Gold price prediction today: Easing October Fed rate hike probability, soft US nonfarm payroll report (September) and robust ETF inflows support the shiny metal; however, elevated yields and firm oil prices amid healthy risk appetite cap the gains. The Fed leaders signalling a brief pause in rate hike also supports the metal.

Cabinet may clear Rs 10,000 crore SME growth fund, integrated logistics authority
https://timesofindia.indiatimes.com/business/india-business/cabinet-may-clear-rs-10000-crore-sme-growth-fund-integrated-logistics-authority/articleshow/134725581.cms

The Union Cabinet is expected to review proposals regarding an Integrated Transport and Logistics Authority and a SME Growth Fund. The SME Growth Fund aims to support micro, small, and medium enterprises, enhancing their equity base. Additional funding for the Self-Reliant India Fund will also be considered to assist micro enterprises. Various measures for MSMEs will focus on liquidity, equity, and professional support for compliance.

Sikkim to get first train link by 2027; Railways fast-tracks Rs 9,000 crore Gangtok line
https://timesofindia.indiatimes.com/business/india-business/sikkim-to-get-train-connectivity-for-first-time-as-44-5-km-sivok-rangpo-project-reaches-75-progress-to-be-completed-by-december-2027-railways-fast-tracks-rs-9000-crore-gangtok-rail-link-as-well/articleshow/134725767.cms

The 44.5-km Sivok-Rangpo railway line is being constructed at an estimated cost of Rs 17,124 crore and will provide Sikkim with its first direct railway connection. The Rangpo-Gangtok line would serve as an extension of the railway network once the ongoing Sivok-Rangpo project, connecting Sivok in Darjeeling with Rangpo in East Sikkim, is completed.

From SME fund to hailing PM’s 25 years as govt head: Cabinet decisions & resolutions
https://timesofindia.indiatimes.com/business/india-business/cabinet-clears-rs-10000-crore-sme-fund-new-transport-authority-hails-pm-modis-25-years-in-public-life/articleshow/134738385.cms

Prime Minister Narendra Modi led the Union Cabinet in approving innovative strategies to bolster small businesses and enhance transport infrastructure. The introduction of a Rs 10,000 crore SME Growth Fund aims to empower small and medium enterprises in their growth and tech advancements. Moreover, the formation of the Integrated Transport & Logistics Authority seeks to streamline India's logistics and transport operations.

MMTC, STC may lose gold tax edge as 3% GST weighed
https://timesofindia.indiatimes.com/business/india-business/mmtc-stc-may-lose-gold-import-tax-advantage-as-gst-council-weighs-3-gst-aim-to-put-banks-nominated-agencies-and-exchanges-on-equal-footing/articleshow/134726830.cms

The proposal is aimed at ensuring that different channels used to import bullion face similar tax treatment and at reducing classification and valuation disputes that have resulted in lengthy litigation. The issue is likely to be discussed at the GST Council meeting on October 8. Currently, banks and certain nominated agencies are required to pay 3% GST when importing precious metals.

US-Iran war, Trump tariff threat: Why India can't take its high growth for granted
https://timesofindia.indiatimes.com/business/india-business/us-iran-war-trump-policies-why-india-should-brace-for-an-economic-hit-despite-high-gdp-growth/articleshow/134734299.cms

While India’s domestic growth story stays resilient, the external sector risks continue, and with mounting impact and ripple effects. As the Department of Economic Affairs notes, global conditions have turned unfavourable again. Oil prices have spiked in September. Global bond yields have moved sharply higher and continue to climb.

ATF price shock: Govt weighs revival of stabilisation fund as airlines feel fuel heat - report
https://timesofindia.indiatimes.com/business/india-business/atf-price-shock-govt-weighs-revival-of-stabilisation-fund-as-airlines-feel-fuel-heat-report/articleshow/134742005.cms

He bought an SUV for Rs 13.69 lakh; gets Rs 10.99 lakh refund plus interest over repeated DPF issues
https://timesofindia.indiatimes.com/business/india-business/he-bought-an-suv-car-in-2022-for-rs-13-69-lakh-repeated-dpf-issues-followed-consumer-commission-finds-deficiency-in-service-and-awards-rs-10-99-lakh-refund-9-interest-and-compensation/articleshow/134728365.cms