article 360 in the state.The Union can declare emergency in the state only in case of War or External Aggression.No proclamation of emergency made on the grounds of internal disturbance or imminent danger thereof shall have effect in relation to the state unless (a) it is made at the request or with the concurrence of the government of the state; or (b) where it has not been so made, it is applied subsequently by the President to that state at the request or with the concurrence of the government of that state.