Don't expect government to reintroduce oil bonds: R.K. Singh

With the government sticking to its fiscal deficit target of 5.3 per cent for FY13 in the face of the disastrous 2G auction response, investors are asking the question: how will the govt manage it? One thought process was that the government may defer oil subsidy payments to OMCs or issue oil bonds again. R.K. Singh, CMD, BPCL, feels it's unlikely that oil bonds will be reintroduced, while emphasizing the need for timely payments.