Latest on the elections and some stock-picking tips that tie in with the nationwide vote and we also look at the upcoming T20 Cricket World Cup.
This report is from this week's CNBC's"Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribeBut even if the two had crossed paths this month, any benefit to Tesla or to the Indian economy would have taken years to materialize — if not decades.
Ensuring uninterrupted renewable energy without using high-cost batteries also means that previously unviable industries could be given fresh opportunities. It doesn't end there. From an energy producer's perspective, it will allow solar power plants and wind farms to be built where the sun shines longer and the wind blows stronger.It's been relatively easy to add renewables to the energy mix in the past, as India has had excess capacity in its transmission grid.
Currently, state governments in India levy surcharges and taxes on every unit of carbon-intensive energy transmitted through the grid. As the share of total electricity generated from renewables rises, the fee-free access for clean energy would mean a steady decline in future tax receipts. Sensing this, a number of local governments could revolt against the policy.
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