The article humorously nominates India’s Finance Minister, Nirmala Sitharaman, for the Ig Nobel Prize in Economics. The satire criticizes her economic policies, particularly the handling of the Indian economy during challenging times. It highlights how her statements and decisions, such as attributing economic issues to factors like “Act of God,” have sparked controversy. The nomination is a tongue-in-cheek critique of her perceived disconnect with ground realities, mocking the effectiveness of her policies.
Category Archives: Activities
Our current activities concentrate on the case of Dewan Housing Finance Corporation Limited (DHFL), India. While exploring and investigating this particular case, we have found that India’s crony ruling party, gangsters, banksters as well as religious gurus and institutions are involved in the same. Therefore, to break such collusion, we have decided to deploy an “all out attack” on the existing paradigm of neoliberal market economy as well as market fundamentalism. ***DISCLAIMER: We have collected all the data from available sources on the internet as given on the official portals of media houses, websites and institutions and organizations. We are not first-hand reporters and hence, we are not liable for any inadvertent error or value-loaded statements made on those portals. All propositions have to be viewed as descriptive assertions on the given point of concern.***
Nominating Hon’ble Prime Minister of India, Mr. Narendra Modi, for the Ig Nobel Peace Prize: A Letter to the Ig Nobel Prize Board of Governors
The blog post sarcastically nominates Indian Prime Minister Narendra Modi for the Ig Nobel Peace Prize, mocking his policies and actions. It critiques Modi’s handling of events like the 2002 Gujarat riots, demonetization, and his relations with China and Pakistan. The authors highlight perceived contradictions in his governance, such as advocating peace while engaging in arms deals, and attending few press conferences. The nomination is presented as a satire, questioning the legitimacy of Modi’s claims to peace and leadership.
Pleading for the DHFL Victims’ assertion of agency- marginalization due to financial abuse: A Letter to the Hon’ble CJI Chandrachud
Posted on 11/11/2022 To Justice Dhananjaya Yeshwant Chandrachud, The Honourable Chief Justice of India Sub: Pleading for the DHFL Victims’ assertion of agency: marginalization due to financial abuse Dear Sir, First of all, on the auspicious occasion of your birthday, let every moment of your life be a new birth (mahasthavira jataka). In the midst of catastrophic anthropogenic glocalContinue reading “Pleading for the DHFL Victims’ assertion of agency- marginalization due to financial abuse: A Letter to the Hon’ble CJI Chandrachud”
Why are Godi Media reluctant to report on the biggest financial scam: DHFL?
Posted on 08/11/2022 Updated on 18/02/2023 I. What do we mean by “Godi Media”? Godi media (Hindi pronunciation: [ɡoːdiː]; lit. ’media sitting on lap’; idiomatic equivalent: ‘lapdog media’;) is a pejorative term coined and popularized by NDTV journalist Ravish Kumar, the face of fourth and fifth pillars of democracy in India at present, for the sensationalist and biased Indian print and TV news media, which supportsContinue reading “Why are Godi Media reluctant to report on the biggest financial scam: DHFL?”
Seeking intervention on the (mis?)conducts of the RBI-appointed DHFL-CoC Resolution Process: LETTERS TO THE CVC, CBI, ED, NIA
Posted on 06/11/2022 Updated on 09/12/2022 We have sent the following letters to the Central Vigilance Commission, Central Bureau of Investigation, Enforcement Directorate and the National Investigation Agency: LETTER TO THE CVC: ToThe Central Vigilance Commissioner,Central Vigilance Commission of India,Government of IndiaSub: Seeking intervention on the (mis?)conducts of the RBI-appointed DHFL-CoC Resolution Process Dear Sir, ItContinue reading “Seeking intervention on the (mis?)conducts of the RBI-appointed DHFL-CoC Resolution Process: LETTERS TO THE CVC, CBI, ED, NIA”
Piramal is more equal than the other 98%!
Posted on 31/10/2022 DISCLAIMER: The allegations and claims outlined in this article are subject to ongoing judicial review and investigation, with many issues remaining sub judice. Readers should refrain from forming definitive conclusions due to the absence of conclusive evidence. OBMA has always mindfully used cautious and legally accurate language, employing terms such as “alleged,” “reported,”Continue reading “Piramal is more equal than the other 98%!”
FINANCIAL ABUSE OF THE DHFL VICTIMS BY THE CoC FOR DHFL: THIRD COMPLAINT TO THE NHRC
Posted on 25/10/2022 Updated on 04/11/2022 Following our previous two consequent complaints to the NHRC against the Apex Court of India and the RBI respectively ⤡ ⤡, on 25/10/2022, another complaint (Diary No. 17904/IN/2022, Case No. 4916/25/15/2022) was filed before the National Human Rights Commission (NHRC), India, by pointing out the curtailment or gross violation of business-related human rightsContinue reading “FINANCIAL ABUSE OF THE DHFL VICTIMS BY THE CoC FOR DHFL: THIRD COMPLAINT TO THE NHRC”
FINANCIAL ABUSE OF THE DHFL VICTIMS BY THE RBI: SECOND COMPLAINT TO THE NHRC
Posted on 25/10/2022 Updated on 04/11/2022 Following our previous complaint to the NHRC against the Apex Court of India⤡, on 25/10/2022, another complaint (Diary No. 17901/IN/2022, case no. 4642/25/5/2022) was filed before the National Human Rights Commission (NHRC), India, by pointing out the curtailment or gross violation of business-related human rights (as guaranteed by the United Nations GuidingContinue reading “FINANCIAL ABUSE OF THE DHFL VICTIMS BY THE RBI: SECOND COMPLAINT TO THE NHRC”
FINANCIAL ABUSE OF THE DHFL VICTIMS: A COMPLAINT TO THE NHRC
Posted on 25/10/2022 Updated on 15/02/2023 On 24/10/2022, a complaint (Diary No. 17826/IN/2022; Reg. No. 5399/90/0/2022) was filed before the National Human Rights Commission (NHRC), India, by pointing out the curtailment or gross violation of business-related human rights (as guaranteed by the United Nations Guiding Principles under the purview of international law) in the contextContinue reading “FINANCIAL ABUSE OF THE DHFL VICTIMS: A COMPLAINT TO THE NHRC”
THE CHRONOLOGY OF THE DHFL SCAM
The article outlines the timeline of the DHFL scam, one of India’s largest financial frauds, involving the Wadhawan brothers who allegedly diverted over ₹30,000 crore through shell companies and fraudulent loans, some linked to criminal entities. Despite repeated allegations and forensic audits uncovering fake accounts under government housing schemes, DHFL maintained high credit ratings until it defaulted in 2019. The RBI intervened, and insolvency proceedings followed. Eventually, the Piramal Group acquired DHFL under questionable circumstances, even though competing bids offered more value. Courts upheld the resolution plan, the Wadhawans were given a clean chit in early 2025, but lakhs of depositors remain uncompensated, raising concerns about regulatory lapses, political shielding, and systemic injustice.
Once in a Blue Moon Academia 