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Enlarge Photo The Bombay Stock Exchange (BSE) building is seen in this file photo. REUTERS/Punit Paranjpe Fri, Feb 29 05:14 PMIndian shares fell 1.4 percent on Friday to their lowest close this week, after the national budget budget failed to cheer investors already shaken by turbulent global markets.The government promised higher spending for ailing farms and pledged funds for rural revival in the 2008/09 budget, but a $15 billion scheme to waive loans and plans to raise the tax...

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NEW DELHI: Indian savings bonds could now be used as collateral for obtaining loans from banks, the finance ministry said late on Tuesday.The scheme is applicable for 7 percent Savings Bonds issued in 2002, 6.5 percent Savings Bonds issued 2003 and for 8 percent Savings Bonds issued in 2003, it said.Savings bonds were issued by the government in those years as a saving avenue for officials who took voluntary retirement or retired at the time.

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