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Showing posts from August, 2026

How the new Business model is Powering Chennai's Public Buses: Inside MTC's Gross Cost Contract Revolution

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Chennai's Metropolitan Transport Corporation (MTC) is quietly rewriting the playbook for public bus operations in India. Faced with an ageing fleet, rising costs, and the urgent need to electrify, MTC has turned to a Gross Cost Contract (GCC) model that brings in private operators to buy, run, and maintain electric buses while the corporation keeps control of fares, routes, and the commuter experience. It is a model that has attracted World Bank backing and over $150 million in private capital — and could save the city an estimated $620 million over the next 12 years. Electric buses lined up at Vyasarpadi Electric Bus Depot in Chennai. MTC is adding 1,500 e-buses under the GCC model. (Representative image) What is Gross Cost Contract? For decades, MTC followed a traditional ownership model: it bought buses, hired drivers, maintained depots, and collected fares. The model ensured public control but strained finances — fuel, staff, and maintenance consumed most of the...

"Rana Plaza Collapse: The Worst Garment-Factory Disaster Ever Recorded"(Social Aspects of Business)

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  The collapse of Dhaka’s Rana Plaza resulted in 1,134 fatalities and over 2,500 injured, making it one of the deadliest structural failures and the worst garment-factory disaster ever recorded. Experts and survivors examine what caused the devastating collapse.      The video "Rana Plaza Collapse: The Worst Garment-Factory Disaster Ever Recorded" examines the 2013 collapse of the Rana Plaza building in Dhaka, Bangladesh, which killed 1,134 people and injured more than 2,500 workers . The documentary explores how poor construction practices, safety failures, and management decisions contributed to one of the deadliest industrial disasters in history. Stakeholder Analysis 1. Employees (Primary Stakeholders) The most affected stakeholders were the garment workers employed in the factories operating inside Rana Plaza. Despite visible structural cracks appearing in the building before the collapse, many workers reportedly returned to work due to pressure to meet pr...