This article presents a critical analysis of Hindutva as a political and economic project, arguing that its purported aim of protecting Hindu interests is a façade for market fundamentalism, crony capitalism, and authoritarian consolidation. Using the DHFL financial scandal as a case study, it demonstrates how ordinary Hindu investors and pensioners suffer losses while political insiders and corporate cronies benefit, exposing the betrayal embedded within the saffron narrative. Beyond economic exploitation, the piece highlights the systematic suppression of dissenting Hindu voices—eco-activists, reformist priests, and ascetics—whose advocacy for ecological balance, spiritual pluralism, and resistance to commodification has been marginalized or violently silenced. The article situates communal polarization, Islamophobia, and other engineered religious tensions as deliberate distractions that conceal the underlying agenda of capital extraction and consolidation of power. Through examples from domestic policy, foreign aid, heritage destruction, and environmental mismanagement, it contends that Hindutva endangers Hindu communities from within, revealing a profound contradiction between its rhetoric and its effects. The critique underscores that the issue is not religion per se but the instrumentalization of religious identity for neoliberal and authoritarian ends, culminating in a call for Hindus to recognize and resist Hindutva’s internal threats.
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.***
Joyful Festivals, Not Noise and Smoke in Kolkata and West Bengal (AN ONLINE MASS PETITION)
Kolkata, once the “City of Joy,” now faces climate fragility from rising seas, cyclones, and severe pollution. Festivals throughout the year amplify this crisis with high-decibel firecrackers, DJ systems, dazzling lights, and toxic idol immersions, worsening air, noise, and water quality. Despite strong laws and repeated court orders, lax enforcement and state subsidies for festival committees deepen unsustainable practices. The toll is stark—over 18,000 premature deaths annually from air pollution, alongside cardiovascular, respiratory, and mental health harms. This Fridays For Future (FFF) India petition calls for urgent enforcement of pollution laws, ending arbitrary state funding, ensuring just transition for firecracker workers, and promoting sustainable, culturally rooted celebrations that protect citizens, animals, and ecosystems.
Occupation Before Finality: How Piramal’s Takeover of DHFL Allegedly Subverted Due Process with BJP’s Institutional Enablement
The DHFL insolvency reveals how India’s ill-conceived IBC framework enabled “occupation before finality,” letting Ajay Piramal allegedly seize control despite pending appeals—turning depositors into guinea pigs in a neoliberal lab. Cobrapost exposed DHFL’s links to Dawood Ibrahim and Iqbal Mirchi networks, funnelling BJP donations as terror-financing in the name of political donations, while Piramal’s own Electoral Bonds, PM CARES, and Flashnet ties deepened the crony nexus with the BJP. What emerged was not resolution but reportedly an oligarchic lawfare, where judicial pliancy, executive patronage, and opaque financing converged into a paradigm of selective justice and political capture.
Ajay Piramal Exposed: DHFL, Crony Capitalism & Piramal Pharma Boycott (DIGITAL POSTERS)
The DHFL scam exposes alleged crony capitalism by Ajay Piramal, including undervalued acquisitions, insider trading, environmental violations, and SLAPPs against victims. Close ties to the BJP raise accountability concerns, while ordinary investors face massive losses. Citizens are mobilizing to demand justice and protect public health and financial security.
Sorry is Not Enough: Inside the 11th September Call Between OBMA and Piramal Finance
On 11 September 2025 (the DHFL Victims’ 9/11!!!), a phone conversation between Dr. Debaprasad Bandyopadhyay (OBMA) and Mr. Jitendra Wagh (Piramal Finance Ltd.) laid bare the unresolved moral and legal contradictions of the DHFL resolution. While Wagh reiterated corporate apologies and deferred responsibility to court rulings, Bandyopadhyay challenged the moral legitimacy of Ajay Piramal’s acquisitions—juxtaposing philanthropy, political donations, and lavish displays of wealth against the dispossession of DHFL victims. The dialogue exposed how legal frameworks and symbolic appropriations of Gandhi, Tagore, and the Gita serve to shield systemic financial abuse and crony capitalism under the BJP regime. By forcing Piramal Finance into reluctant acknowledgment, OBMA pierced corporate silence, reframing the DHFL struggle as a broader reckoning with India’s oligarchic order.
Non-Godi Media, This Is Your Wake-Up Call: The DHFL Scam
This video is a direct appeal to India’s non-Godi media to break their silence on the DHFL scam—a financial catastrophe that destroyed the savings of pensioners, defence families, employees, and small investors while powerful corporations, auditors, rating agencies, and regulators escaped accountability. It exposes how political donations, celebrity endorsements, fraudulent credit ratings, judicial opacity, and sweetheart deals under the Insolvency and Bankruptcy Code enabled the systematic looting of public wealth and its transfer to oligarchs like Ajay Piramal. By demanding fearless reporting, a Judicial Truth and Accountability Commission, real penalties for gatekeepers, anti-SLAPP protections, and restitution for victims, the video insists that silence from independent media is not neutrality but complicity in state-corporate betrayal.
Open Press Release: An Urgent Appeal to India’s Non-Godi Media on Press Freedom, Censorship, and the DHFL Scam
The DHFL scam is not merely a financial fraud but a glaring testament to India’s descent into crony oligarchy, where state-corporate collusion, regulatory failure, and alleged judicial bias have enabled systemic looting of public wealth, leaving millions of ordinary citizens—senior citizens, employees, NRIs, and middle-class investors—silenced and dispossessed. Alongside IL&FS, PMC Bank, and Yes Bank, DHFL exemplifies a decade-long pattern of engineered bankruptcies that enrich tycoons like Adani, Ambani, and Piramal while gatekeepers—auditors, credit rating agencies, and celebrity endorsers—escape accountability. Victims face SLAPP suits, denied justice, and deliberate erasure from mainstream and even non-mainstream media narratives. We, the Once in a Blue Moon Academia (OBMA), on behalf of the DHFL victims, urgently call upon India’s non-“Godi” media—the last remaining torchbearers of truth and justice—to expose this state-corporate nexus, hold all perpetrators accountable, amplify the voices of the long-silenced victims, and pressure authorities to deliver genuine financial justice before public trust and constitutional values are irreparably eroded.
When Institutions Dodge Responsibility, Who Answers to the DHFL Victims?
On 30th July 2025, OBMA submitted a detailed appeal to India’s top regulatory and judicial authorities, calling for institutional accountability, independent inquiry, and restitution for thousands of DHFL depositors whose savings were wiped out. Despite detailed evidence of auditing failures, flawed credit ratings, and regulatory lapses, SEBI’s response was allegedly a bureaucratic deflection, refusing responsibility. To highlight this stark contrast, we designed a poster juxtaposing the plea for justice with SEBI’s mechanical reply, exposing systemic evasions and the erosion of public trust. Download, share, and spread this poster—because when regulators dodge responsibility, ordinary citizens pay the price.
We Love You SRK, But You Must Answer for DHFL!
This statement calls on Shah Rukh Khan to take accountability for endorsing DHFL between 2015 and 2018, a period when lakhs of small depositors were persuaded to trust the company before its collapse in 2019, which wiped out over thousands of crores of rupees. Citing the Consumer Protection Act, it argues that Khan failed in his duty as a celebrity endorser to exercise due diligence, and demands a public apology, disgorgement of his endorsement fees, penalties under law, and a temporary ban on financial product endorsements. Drawing on his iconic film roles, the appeal frames accountability not as hostility but as an act of love and justice, urging Khan to stand with victims as the true hero he portrays on screen. It ends with a call for public action—signatures, solidarity, and collective pressure for justice.
DHFL Scam: Who Audited and Rated Our Trust?
Between 2010 and 2019, DHFL projected itself as a secure, AAA-rated housing finance company, yet it concealed one of India’s largest financial frauds involving shell companies, fictitious loans, and alleged political collusion with the BJP. Despite glaring irregularities, auditors and credit rating agencies continued to endorse its credibility, betraying the trust of lakhs of ordinary small depositors. The collapse left vulnerable groups—senior citizens, widows, pensioners, and salaried professionals—with devastating losses, while the resolution process (reportedly) disproportionately benefitted one chosen corporate acquirer. This appeal demands disciplinary action against negligent auditors and rating agencies, restitution for depositors, transparency in insolvency proceedings, and systemic reforms to restore accountability in financial governance.
Once in a Blue Moon Academia 