The Communist Party of India-Marxist on Wednesday said the inclusion of Anil Ambani-led Reliance Capital as one of the managers of Employees Provident Fund was an indication of the 'cost' the United Progressive Alliance paid for ensuring support for the government.
"The reported late selection of Reliance Capital as one of the fund managers is an indication of the cost of support to this tainted government," the party's Politburo said and demanded that the government should refrain from implementing this "anti-worker decision".
Strongly opposing the decision of the EPF trustees to "hand over huge amounts" of workers' Provident Fund contributions, it said by this decision, around Rs 240,000 crore (Rs 2,400 billion) in the corpus fund and another Rs 30,000 crore (Rs 300 billion) of the annual incremental fund, will be literally gifted to the corporates."
