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The Supreme Court on Monday said that a nine-judge Constitution bench will commence hearing on the contentious issue pertaining to the definition of the word 'industry' under the Industrial Disputes Act, 1947 from March 17. A bench of Chief Justice Surya Kant, and Justices Joymalya Bagchi and Vipul M Pancholi formulated questions for consideration. The top court asked parties to update their written submissions or submit additional fresh written submissions on or before February 28, 2026. It clarified that matter will be heard on March 17 and 18. "In our considered opinion, we have to adjudicate following issues: Whether test laid down in para 140 to 144 by Justice V Krishna Iyer in Bangalore water supply case on whether enterprise falls within definition of Industry lays down correct law? "Whether the Industrial disputes amendment act 1982 had not seemingly come into force and industry code had any legal impact on the expression 'industry'," the bench said. The top court said it
Domestic composite materials industry is expected to grow at a 7.8 per cent annual growth rate to reach USD 2.8 billion by 2030, a report said. Composite materials or fibre-reinforced plastics (FRP) help in the circular economy as these are manufactured by combining multiple materials with different properties. The Indian composite materials market is estimated at USD 1.8 billion in 2024, FRP Institute said in its report. "The Indian composite materials market is likely to grow at a healthy CAGR of 7.8 per cent over the next six years to reach USD 2.8 billion in 2030," the Chennai-based body said. The major growth drivers for the industry will be increasing demand from sectors like electrical vehicles (EVs), renewable energy, transportation and construction industries, consumer and white goods, construction and defence. Government projects like smart cities, hydrocarbon, freshwater transportation, sewage treatment system, and rehabilitation of water and sewage pipelines will also
Finance Minister Nirmala Sitharaman on Wednesday said the industry will have to realign its policies keeping in mind political and strategic decisions of the country. Outlining the priorities of the economy for the next decade, Sitharaman also said attempts should be made to restore global calm and normalcy and noted that war or any form of disruption should be avoided. Sitharaman said the economy has to "clawback" more to regain its strength after the Covid pandemic and any skirmish or war will impact the supply chains and food value chains. "The world is facing challenges which are reflected in the economy," the Minister said at the CII Global Economic Policy Forum here. Talking about ways to tackle supply chain disruptions, Sitharaman said currently there is a need to blend economic priorities with politics and strategic needs. "When we talk about restoring supply chains to frictionless supply chains, let's not forget it's not just economics, it's more than that... We have to b