Project build error: Non-resolvable parent POM for Application

Question

I am creating my first spring boot application using maven and i am getting this error:

Non-resolvable parent POM for Bank_Application:Bank_Application:0.0.1-SNAPSHOT: Could not transfer artifact org.springframework.boot:spring-boot-starter-parent:pom:1.4.2.RELEASE

This is my pom.xml

<project xmlns="http://maven.apache.org/POM/4.0.0"
         xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
         xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 
         http://maven.apache.org/xsd/maven-4.0.0.xsd">

    <modelVersion>4.0.0</modelVersion>
    <groupId>Bank_Application</groupId>
    <artifactId>Bank_Application</artifactId>
    <version>0.0.1-SNAPSHOT</version>
    <parent>
        <groupId>org.springframework.boot</groupId>
        <artifactId>spring-boot-starter-parent</artifactId>
        <version>1.4.2.RELEASE</version>
    </parent>
    <dependencies>
        <dependency>
            <groupId>org.springframework.boot</groupId>
            <artifactId>spring-boot-starter-web</artifactId>
        </dependency>
    </dependencies>
    <properties>
        <java.version>1.8</java.version>
    </properties>
</project>

Answer 1

You probably have a proxy issue, that's quite common. (especially in banks where security policies are often very strict). See the guide to Configuring a proxy, there are also a lot of questions on SO related to such issue.

If you don't know what your proxy configuration ought to be, discuss it with your IT services.