Mumbai: 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.)
"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.
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.
Advertisement
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Advertisement
COMMENTS
Advertisement
"I Had To Dissent": Justice Nagarathna On Demonetisation Judgment Banned Currency Notes With Face Value Rs 47 Lakh Seized In Madhya Pradesh Courts Must Refrain From Delving Into RBI's Monetary Framework: High Court A Day After Divorce Announcement, Natasa Stankovic Posts Pics From Serbia Krishan Kumar's Daughter Tishaa Dies After "Battle With Illness": Family Ben Affleck Is "Upset It Didn't Work Out" With Jennifer Lopez: Report 1,100 Flights Cancelled In US As Microsoft Outage Disrupts Operations Elon Musk Congratulates PM Modi On Becoming Most Followed Leader On X With Shadow Cabinet, Naveen Patnaik Makes His Intentions Clear Track Latest News Live on NDTV.com and get news updates from India and around the world.