I am sorry to disappoint, Satyavarapu...
There is some value to various ideas featured in this essay, but it is full of basic errors that seem to reflect a fundamental misunderstanding. Perhaps you have under-estimated the depth of the problem, or perhaps you have some misconceptions about what the endeavor of Physics should be. However; if I was sent this paper as a reviewer for any of the journals where I have been a referee, I would have to say it has some flaws too deep to fix. Academic reviewers often use a three strike rule, where once they see 3 major flaws they will stop reading and if they are kind, they will enumerate those errors.
I read the whole paper, however. So I'll start with the color vs frequency issue; do you realize that blue has a higher frequency than red? In several places; you appear to be saying the opposite. I think you mean that wavelength increases are a red shift while decreasing wavelengths indicate a blue shift. I agree, by the way, that evidence for blue-shifted galaxies is often ignored, and people have the false impression that everything in the cosmos is red-shifted. At the 2nd Crisis in Cosmology conference, back in '08; more than one speaker cited blue shift evidence in their talk.
I also agree with your basic premise that gravity can be treated as a kind of frequency shifting phenomenon. There have been a handful of serious academic papers about this, and it is an interesting topic to explore. Unfortunately; a much deeper understanding of things like virtual particles and photons, wave-particle duality, energy of motion, deBroglie wavelength, and so on, is required for a factual treatment of this subject. You come up short.
I think you got lucky, because I already rated this paper a few days ago, and I was likely more generous than I would be today. Even with some of the deficiencies; it would not be so bad except for the exaggerated claims. But the fact you make such bold promises without a firm basis is offensive.
All the Best,
Jonathan