On Monday, Union Minister of State for Information and Broadcasting, Rajyavardhan Singh Rathore sought to correct the negative public perception that black money is pumped into films, and said the industry is likely to benefit from demonetisation.

"The film industry has been transacting through cheques and money loaned from banks. We used to earlier hear that the black money is pumped in the film industry.

"I don't think in this age there is any black money used in the film industry. There will be transparency in the film funding due to which good films will get the support," Rathore said talking to the reporters on the sidelines of ongoing International Film Festival of India (IFFI) in Goa.

The Union minister also went on to say that certain section of people who were running parallel economy have now vanished.

"There will be impact of demonetisation on terrorism, theft, dacoity, use of drugs, crime rate.. everything will be decreased once economy becomes cashless, everything is interlinked," he added.

But it was his comments that there's no black money in film industry, that evoked the wrath of Twitterati.

Here's how Twitter reacted: