To get approval, Jack was asked to get a document from the US authorities certifying he was not married. This was a clever bureaucratic ploy for rejecting his application. Getting the US authorities to certify a negative fact that Jack was not married-was an impossible task.
I recalled this story while reading a Mumbai High Court decision requiring a bank to refund ₹77 lakh that had been debited from a company called PSAPL's bank account without authorisation.
On October 2, 2022, PSAPL received 13 SMS messages notifying it of the transfer of 77 lakh from its account to unknown parties. The beneficiaries were not known to PSAPL and it had not added them as beneficiaries. Aside from the SMS alerts, it had received no other communication from the bank.
هذه القصة مأخوذة من طبعة July 01, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 01, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
![More women on boards, but top management tally lags global avg](https://reseuro.magzter.com/100x125/articles/18959/1752580/Sk6qVDLnDDdgQoB5i3esys/MORE-WOMEN-ON-BOARDS-BUT-TOP-MANAGEMENT-TALLY-LAGS-GLOBAL-AVG.jpg)
More women on boards, but top management tally lags global avg
The share of women in boards of companies went up from just over 5 per cent in FY14 to nearly 16 per cent in FY23, according to a study by National Council of Applied Economic Research (NCAER).
![RBI looks to ease export, import transaction norms](https://reseuro.magzter.com/100x125/articles/18959/1752580/wCutDAI2gg8KZzOSER2sys/RBI-LOOKS-TO-EASE-EXPORT-IMPORT-TRANSACTION-NORMS.jpg)
RBI looks to ease export, import transaction norms
Grants more autonomy to banks for efficient services to forex customers
![Monsoon covers entire India 6 days in advance: IMD](https://reseuro.magzter.com/100x125/articles/18959/1752580/3hLYzLVU60QNAcMns29sys/MONSOON-COVERS-ENTIRE-INDIA-6-DAYS-IN-ADVANCE-IMD.jpg)
Monsoon covers entire India 6 days in advance: IMD
The southwest monsoon covered the entire country on Tuesday, six days ahead of its normal date, boosting prospects of kharif sowing, the India Meteorological Department (IMD) said.
Component PLI top demand of electronics firms
Manufacturers aim at attracting global value chains, scaling up production
Power sector eyes green policy push, tax breaks
Sector execs expect funding for green hydrogen, offshore wind
![Slower foreign flows keep bond yields steady](https://reseuro.magzter.com/100x125/articles/18959/1752580/5xf1rFbpqBkgcReQ6Sxsys/SLOWER-FOREIGN-FLOWS-KEEP-BOND-YIELDS-STEADY.jpg)
Slower foreign flows keep bond yields steady
Tally after two trading sessions since JPM entry
Heatwave grip on May consumption, base-year effect cool GST growth
The single-digit growth of 7.7 per cent in goods and services tax (GST) collections in June points to the impact of the May heatwave on consumption, coupled with a base year effect, according to analysts.
![Adani Power boosts capacity again, targets 30+ Gw now](https://reseuro.magzter.com/100x125/articles/18959/1752580/P99ol4n5HAa42gqnk7Zsys/ADANI-POWER-BOOSTS-CAPACITY-AGAIN-TARGETS-30-GW-NOW.jpg)
Adani Power boosts capacity again, targets 30+ Gw now
Private power producer Adani Power is ratcheting up its electricity generation capacity to match the country's growing power demand.
![Unacademy hands pink slips to 250 more employees](https://reseuro.magzter.com/100x125/articles/18959/1752580/0V7jiAqQwhnxh1O5MfYsys/UNACADEMY-HANDS-PINK-SLIPS-TO-250-MORE-EMPLOYEES.jpg)
Unacademy hands pink slips to 250 more employees
Edtech firm Unacademy has laid off 250 people across verticals, according to people familiar with the matter, reducing its employee strength by 50 per cent from what it was two years ago.
![₹35K cr Aramco order biggest ever, says L&T](https://reseuro.magzter.com/100x125/articles/18959/1752580/bxL3SyxGcPlxiNkEaW9sys/35K-CR-ARAMCO-ORDER-BIGGEST-EVER-SAYS-LT.jpg)
₹35K cr Aramco order biggest ever, says L&T
Firm clarifies it is part of existing order book, not new