Spicejet is expected to order over 92 jetliners (737 model), in its bid to expand its presence and increase the number of routes in the airline market. The deal would be a big addition to Spicejet's current 40-plane fleet, and could potentially be worth $10.1 billion for Boeing. Spicejet currently has 12% of the market share in Indian aviation, and the growth trajectory for Indian air traffic in the coming two years is high. It is estimated that crude prices will remain steady till FY18 at between $40-$60, keeping the price of aviation fuel - which contributes to 40% of airline operating costs - steady. 

The Indian government is set to overhaul spending on poverty programs in a way that has implications for social infrastructure, public oversight and rural consumer spending. The centre is working on ways to empower panchayats in rural spending - which would also make programs more local and accountable. This combined with the government's efforts to directly transfer social benefits to bank accounts, and to consider a Universal Basic Income, is set to transform how India has approached poverty alleviation for decades. Whether it is successful by 2019 - the government's target date to remove 10 million households out of poverty - remains to be seen. 

Stock in spotlight: Suzlon Energy, the renewable energy company has won a 105 MW wind project from Axis Energy Ltd. 

Photo of the day: A volunteer arranges chappatis for a celebration of Guru Gobind Singh's 350th birthday. Jaipal Singh/EPA