Bollywood calls off Feb 23 strike, eyes Budget 2012 for service tax relief

"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.

twitter-logo IANS   Mumbai     Last Updated: February 22, 2012  | 00:00 IST

Bollywood's planned 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 on 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 then we decided not to go for 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 Producers' Guild Vice-president Mukesh Bhatt also said they have decided to remain patient till the Budget.

"His (Pranab) 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," Bhatt said, adding a decision on the future course of action will be taken post March 16.

"It's a fair decision as ultimately we are here to do business and not to strike. Since the finance minister has promised to look into the matter, we shall wait till the Budget," said producer Kumar Taurani.

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