Manmohan may call meet on oil bonds
With the under-recoveries on motor fuel "threatening to go out of control' and international crude prices showing no sign of receding, Prime Minister Manmohan Singh is likely to convene a meeting of the Petroleum and Natural Gas and Finance Ministries to sort out the "dispute' pertaining to issuance of enhanced oil bonds to bail out the oil marketing companies (OMCs) from incurring heavy losses that threaten to derail their expansion and investment plans.