India's Jaitley Opts Out of New Government on Health Grounds

  • Decision comes a day before Modi and his team are sworn in
  • Shah, Goyal seen among contenders for finance minister’s job
Arun JaitleyPhotographer: Anindito Mukherjee/Bloomberg
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Arun Jaitley, who was heading India’s finance ministry, has decided not to seek a position in the new government led by Prime Minister Narendra Modi, citing ill health.

Jaitley said he has had some serious health challenges in the last 18 months, according to a letter written by him to Modi. He could not present the interim budget in February as he was undergoing treatment.