(2) Part XVIII of the Constitution of India empowers the President with enormous emergency powers to deal with situation arising out of war, armed rebellion, breakdown of the Constitution or financial crisis.Three types of emergencie shave been referred to in the Constitution. (i) Emergency arising out of war,External Aggression and armed rebellion (and not internal disturbances)or the threat thereof(Article 352) (ii) Emergency due to failure of the constitutional machinery in the States (Article 356). (iii) Financial Emergency (Article 360)