Only to achieve free gifts: Top Fund Manager Slams TAX Spike As Bills in Bengaluu explodes

Deepening the ability to bear the costs in Bangaluru, as one of the senior fund managers in India called “many tax increases – just to fulfill the promises of free gifts”, as the cost of living throughout the city. From water and milk to salad, transportation, and rent, all that is near each necessary comes now at a more slope price, forcing families to re -calculate – or break – their monthly budgets.

Bangaluru residents face steady pressure, with a new rise through facilities and services. The last blow: an increase of 32 % in the water tariff and 25 % in the sewage fees – coming immediately after milk prices more than twice.

Many families report an additional group of $ 5,000 every month.

This year alone, the cost escalation did not touch each category:

• Energy rates increase by 36 PAISE per unit
• Metro prices jumped 45-50 %, and bus prices by 15 %
• The sales tax on diesel increased by 10-15 %, on gasoline by 3.92 %
• Stamp fees and registration fees increased by 13-47 %
• Milk prices rose from $ 40 to $ 82 per liter
• Diesel moved from $ 55 to $ 90
• Medical service fees, beer and alcoholic drinks increase by 4-20 %
• Universities run by the country announced a 10 % increase in fees

Residential rents also spared. Medium-range markets are witnessing 7 %, while PG-Heavy and Skyorer areas exceed 4-20 %.

The government attributed high prices to high operating costs, fuel enlargement, and the need to finance social welfare plans. But for most citizens, the interpretation does not reduce the strike.

As the expenses rise faster than the income, the middle layer is left in the city with difficult choices – cut the corners, or the exit, or get used to paying more for less.