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Nov26
Next Year's Budget, Bollywood Friendly!

After giving Bollywood a long due industry status, the Government has announced further steps to boost business of the Indian Film Industry. PR Dasmunsi, The Information and Broadcasting Minister talked about the Govt’s plan to introduce a policy on film-making which would “promote filmmaking in the country through means like easier finance and tax concessions. Films have given a lot to the    government by way of revenue, but government has not done anything for the film industry,” he said.

The policy is a brainchild of a core committee and has given a thought to various amit-padmabhushanS.jpg issues including; various issues like easier finances for films, tax concessions, piracy, export duties and organizations of film festivals. One will also finally see a “model level” for certification of both Indian and foreign films and will also work towards enhancing and making regional cinema more lucrative.

“Indian films make profits, but a collaboration with a foreign producer provides many subsidies like a 12% refund, which makes it very attractive for Indians to shoot abroad.But a similar offer is not available for those producers to shoot in India,” said Bobby Bedi, filmmaker and chairman of the CII national Committee on Entertainment.

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