Huge Impact on Indian Cinema because of Currency BanBollywood News

November 09, 2016 13:20
Huge Impact on Indian Cinema because of Currency Ban

Indian Prime Minister Narendra Modi came up with a bold decision of banning Rs 500 and Rs 1000 notes which has been widely lauded across the country. Though it affected the life of a common man, this will sure help to curb the blackmoney across the country. However this will have a huge impact on the Indian cinema as most of the transactions have been unaccounted. Film business is completely unorganised and financiers play a key role in the major transactions.

With the notes banned, the government will keep a track for all the huge transactions across the country in the coming future. This will sure have a huge impact on cinema and taxes are to be paid for all the money spent and earned. Even the actors, directors who are paid massive remunerations need to show a clean account which is not being done. It is not possible to make cashless transactions and all the bulk transactions will be tracked by the government.

If you enjoyed this Post, Sign up for Newsletter

(And get daily dose of political, entertainment news straight to your inbox)

Rate This Article
(0 votes)
Tagged Under :
Indian Cinema