Members of the film industry were hoping that Finance Minister Arun Jaitley would include entertainment industry in the Union Budget 2015, but the budget failed to please them.
Bollywood, which is the world's largest film industry, expected the Narendra Modi government to reform the entertainment tax this year. Several filmmakers and exhibitors said that Jaitley should propose incentives to build new theaters and screens in India.
In his speech, Jaitley said that Centre of film production, animation and gaming will come up in Arunachal Pradesh. But there was no mention of tax reform or new incentives in his budget speech.
Filmmaker Ashoke Pandit, a member of Censor Board, said that entertainment industry plays an important role in the nation's economy, but still it was neglected by the Modi's government.
Check out what other stars, filmmakers and exhibitors and distributors have said about the Union Budget 2015:
As expected no mention of the #Entertainmentindustry in the present budget is sad.#Budget2015.
— Ashoke Pandit (@ashokepandit) February 28, 2015Govt. uses stars to promote their states & their events but doesn't even consider it to be worth a mention in the #Budget2015.
— Ashoke Pandit (@ashokepandit) February 28, 2015Entertainment industry, besides entertaining plays an imp. role in the nation's economy & govt. considers it to be non-existent. #Budget2015
— Ashoke Pandit (@ashokepandit) February 28, 2015Did I miss out anything on Entertainment industry or is there nothing there at all ? #Budget2015
— sanjay suri (@sanjaysuri) February 28, 2015anything for Entertainment industry or Multiplexes? #Budget2015
— Prashant Solanki (@soulucky) February 28, 2015#Budget2015 Very bad for Entertainment Industry due to Service Tax being increased to 14% so all film gonna be EXPENSIVE #servicetax
— SHAWN ARRANHA (@shawnarranha) February 28, 2015Nothing for the film industry as usual #Budget2015
— Suparn Verma (@Suparn) February 28, 2015Hai na. Service tax from 12 to 14% RT @Suparn Nothing for the film industry as usual #Budget2015
— CilemaSnob is now (@NotSoSnob) February 28, 2015Service tax rise. :) RT @soulucky: anything for Entertainment industry or Multiplexes? #Budget2015
— dunkdaft ™ (@dunkdaft) February 28, 2015
