The demonetization drive came as an huge shock to the Film Industry. From Stars to Technicians, Producers, Junior Artiste as Daily Labourers, Everyone is effected by the move.
Usually, Producers pay a part of the remuneration to Star Heroes in cash and the balance in the form of cheques. A Top Star from an influential family in the Industry had returned Rs 4 crore in cash to the Producer after Modi announced demonetization drive. He made it clear to the production house that never ever pay his remuneration in cash.
Now, The Producer is clueless on how to covert this Unaccounted Money into White. He is searching for an alternative to bail out himself from trouble.
Can Film Industry run with White Money alone? Around 200 Films per year were produced in Tollywood. From next year, This count would be under 150 for sure.
Usually, Producers pay a part of the remuneration to Star Heroes in cash and the balance in the form of cheques. A Top Star from an influential family in the Industry had returned Rs 4 crore in cash to the Producer after Modi announced demonetization drive. He made it clear to the production house that never ever pay his remuneration in cash.
Now, The Producer is clueless on how to covert this Unaccounted Money into White. He is searching for an alternative to bail out himself from trouble.
Can Film Industry run with White Money alone? Around 200 Films per year were produced in Tollywood. From next year, This count would be under 150 for sure.