dna Money Must Reads: From Air India's plan to buy Boeing aircrafts to FM Jaitley's take on interest rate cuts and more

These are the top 5 business stories of the day:

1. Air India to buy more Boeing wide-body planes to expand overseas network

Air India is mulling expanding its Boeing wide-body aircraft feet to implement its plans for adding a host of new destinations in its overseas network in a couple of years. Read more.

2. Interest rate cuts on small savings to make economy more efficient: Arun Jaitley

The Centre on Sunday defended its decision to slash the interest rates on small savings, saying that the move was made to make the economy more efficient rather than sluggish. Read more.

3. BS VI draft 'highly diluted'; will take India back 16 years: SIAM

Automobile industry body Society of Indian Automobile Manufacturers (SIAM) has criticised the BS VI fuel standards announced in the draft notification by Ministry of Road Transport and Highways, terming them as 'highly diluted', which will take India back by 16 years to the Bharat Stage (BS) II level. Read more.

4. Tax revenue of Madhya Pradesh govt falls below estimate: CAG

The tax revenue of the Madhya Pradesh government was much below its expectations while expenditure went beyond its estimate in 2014-15, as per a Comptroller and Auditor General of India (CAG) report. Read more.

5. Banks to mull interest rate cut after RBI policy meet

Although the government has slashed small savings deposit rates by up to 1.3%, bankers say they will decide on reducing the interest rate on deposits and advances after the Reserve Bank of India (RBI) monetary policy early next month. Read more.