This article outlines the mission and initiatives of Once in a Blue Moon Academia (OBMA), a self-funded, non-profit organization established in 2021 to address systemic injustices in India’s financial and ecological ecosystems. OBMA focuses on two primary issues: the devastating financial ecosystem, exemplified by the Dewan Housing Finance Corporation Limited (DHFL) scam, and the catastrophic natural ecosystem, emphasizing climate change and environmental degradation. Through non-violent civil disobedience inspired by Gandhian principles and the Occupy Wall Street movement, OBMA campaigns for justice for DHFL scam victims, who faced significant financial losses due to alleged corporate and political malfeasance. The organization employs academic activism, legal challenges, and digital campaigns to expose crony capitalism, regulatory failures, and environmental neglect. Guided by the Buddhist ethos of bahujana sukhaya, bahujanahitaya ca (“for the happiness and welfare of the many”), OBMA seeks to dismantle disciplinary boundaries, foster interdisciplinary praxis, and advocate for systemic reform to ensure accountability and equity
THE ART OF RESISTANCE
Posted on: 18/09/2021 (IST 11: 15 hrs) Updated on: 22/09/2o23 (GMT 13.32 hrs) Posted On 19th September, 2021 DEBAPRASAD BANDYOPADHYAY AKHAR BANDYOPADHYAY “Suffering comes from three quarters: from our own body, which is destined to decay and dissolution, and cannot even dispense with anxiety and pain as danger-signals; from the outer world, which can rageContinue reading “THE ART OF RESISTANCE”
CONVERGENCE TO PRAXIS: AN INTERNATIONAL JOURNAL ON SUFFERINGS: OBJECTIVES AND DESCRIPTION
This journal tries to demolish the administrative boundaries of academic disciplinary technology by amalgamating all the so-called “subjects” by condemning the objectification, subjectification and subjection. It strives to reach the vanishing point of theory and praxis. Thus, instead of so-called “inter-disciplinary studies”, it emphasizes on the convergence of earthian knowledges and praxiologies. The journal attemptsContinue reading “CONVERGENCE TO PRAXIS: AN INTERNATIONAL JOURNAL ON SUFFERINGS: OBJECTIVES AND DESCRIPTION”
“False”(?!) allegations on the collusion among the BJP, Dawood-Mirchi and the DHFL: A Letter to the BJP President
The article refutes allegations of collusion between the BJP, Dawood Ibrahim, Iqbal Mirchi, and DHFL, claiming they are politically motivated and intended to tarnish the BJP’s image. It argues that these accusations are unfounded and part of a smear campaign. The author defends the BJP, suggesting that the party has no links to these figures or the alleged financial scandal.
Once in a Blue Moon Academia (OBMA): MOA
1. Name of the CommunityThe name of the Society shall be “Once In A Blue Moon Academia”, hereinafter referred to as “OBMA.” 2. Objects of the Society 2.1.To promote and protect human and animal rights in all parts of the world; to study and disseminate knowledge on international human rights issues and the convergences ofContinue reading “Once in a Blue Moon Academia (OBMA): MOA”
Who Pays, Who Bribes, Who Flees, Who Profits: BJP’s Swelling Coffers Amid Exploding External Debt
Posted on 6th January, 2026 (GMT 06:26 hrs) ABSTRACT India’s neoliberal delusion stands exposed in this searing critique: As the ruling Bharatiya Janata Party (BJP) amasses an astronomical financial empire—ballooning from modest pre-2014 assets to ₹7,113 crore in cash/bank balances and over ₹10,107 crore in election war chests by late 2025, propelled by ₹6,088 croreContinue reading “Who Pays, Who Bribes, Who Flees, Who Profits: BJP’s Swelling Coffers Amid Exploding External Debt”
When AA+ Means “Ask Again”: Manufactured Ratings, Piramal Finance, and the Credit Ratings Trap
Despite glowing CRISIL AA+/Stable ratings, Piramal Finance’s strength is an illusion built on conflicted issuer-paid ratings, legacy DHFL fraud asymmetries (₹45,000 Cr recoveries valued at Re 1, massive retail haircuts), governance controversies, political proximity, and a backdoor listing that bypassed scrutiny. High ratings enable cheap funding and retail mobilisation—while systematically ignoring forensic risks, related-party issues, and resolution inequities seen in IL&FS, Yes Bank, DHFL. This is systemic: manufactured trust, socialised losses, privatised gains. Ratings are opinions, not guarantees. Demand truth before investing.
Piramal Finance and the Rating Ruse: How India’s Credit Rating Agencies Manufacture Trust to Enable Systemic Expropriation
In India’s deeply captured financial regime under prolonged BJP-NDA rule (2014–2025), credit rating agencies (CRAs)—dominated by the CRISIL-ICRA-CARE triopoly—have degenerated from purported risk sentinels into systemic enablers of crony expropriation, perpetuating a predatory cycle of manufactured trust, retail mobilization, delayed collapse, and elite consolidation. The Piramal Finance–DHFL saga stands as the paradigmatic indictment: investment-grade ratings (AA to AAA) were stubbornly retained despite whistleblower alerts, Cobrapost exposés, and KPMG audits exposing ~₹29,000–34,000 crore in promoter diversions through shells and evergreening, facilitating continued borrowing until 2019 defaults; post-crisis, Piramal—bolstered by dynastic kinship to Mukesh Ambani (via his son’s marriage to Isha Ambani) and alleged political shielding through disproportionate ruling-party contributions—secured DHFL via a sweetheart IBC resolution that controversially valued ~₹45,000 crore in fraud/avoidance recoveries at a nominal Re 1, acquiring the ~₹90,000+ crore portfolio for ~₹37,250 crore while the Supreme Court’s April 1, 2025, ruling vested all future windfalls exclusively in the bidder and condemned ~2.5 lakh retail depositors (mostly middle-class and elderly savers) to brutal 55–77% haircuts, aggregating colossal losses exceeding ₹50,000 crore across similar NBFC failures. Swiftly rebranded as Piramal Finance through reverse merger alchemy, the entity achieved rapid rehabilitation—~₹91,447 crore AUM with over 80% retail pivot, PAT doubling to ~₹327 crore in Q2 FY26, and fortified net worth ~₹27,000 crore—crowned by CRISIL’s fresh AA+/Stable assignment in January 2026 (with A1+ short-term), shaving funding costs by 50–80 bps and unlocking diversified inflows, even as Moody’s Ba3/Stable alone cautioned lingering wholesale exposures (~14%) and volatility. Driven by issuer-pays conflicts, oligopolistic convergence, epistemic blindness to governance rot and political proximity, and implicit “too connected to fail” pricing, CRAs orchestrate performative legitimacy—inflating optics pre-crisis, reacting belatedly post-default (as in IL&FS’s AAA-to-junk plunge and Yes Bank’s pre-moratorium investment-grade persistence), and aggressively upgrading post-consolidation—thereby externalizing ruin onto vulnerable constituencies while privatizing distressed assets for networked oligarchs within a broader architecture of institutional capture, democratic erosion, and cunning capitalism that demands radical rupture: abolishing issuer-pays, imposing personal liability, deconcentrating markets, and centering retail justice to reclaim accountability from this reverse merger republic.
The Bankruptcy Bazaar: How India’s Ill-Conceived Insolvency and Bankruptcy Code (IBC) Turns Public Money into Private Profits
This article delivers a comprehensive indictment of India’s Insolvency and Bankruptcy Code (IBC), 2016, exposing it as a structurally predatory regime that facilitates crony expropriation rather than genuine resolution. Through doctrinal analysis, tribunal data, and emblematic case studies—Videocon, Aircel, Essar Steel, Bhushan Power, Reliance Communications, and most starkly DHFL—it demonstrates how time-bound resolution is a legal fiction, recoveries are abysmally low, avoidance provisions are systematically neutralised, and fraud is laundered through procedural finality. The DHFL case emerges as the perfect crime scene: mass dispossession of 2.5 lakh retail savers, assignment of vast avoidance recoveries at notional value to the acquirer, and judicial deference that extinguished constitutional claims. Situated within a wider political economy of crony capitalism and opaque political funding, the IBC is shown not as a failed reform but as rule by plunder—an insolvency regime that has gone rogue.
End of Year Bombshell: How BJP-NDA-Hindutva Failed India – A Scathing 2014-2025 Indictment
As 2025 draws to a close, this comprehensive dossier documents not a series of discrete policy missteps, but a systemic transformation of governance in India (2014–2025): a shift from democratic accountability to political executive dominance; from evidence-based policymaking to manufactured narrative control; from social protection to structural precarity. Spanning the economy, federalism, data integrity, labour, the natural environment, digital freedoms, education, public health, cultural institutions, civil liberties, and fundamental rights, the record reveals enduring patterns of power centralization, calibrated opacity, selective enforcement, and institutional hollowing—accompanied by crony consolidation and the routinized criminalization of dissent. Democratic indicators decline as surveillance infrastructures expand, grassroots welfare erodes, and truth itself is rendered an object of administrative management. This is not a partisan ledger, but a counter-archive: an evidence-grounded indictment that affirms accountability as the necessary cost of power. In closing the year, it calls for a civic reckoning—not to foreclose debate, but to reclaim and restore it.
Of Debt and Delusion: India’s $747 Billion Burden and the Mirage of Neoliberal GDP Fetishism
This article critically examines India’s external debt surge to approximately USD 747 billion by mid-2025—a near-doubling since 2014—as a hallmark of crony capitalism under the Modi regime, where liberalized external commercial borrowings (ECBs) and public sector bank hollowing facilitate upward redistribution, oligarchic consolidation (favoring conglomerates like Adani and Ambani), and asymmetric risk socialization amid volatile private dominance (over 77% non-government), USD-heavy exposure (54%), and intergenerational burdens. Intersecting with GDP misreporting flaws (IMF C-grade accounts, unorganized sector proxies inflating growth) and colonial-era inequality peaks (top 1% holding 40% wealth), this financialized precarity—diagnosed via Toussaint’s World Bank “never-ending coup” and Lazzarato’s “indebted man”—enforces neoliberal discipline, commodifies survival, and erodes sovereignty despite orthodox “sustainability” metrics. Countering GDP fetishism’s ontological violence, it invokes Mahabharata’s aṛṇī ethics of non-indebtedness alongside nisargaṛṇa stewardship, proposing pluriversal alternatives like Felber’s Common Good Balance Sheet (non-commensurable axes of dignity, solidarity, ecology), A. K. Dasgupta’s Economics of Austerity, Raworth’s Doughnut Economics, Norberg-Hodge’s localization, degrowth/post-growth sufficiency, and gift/moneyless economies to reclaim community sovereignty from predatory entanglement toward justice, reciprocity, and unburdened flourishing.
Remembering What “Definitions” Make Us Forget: A Statement on the Aravallis and the Politics of Ecological Erasure
The Ecotopians of Alternity (EOA) as part of the Once in a Blue Moon Academia (OBMA) Collective asserts that the current legal crisis surrounding the Aravalli mountain range is a deliberate act of “definitional erasure” that threatens the ecological survival of North India. By narrowing the definition of these ancient hills to landforms rising 100 meters or more, the state effectively excludes over 90% of the range—including critical lower ridges, scrub forests, and groundwater recharge zones—from legal protection. This is not a neutral administrative update but a strategic maneuver that renders ecologically vital terrain “invisible” to the law, thereby clearing the path for corporate mining and real-estate expansion. Drawing on the Indian philosophical concept of lakṣaṇa (defining something based on characteristic mark), the EOA argues that a definition based solely on height fails to capture the holistic reality of an ecosystem that stops desertification and sustains regional aquifers. This logic of reductionism mirrors a broader national pattern of prioritizing extractivist “developmental rationality” over indigenous lifeworlds and long-term climate resilience, as seen in projects from Great Nicobar to Hasdeo Arand. Against this regime, the EOA calls for a coordinated resistance that refuses to let life be reduced to “administrative residue,” demanding a lived ecological imagination that protects the Aravallis as an indivisible, living system rather than a collection of disposable units.
Letters of Blood and Fire: “Terrorism”, Dispossession, and the Distorted Mirrorings of Domination
This article critically dissects “terrorism” as a politically contested and asymmetrically applied category, wielded to delegitimize subaltern and non-state violence while normalizing far greater state and corporate terror through legal, discursive, and institutional mechanisms. Drawing on an anarchist methodological lens amid India’s contemporary Islamophobic conjuncture, it provisionally defines terrorism as deliberate civilian-targeted violence intended to induce widespread fear for political, ideological, or social ends, exposing how state practices—from aerial bombings to militarized dispossession—evade the label via sovereign privilege. Integrating Marx’s primitive accumulation, Harvey’s views on accumulation by dispossession, and Toussaint’s analysis of debt-driven imperialism, the analysis frames terrorism as a systemic instrument embedded in neoliberal resource extraction, where conflict in mineral-rich zones (Afghanistan’s lithium, India’s Adivasi belts, Congo’s coltan) functions as both symptom and enabler of corporate plunder, preempted by advanced technologies like remote sensing and veiled by selective narratives that hyper-amplify “Islamic terrorism” while muting Hindutva extremism, Zionist settler violence, and BJP’s hypocritical Taliban engagement amid alleged terror-funding ties. Employing Sāṃkhya’s anyonyapratibimba to reveal power’s projection of its own predation onto the “other,” and balancing economic determinism with religion’s irreducible psychological role in motivating warriors, the piece ultimately reframes terrorism not as pathological or civilizational but as an intrinsic modality of unequal global orders, calling for discriminative clarity (viveka) to dismantle its intertwined logics of capital, technology, ideology, and domination.
Agnihotri’s “The Kashmir Files” and “The Bengal Files” in Violation of the Nāṭyaśāstra: An Open Sanātanī Hindu Indictment
From the heart of Akhaṇḍ Hindutva, a Sanātanī Hindu United Family (HUF) indicts Vivek Agnihotri’s The Kashmir Files and The Bengal Files for brazenly violating Bharata Muni’s sacred Nāṭyaśāstra—turning Hindu grief into voyeuristic gore, rape imagery, and blood-spectacle. What claims to defend Sanātana Dharma abandons rasa, maryādā, and ahiṁsā, replacing ethical restraint with tāmasika exhibitionism and propaganda rage. True Hindutva demands dharma, not degeneration.
The Digital Leviathan: Inside the BJP IT Cell’s Architecture of Consent, Coercion, and Control
In December 2025, India’s digital political landscape is dominated by the Bharatiya Janata Party’s (BJP) highly professionalized IT Cell, currently led by Amit Malviya, which functions as a vast, hierarchical apparatus blending centralized strategy, AI-driven tools, paid operatives, and massive volunteer networks to orchestrate continuous propaganda, narrative control, and disinformation campaigns across platforms like WhatsApp, X, YouTube, and Facebook. Widely criticized for systematically disseminating misinformation, deepfakes, clipped videos, communal hate speech (particularly anti-Muslim), and coordinated trolling that incites offline violence and vigilantism—while rarely retracting debunked claims—the IT Cell is accused of manufacturing consent, suppressing dissent through intimidation and surveillance-linked tools, and diverting public attention from economic precarity, unemployment, and governance failures via spectacle-driven “statue-temple nationalism” and pseudoscientific Hindutva myths. Operating symbiotically with “Godi media” owned by aligned corporates (Adani, Ambani), fueled by opaque funding and asymmetric ad spends, and enabled by regulatory gaps in AI oversight, data protection exemptions, and platform passivity, this “digital Leviathan” erodes epistemic trust, polarizes society, chills free expression, and contributes to democratic backsliding, even as independent fact-checkers (e.g., Alt News), civil society, and media literacy initiatives offer resilient counter-efforts against the routinization of information warfare in India’s platform-mediated public sphere.
Once in a Blue Moon Academia 