Tightening the purse strings

Tightening the purse strings

Money matters

Tightening the purse strings
With the Goods and Services Tax (GST) regime coming into effect today, eating out will not be an exciting proposition anymore.

A melting pot of different cultures, Bengaluru has numerous small and large eateries to cater to the population drawn from across the country. Now after the changeover to GST, the prices of food items in most restaurants will be hiked and people say that they will now have to think twice before eating out. Darshinis, the ubiquitous neighbourhood eateries, too have been hit hard by this new tax regime.

However, some Bengalureans say that the implementation of GST will not deter them from visiting their favourite restaurants. Pradeep Naidu, manager advanced services, Cisco Systems, had brought his team of 25 people for lunch to Ebony on Friday. Pradeep says that the increase in prices will not stop him from giving in to his food cravings. “I am a big foodie and I will continue to enjoy my experiments with food and eating out. I try and explore one new eatery every week and I will continue to do so,” says Pradeep. Agreeing with Pradeep is Anirudh H G, a student of CMR College, who says the increase in prices will not prevent him from either eating out or taking his friends to restaurants. “Those from affluent families won’t feel the pinch of the rise in prices. I usually carry food from home on weekdays and eat out only on the weekends. If I have to compromise on something, then I will order smaller portions but at the same restaurant,” says Anirudh.

Large families that dine out regularly say they may now have to cut down on their
outings. Monika Rajaram, a business woman, intends to go a little slow with her eatouts now. “It is definitely going to make a difference when you eat out in large groups. I feel it is wise to restrict dining out till we get a better understanding of it,” says Monica.

Preethi Urs, a homemaker, is unhappy with the implementation of GST. “Bengaluru is a happening city, especially on weekends, and I think it is unfair for people to have to think twice before eating out at their favourite restaurant,” says Preethi.

Students hope to ask their parents for a hike in their allowances to make sure that they don’t have to give up on having a good time with friends.

Maheswari N, a student of St Joseph’s College, is hoping to get an increase in her pocket money. “I want to continue to eat at the places that I love and hang out with friends,” says Maheshwari.

The implementation of GST has come as  rude shock for people like Kavya B, who has just completed her education and is looking for a job. “Eating out at a good restaurant today will cost nothing less than Rs 200 per person  and it is hard to compromise when you are used to going to certain places. I’ve just completed my education and am hunting for a job. At this point, I am going to have to tighten my purse strings till I can find a way to balance my income and expenditure,” says Kavya.
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