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6 November 2014, Economic Times

Indian philanthropic money into think-tanks silencing foreign funding question

Luis Miranda founded IDFC Private Equity and served as the president and CEO from 2002-2010 and as chairman until 2011. This article was republished by The Economic Times

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Think-tanks are under scrutiny. In September, the Norwegian funding to a US think-tank—the Centre for Global Development (CGD), where India’s chief economic advisor Arvind Subramanian was senior fellow prior to his recent appointment—resulted in a huge uproar.

 

The funding, allegedly, was to influence the trajectory of an American foreign aid programme. The CGD, citing its considerable work on reducing global poverty and inequality, maintained it would never be influenced by sources of funding. It added that details on its funders, and amounts, were on its website and that it had nothing to hide.

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