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Economy

Piyush Goyal says no plan to regulate cinema, IPL cricket

Updated : July 25, 2018 07:37 AM IST

The government is not planning any law to regulate either cinema and television industries or IPL cricket, Finance Minister Piyush Goyal informed the Rajya Sabha on Tuesday.
He further said that the Revenue Intelligence authorities had not made any assessment regarding the flow of unaccounted money into the entertainment industry, including cinema production and distribution.
However, Goyal said that investigation into the matters regarding tax evasion and unaccounted black money is an ongoing exercise and appropriate action are taken under the Income Tax Act.
Piyush Goyal says no plan to regulate cinema, IPL cricket

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