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'Film Industry Not Impacted by PM Modi's Demonetisation Move,' Says Mukesh Bhatt

"It's a good thing. But the film industry is not impacted by it at all. We don't deal in cash. The film industry has been completely corporatised and cleaned of all cash dealings," said Mukesh Bhatt, Film and Television Producers Guild of India's President

  | November 09, 2016 21:39 IST (Mumbai)
Demonetisation

Mukesh Bhatt photographed in Mumbai

Highlights

  • We don't deal in cash in cash, says Mukesh Bhatt
  • 'From the year 2000 onwards, the industry doesn't deal with cash money'
  • PM Modi scrapped Rs 500 and 1,000 notes to curb black money
Film and Television Producers Guild of India's President Mukesh Bhatt has lauded Prime Minister Narendra Modi's decision to scrap Rs 500 and Rs 1,000 currency notes to curb black money. He says the entertainment industry will not be impacted by it.
"It's a good thing. But the film industry is not impacted by it at all. We don't deal in cash. The film industry has been completely corporatised and cleaned of all cash dealings," Mukesh told IANS.
"From the year 2000 onwards, the industry doesn't deal with cash money. So we are not impacted by this," he added.
To give effect to PM Modi's decision to denotify Rs 500 and Rs 1,000 notes to counter black money, the central government on late Tuesday notified the changes.
Mukesh was earlier in the news for supporting filmmaker Karan Johar during the controversy surrounding the release of Ae Dil Hai Mushkil, which featured Pakistani actor Fawad Khan.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

 
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