For cruciverbalists...A Good Place to Start..
Thanks to all of you who participated. Here are the solutions and annotations..
Puzzle 1:
The spanner words FLOWERPOT, CATHERINE WHEEL, ROCKET, BOMB, LAMP, SWEET, OIL, BATH and LIGHT are all Deepavali themed words.
Puzzle 2:
Thanks to 
(O)racle for this Triple Dhamaka. Hope you enjoyed this very entertaining and challenging puzzle. Hats off to The Oracle (Kishore) who managed to pull off yet another fascinating challenge for all of us.
Sowmya is a Chartered Financial Analyst (CFA) and independent financial consultant based in the Middle East (Bahrain). She is a puzzle editor at Amuselabs. She has set over 1,300 crosswords for various publications including over 1000 mini crosswords, cryptic crosswords (under the pseudonym Hypatia for The Hindu) and themed crosswords for Cat.a.lyst (part of The Hindu Businessline). Sowmya runs the Facebook group 1Across where seasoned cruciverbalists interact while setting and solving clues. She has published three compilations of crosswords viz Cryptic Crossroads Volumes 1, 2 and 3. She Tweets cryptic clues daily @somsram
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Simple words for clues , yet a bit of a brain teaser. I had to use a Notepad to solve and then to enter into the spiral. Lightened and lit up my deepavali days, cracking these clues without cracklers but with sparklers ! Thanks , Kishore.