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Budget 2012 News

  • | March 16th, 2012

    BUDGET 2012: Bollywood gets exemption from service tax

    BUDGET 2012: Bollywood gets exemption from service tax

    The film industry won’t go on strike as planned earlier, after some tax relief in Union Budget 2012
    Producer Mukesh Bhatt is delighted with the government’s decision to exempt the film industry from service tax. Filmmaker Goldie Behl termed it positive news. Post “the best gift” from Finance Minister Pranab Mukherjee while presenting the budget for 2012-13 in the Lok Sabha on Friday, the industry has no plans to go on strike – as it had threatened to on the tax issue. Click here to read more

  • | March 13th, 2012

    Budget 2012: Rakhi Sawant praises FM Pranab Mukherjee

    Budget 2012: Rakhi Sawant praises FM Pranab Mukherjee

    The item gal shocks parliamentarians with a surprise visit, but has only positive things to say about them
    The upcoming Union Budget 2012 may have all taxpaying Indians wary about their financial future but that didn’t stop our very own Rakhi Sawant from using the opportunity to garner some more publicity for herself. The item girl caused a stir when landed up unexpectedly at Parliament today (March 13) at the start of the Budget session. She admitted that she was not invited by any politician. “I just came to meet the MPs. I’ve come to see Parliament, to see how it works and how our leaders are working.” A surprise check! Wow! She also said, “I am here to know the Budget. I want to see how leaders are working. I want to request Sonia Gandhi that there should be something for the women too.” Click here to read more

  • | February 22nd, 2012

    Bollywood strike on February 23 called off

    Bollywood strike on February 23 called off

    The Bollywood strike on February 23 to protest against the imposition of a service tax on the film industry has been called off after a meeting with Finance Minister Pranab Mukherjee, industry officials said Tuesday. “This strike has been called off. We had a meeting with the finance minister and he has asked us to wait till the budget,” producer Ratan Jain said. “He understood our problem and we decided not to go for a strike till March 16 until the budget comes out. So, all the multiplexes and Bollywood will continue to move on without any strike on February 23,” he added.
    Film & Television Producers Guild of India vice-president Mukesh Bhatt also said that after the positive meeting with the finance minister, they have decided to remain patient till the budget. “His hands are tied right now and I will respect that. I am glad about the fact that he heard our plea patiently and has asked us to wait till the budget,” he said, adding they will wait till March 16 and then take a decision on their future course of action. The industry seems to be relieved with this decision.Click here to read more