Financial Institutions-Restoring Order


the five-year term of the state assemb- lies, whose terms had all been extended to six years by a captive parliament itself in extension, under an extraordinary and, as it appears now, even patently , illegal 'Emergency'. The Congress Party's intransigence has in a sense forced the Union government's hands. While the legality of the Centres move is still being argued in the Supreme Court, it would be useful to have a look at certain political aspects of the move.