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The cash crunch caused by demonetisation is now hitting the non-obvious quarters too. Among the latest victims of the cash crunch are the final year students of Film and Television Institute of India (FTII) whose diploma film project schedules have come under a cloud of uncertainty.
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Of the three diploma films of 2011 which were scheduled to be shot in November-December, one has been postponed to February, 2017, while the administration is trying to salvage the schedules of two others films which were supposed to be shot this month.
“We had to postpone the shoot of one project which was scheduled to start soon after the demonetisation announcement came. We, however, have managed to hold on to two other projects which were scheduled to go on the floor this month. We have changed the spending pattern — instead of cash we will use online transactions and cheques — and try to finish them on time,” said Amit Tyagi, Dean (Films).
Every diploma film team consisting one student each from direction, editing, sound design and art direction, is given a grant of Rs 1 lakh which is to be utilised for making of the film. The money is spent by the student under supervision of the administration to hire location, arrange extras, procure food and props as well as for other miscellaneous needs of the cast and the crew. Ranjeet Nair, final year Film Direction student whose shoot was postponed to February, said that although his team and administration tried to look for alternatives to avoid postponement, it had to accepted.
“We were to shoot the project in a village near Bhimashankar and would not have been able to return to the institute to collect the cash every other day. Being deep inside the interiors, we couldn’t have also used cashless payment methods to meet the needs of the crew. Hence, after discussion the decision to reschedule the project was taken,” said Nair.
IFFI attendance shows a drop The 47th edition of the International Film Festival of India (IFFI), which is currently on in Goa, saw a sharp dip in the number of delegates, which the administration blamed on demonetisation. It also saw less number of Puneites visiting the event.