There are a number of taxes that the entertainment industry grapples with. There is entertainment tax, service tax, VAT, etc., it gets very cumbersome to file the paperwork and interface with so many departments. So in my view the entire tax regime should be simplified. 

As suggested by the film industry earlier, an anti-piracy levy should be introduced on blank CDs and DVDs so that the input cost for piracy goes high which will ultimately help control piracy. The funds so collected can be channelized to fight piracy.

The Indian film industry has immense potential and needs a push to go out there and market itself to the world. We can become a multimedia hub with cutting edge technology. 

This can be achieved by setting up a dedicated fund for Indian films to travel the globe.The country is also going through a broadband and mobile revolution

and hence need the support from the government to step in and help the industry establish itself in the fields. 

For example, the industry also needs a framework so that micro payment transactions can be carried out with ease for companies as well as consumers. A tax holiday for the fledgling animation industry will also be welcome from the government.