IITs [and other institutes] may face difficulties raising funding from private sources

The inception of the "Bharat Shiksha Kosh" by the Union Ministry of Education will mean that all private donations for IITs and other education institutes will have to be routed through the Government.  The BSK will also want to be involved in deciding which institutes do the private endowments go to.

" "It is the most asinine thing I ever heard in my life," says US-based tech entrepreneur-turned-venture capitalist Kanwal Rekhi. "Donors are making voluntary gifts because of emotional attachment or commitment to the institutes. They will not hand out money to a nameless bureaucrat or a feckless politician. They should use public funds to do what they think needs to be done."  Would he consider giving donations in future? "Absolutely not!" he retorts. "You can kiss the donations goodbye if the BSK happens. This will kill the golden goose." "  And I agree.