The Government certainly can not remain aloof and allow Satyam to die off especially when it provides occupation to 53,000 odd people and indirectly supports more than a million Indians. While it is debatable that whether the tax payers money be used to bail out a company which deliberately got involved in a scam.

The troubled Satyam Computer Services, facing a liquidity challenge, may get financial support from the government, which is willing to New Satyam board members consider “all aspects” of helping the crisis-ridden company, Commerce and Industry Minister Kamal Nath said on Monday.

Since it was a question of saving jobs and an international Indian brand, the government would consider all the proposals from the newly-constituted board, Nath said. When asked whether the government could extend even financial help to Satyam, Nath said, “Of course. There are many jobs at stake and institutional stakes.”

Addressing a press conference after the first meeting of the government-appointed board in Hyderabad, Deepak Parekh said the liquidity issue would need immediate attention. Nath said it was up to the board to come up with proposals.

He said the Satyam fraud is not a slur on India Inc because the country’s corporate norms have passed the test of the Securities and Exchange Commission of the US and several other multilateral agencies.

On Sunday, the government constituted a three-member board comprising noted banker Deepak Parekh, IT expert Kiran Karnik and ex-SEBI member C Achutan. More appointments are to be made.

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