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Unauthorised Transaction Due to Third-Party Breach: Bank Customer Has Zero Liability, Says Bombay HC

June 14, 2024
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| Education, Finance, Legal, Political

A customer has zero liability when an unauthorized transaction occurs due to a third-party breach where the deficiency lies neither with the bank nor the customer but somewhere in the system, the Bombay High Court ruled on Thursday. The court directed Bank of Baroda to refund ₹76 lakh fraudulently debited from a company’s bank account. Justices Girish Kulkarni and…

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Union Budget 2024: Nirmala Sitharaman to Break Morarji Desai’s Record

June 14, 2024
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| Finance
Nirmala Sitharaman to Breaking Desai's Record, image source livemint.com

Finance Minister Nirmala Sitharaman set to present seven consecutive Union Budgets, surpassing Morarji Desai’s six-budget streak. Next month, Finance Minister Nirmala Sitharaman will make history by presenting her seventh consecutive Union Budget, surpassing Morarji Desai’s record of six consecutive budgets from six decades ago. Since July 2019, Sitharaman has delivered five complete budgets and one interim budget, matching Desai’s…

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