The Central Government has decided to take direct action to remis looking at a salary bailout for the 53,000 Satyam Computer Services employees.
A Rs 2,000 crore package is under consideration to ensure that Satyam employees get their salary on time after it the new board said that they are looking for funds.
CNN-IBN has learnt that the government is looking at giving three instalments of Rs 500 crore to Satyam for the next three months and is planning another infusion of about Rs 400 crore.
Prime Minister Manmohan Singh met senior Cabinet ministers and officials at his residence to discuss the over Rs 7,000 Satyam scandal where the bailout package was finalised.
The meeting was attended by Home Minister P Chidambaram, Commerce and Industry Minister Kamal Nath, Corporate Affairs Minister Prem Chand Gupta and Planning Commission Deputy Chairman Montek Singh Ahluwalia.
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