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Note ban anniversary: Sitharaman asks if Oppn is in favour of black money

Sitharaman said that about 20 per cent more confiscation of black money happened after demonetisation

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T E Narasimhan Chennai
Union Defence Minister Nirmala Sitharaman on Wednesday questioned whether the Opposition parties were in favour of black money. Her comments come after the Opposition decided to observe November 8 as a 'black day'.

On this day last year, Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1,000 notes to eradicate black money and terror funding.

She said that the total number of currency notes to gross domestic product (GDP) has to be at a certain level and hence the high-value notes were banned last year.

Speaking to reporters in Chennai today, she alleged that former prime