Do cash machines ever make mistakes or “go rogue”? A retired GP’s wife says she feels as if she has been “mugged” by an ATM after it left her £130 out of pocket. She had attempted to withdraw £150, but says she received only two £10 notes in her hand. Val Davies says she has been battling for weeks to get the matter sorted out, but – as is so often the case with this type of dispute – she was told an investigation had shown there was nothing wrong with the ATM in question. Needless to say, £150 was debited from her bank account. “In effect, they are calling my husband and myself liars,” says Davies, who intends to take her complaint to the Financial Ombudsman Service. She is the latest in a line of people to claim they have been short-changed or defrauded by an ATM. Six months ago, Guardian Money featured Nationwide customer Steve McQueen, who attempted to withdraw £300 but got an error message and no cash … [Read more...] about Are bank ATMs guilty of daylight robbery?
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The Central Bureau of Investigation (CBI) on Saturday confirmed media reports that a preliminary enquiry (PE) has been registered against Deepak Kochhar and Videocon chairman Venugopal Dhoot.The PE was registered a month ago and it is the first step to verify allegations of corruption. The PE also names unnamed bank officials.Deepak, husband of ICICI Bank CEO and MD Chanda Kochhar, has been accused of receiving Rs 64 crore from an entity (NuPower Renewables Pvt Ltd) set up by Dhoot with Deepak and two of his relatives as partners. This deal happened six months after Videocon group got Rs 3,250 crore loan from ICICI.Close Listen in: Podcast | All you need to know about ICICI Bank-Videocon controversy related news Banking wrap: RBI hikes deposit withdrawal limit for PMC Bank customers; lenders count on realty fund for NPA relief After fake marksheet scam, Haryana to verify certificates of govt employees, students ICICI Bank expands branch network in Tamil Nadu The amount was … [Read more...] about Videocon-ICICI Bank controversy: CBI registers preliminary enquiry
Togo, India, Kuwait make top 10 improvers Nigeria has moved up 15 places from 146 to 131 out of 190 nations in the latest ranking of World Bank’s ease of doing business. The latest ranking, released on Thursday, revealed that Nigeria scored 4 points higher from 52.9 to 56.9. This leap puts Nigeria in the bracket of top 10 most improved in the latest ranking. ALSO READ: DEVELOPING: Nigeria makes World Bank’s list for top-20 “improvers in doing business” The report has it that “Nigeria has embarked on a comprehensive reform journey following the example of Kenya. The motivation for reform in Nigeria, Tajikistan and Togo was part of the developmental achievements of their neighbours. “These economies implemented a total of 59 regulatory reforms in 2018/2019, accounting for one-fifth of all the reforms recorded worldwide. Their efforts focused primarily on the areas of starting a business, dealing with construction permits and trading … [Read more...] about Nigeria moves 15 places in World Bank’s ease of doing business ranking
KFAR TAPUACH, West Bank - Jamal Atayni perched atop a ladder and picked olives with fast and practiced fingers. Harvesting his crop is a race, not only against the season but, increasingly, against nearby Jewish settlers willing to steal his tools, burn his trees and attack his pickers. "They scream at us, 'This is our land!' and they run at us with rocks," said Atayni, nodding his chin toward the nearby ridge where a trailer marked the expanding edge of Jewish settlements erected on Palestinian farmland in the West Bank. These steep, rocky groves have long been a friction point between settlers deepening their hold on swaths of the Israeli-occupied West Bank and farmers who have worked the land for generations. While many settlements work to avoid escalating tensions with Palestinians, autumn is when some of the most extreme settlers launch harvest harassment campaigns. At Atayni's olive grove, the picking continued with family members posted uphill as lookouts. Atayni's children and … [Read more...] about West Bank settlers escalate attacks on Arab olive harvesters in annual violence
By Johnbosco Agbakwuru PRESIDENT Muhammadu Buhari has expressed delight with the World Bank’s 2020 Doing Business Index (DBI) which ranked Nigeria 131 out of 190 countries, up 15 places from 146th position last year. President Buhari who received the country’s positive ranking with excitement declared that it was an indication that the strategy adopted in the ease of doing business was working. ALSO READ: Buhari unveils 4th national plan for ease of doing business The World Bank DBI report, which was released Thursday, also named Nigeria one of the top 10 most improved economies in the world for the second time in three years. Nigeria according to a statement by the Special Adviser to the President on Media and Publicity, Chief Femi Adesina stated that Nigeria is one of only two African countries to make the highly prestigious list. He said with this year’s leap, Nigeria has improved an aggregate of 39 places in the World Bank Doing Business index since … [Read more...] about World Bank Ease of Doing Business Ranking: Our strategy’s working — Buhari