Amidst contrasting signals regarding the onset of the southwest monsoon due to fast-changing weather patterns in the Indian Ocean, the Arabian Sea and the Equatorial Pacific, IMD expects monsoon to advance in next 3 days. DHFL share price falls nearly 4% as Ministry of Home Affairs issues look out notice against the promoters. Tesla likely to make a surprise announcement regarding Model 3 in China. Arun Jaitley opts out of ministerial position in Narendra Modi Sakar 2.0. Supreme Court agrees to examine power of GST authorities to arrest invaders. US removes India from its currency monitoring watchlist. Narendra Modi to host Chinese President Xi Jinping this year for an informal summit. Tesla plans to make a surprise announcement in China. Is the end of the company imminent?
Arun Jaitley opts out of ministerial position in Narendra Modi Sarkar 2.0. Supreme Court agrees to examine power of GST authorities to arrest invaders.
Opting Out: A day before the swearing-in ceremony of the Council of Ministers in the National Democratic Alliance (NDA) government, former Finance Minister Arun Jaitley today asked Prime Minister Narendra Modi not to give him any responsibility in the new government on back of his continuing health challenges.
View the letter here which was sent by Mr. Jaitley to the Prime Minister through his Twitter handle.
In Other News...: The Supreme Court has agreed to hear the government's plea to clarify whether arrests can be made under the Central Goods and Services Tax (CGST) Law.
The Centre had filed a plea seeking clarification regarding the power of tax officials under the CGST Act to arrest accused persons without filing a First Information Report.