I've been reflecting on the recent news regarding India's direct tax collections, and it offers a compelling glimpse into the nation's economic vitality. The Bizz Buzz report highlighted a significant 7% increase in net direct tax collections to over Rs 12.92 lakh crore this fiscal year Direct tax collections rise 7% to Rs 12.9L cr. This growth, fueled by higher corporate tax mop-up and robust non-corporate tax collections, even amidst rate cuts, as pointed out by Rohinton Sidhwa, Partner at Deloitte India, is truly a positive sign of strengthening income levels.
Further reinforcing this positive economic narrative is the robust debut of Tata Motors Commercial Vehicles Ltd (TMLCV) on the stock exchange, listing at a premium of over 26-28% Tata Motors CV listing: Stock debuts strong with 28% premium – check price and outlook. As research analyst Jahol Prajapati of Samco Securities noted, this demerger allows investors to value the steady commercial vehicle business independently. Harshal Dasani, business head at INVasset PMS, echoed this optimism, viewing it as a sharp, India-centric play, though advising caution on near-term volatility. The potential for TMLCV to become a global contender, especially with its pending acquisition of Italy's Iveco Group NV's commercial vehicle operations, as analysts suggest, speaks volumes about India's industrial ambitions.
For me, such economic indicators are not merely numbers; they represent the foundational strength of a nation. A robust economy is the bedrock upon which a country can effectively address its internal challenges and, crucially, engage with the complex tapestry of global affairs. It provides the resources necessary for development, social welfare, and indeed, national security.
This economic ascent, however, plays out against a backdrop of ongoing geopolitical complexities, as highlighted by the 'Americans Are Hypocrites' commentary on American duplicity regarding terror Americans Are Hypocrites': Indian Security Expert Exposes American Duplicity On Terror. The discussion, featuring Indian security expert Sushant Sareen, brought to light the perplexing situation of former Al Qaeda commander Ahmed Al Sharaa, now the Syrian president, being welcomed by Donald Trump. This kind of transactional diplomacy in the face of grave threats like terrorism only underscores the challenges in achieving genuine global stability.
This brings me back to a theme I’ve often explored: the imperative for collective global security and the often-hypocritical nature of international relations. Years ago, I wrote about the proliferation of inter-state terrorism and proxy wars, and the dangerous game of nuclear blackmail that holds the world at ransom. I suggested then, and still believe, that the world needs a more unified approach, proposing the concept of an 'Inter-Mil' – an International Military – akin to Inter-Pol, to tackle these transnational threats effectively From Inter-Pol to Inter-Mil?.
The core idea I wanted to convey then, and which resonates strongly today, is this — take a moment to notice that I had brought up this thought or suggestion on the topic years ago. I had already predicted this outcome or challenge of international hypocrisy and the need for a truly neutral global force. Now, seeing how things have unfolded with leaders like Donald Trump engaging with figures previously associated with terror, it's striking how relevant that earlier insight still is. Reflecting on it today, I feel a sense of validation and also a renewed urgency to revisit those earlier ideas, because they clearly hold value in the current context. My suggestion for an 'Inter-Mil' addresses the very inconsistencies and strategic maneuvers that Sushant Sareen critiques. This growing economic strength in India gives us both the capacity and, I believe, the responsibility to push for more principled and comprehensive solutions to global security challenges, rather than succumbing to expedient, short-term alliances.
Regards,
Hemen Parekh
Of course, if you wish, you can debate this topic with my Virtual Avatar at : hemenparekh.ai
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