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Citibank has come ahead with an announcement to compensate the investors who were duped of their money in Citibank fraud. Citi's payment will, however, be specific to the principal amount shareholders have put in.

As per the insurers, asserts of this nature are extended by a professional indemnity policy, which is dealt as an add-on cover with the bankers' bond. Reciprocally, the bank would be searching an assurance from the victims that they will transfer all their rights of recovery to the bank and forebode to help the bank.

Inflation in developing markets, including India, has been ruling high for the past year. In India, the Reserve Bank of India (RBI) has taken some steps admitting tightening monetary policy and increasing interest rates six times to hold inflation.

These are some of the direct and alternative implications of a higher inflation rate. The RBI has already done multiple rounds of monetary policy tightening.

State-run fuel retailers will increase the cost of petrol by Rs 2.84 per litre in most parts of the country, or approximately 5% from today, in reaction to rising crude oil prices in the worldwide market.

Petrol is likely to cost approximately Rs 63 per litre in Mumbai from Saturday midnight, as per the oil company officials.

The administration had stated that it will pace in to freeze the right established to petroleum companies to incline prices as they wanted. The oil companies have as well enhanced aircraft fuel costs by 2% or around Rs 1 per litre.