Satyam may get financial help from govt: Nath

New Delhi, Jan 12 (PTI) Troubled Satyam Computer Services, facing a liquidity challenge, may get financial support from the government, which is willing to consider "all aspects" of helping the crisis-ridden company, Commerce and Industry Minister Kamal Nath said today. 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.