The Centre for Policy Research has downsized its staff by 75 percent. Its faculty members — including fellows and senior fellows — have taken “massive pay cuts” ranging from 50 percent to full. The think tank had come under the income tax department’s tax scanner and faces a “serious financial crisis”, sources told Newslaundry.
CPR, widely seen as a “centrist” think tank that examines government policies, has lost 75 percent of its total receipts with the suspension of its Foreign Contribution Regulation Act licence in February. Last month, it also lost its tax exemption status as a charitable institute. It is perhaps the first think tank to lose both conditions, months after it was accused of irregularities in funding.
