Comments on: It is transaction costs all the way – Part 2

By: Of product and process innovation

Of product and process innovation — Sat, 30 Aug 2008 13:34:45 +0000

[...] for a bit of material, energy and labor that goes into the direct production of stuff. (See “It’s transaction costs all the way — Part 2” from July [...]

By: mayank

mayank — Unknown, 30 Nov -0001 00:00:00 +0000

No one needs to be convinced of the necessity of ICT in today’s world and the efficiencies brought about by its application in our day-to-day life are far too obvious for anyone to debate against it. Example of Chandrababu Naidu in AP comes easily to our minds as one of the proponents of this panacea for india’s ills. But then did that stop the farmers there from committing suicide in abject despondency. It didn’t and similarly the supposed panacea failed to stop him from getting swept away in the much touted anti-incumbency wave. Anyway thats a different story. The point I was intending to make was that there can but only be a limited use of ICT in the rural development theories discussed in this forum. As you yourself mentioned in one of your writings, that agricultural and manufacturing sectors have to prosper first to give services a chance to blossom. Blind adherence to ICT in all contexts can only bring about lopsided development where zero degrees humanity resides at the TRIPLE POINT of the world, to borrow a phrase from you.
The silver lining in this dark cloud has been FM’s renewed emphasis on agriculture in this year’s budget. At least he seems to have his priorities correctly defined. Whether he delivers or not is another matter.

By: Elango

Elango — Unknown, 30 Nov -0001 00:00:00 +0000

Does anyone here know whether RISC pilot is being carried out? OR is it just a concept still.
I am writing a report for a MBA class on Globalization from bottom-up, so please someone answer this.

By: Elango

Elango — Unknown, 30 Nov -0001 00:00:00 +0000

I was very inspired to read this RISC concept. However, few minutes later, skepcticism took over me – because Indians are very good at abstract thinking and theorizing but don’t seem to have the killer instinct/other skilles needed to get things done. Since some profile VCs and proven entreprenuers are involved I’m hoping that this may actually get implemented. Does anybody know what is the status of RISC pilot?

By: Venkat Ramanan

Venkat Ramanan — Unknown, 30 Nov -0001 00:00:00 +0000

Hi Atanu,
I just had this observation made. plz let me know if the following is also a result of Transaction cost. I had to buy a cough syrup. a small bottle of 100 ml quantity costs Rs. 43 (around $1) in chennai. I guess this will be the price throughout India too. This syrup is one of the most recommended and i have seen kids too taking it. can poor afford to buy a small bottle of syrup for Rs. 43/-? don’t you think the high cost of commodities, especially medicines make it prohibitive for the poor to have access to it? many families’ daily income is Rs. 40 – 50 in India. What is the reason for keeping such necessities out of reach but allocating tax payer’s money in thousands of crores for the “alleviation” of poverty and for the “betterment” of poor? has this got anything to do with politics or drug research in India?Thanks, Venkat.