Equity Linked Savings Schemes (ELSSs), which allow investors to reduce their tax liability and simultaneously gain from stock markets, saw net inflows fall in December 2016 after rising consistently in the previous four months. The net inflows stood at Rs 907 crore in December 2016, after reaching a high of Rs 1,011 crore in November 2016 from Rs 706 crore in October 2016. In September 2016, the net inflows stood at Rs 495 crore.
India will be superpower by 2047, but not high-income economy: Martin Wolf
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