Which one of the following statements about emergency provisions under the Constitution of India is not correct?

• A. The powers of the Union Executive extend to giving directions to the States concerning the exercise of their powers.
• B. The Union Executive can issue a provision relating to reduction of salaries of employees of the State Governments.
• C. Governors have no emergency powers like the President of India.
• D. If the Governor of a State is satisfied that a situation has arisen whereby the financial stability or credit of the State is threatened, he may declare financial emergency in the State.