Panel to set norms for film financing

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The government has constituted a high-powered committee, headed by Planning 
Commission Member NK Singh, to set new guidelines for regulating film 
financing. Financial institutions have, so far, sanctioned about Rs 526 
crore to finance films. Of this, the largest contribution of Rs 100 crore 
has come from IDBI. As a part of its steps to promote film making in India, 
the government has eased procedures and relaxed regulations in connection 
with script clearances and visa permissions. The Indian film industry 
produced 1,013 films in 2001, up from 855 in 2000 — a growth of 18 per cent 
in volume terms. According to industry experts, the industry spent an 
estimated Rs 2500 crore in 2001. This represents a 16 per cent increase 
over the total costs over 2000. 

Source:
http://www.business-standard.com/today/story.asp?Menu=2&story=26747