Name Ahuja Aman Ahuja

Div F
Roll no 340656

Black money
In India, dark cash alludes to reserves earned on the underground market, on which wage and
different charges have not been paid or which is the returns of criminal movement, for example, pay
off, kickbacks and defilement. The aggregate sum of dark cash stored in remote banks by Indians is
obscure. A few reports assert a sum of US$1.06 trillion is held wrongfully in Switzerland. Other
reports, including those detailed by the Swiss Bankers Association and the Government of
Switzerland, claim these reports are false and created, and the aggregate sum held in all Swiss
financial balances by nationals of India is about US$2 billion.

Introduction
This assignment is about the six sigma. Black money in India cant be flush out. It cant be possible to
use six sigma because black money in the market are so high that it cant flush out. By using the one
sigma 68.3 percent of the black money will be flush out and by two sigma is 95%.

What is the main objective of this approach?

The DMAIC(define-measures-analyze-improve-control) is the classic six sigma problem solving
process. Traditionally, the approach is to be applied to a problem with the existing, steady-state
process or product and/or service offering. Variation is the enemy variation from customer
specification in either a product or process is the primary problem.

The DMAIC five steps are

DEFINE- The main problem is to remove the black money from the Indian market by using the
six sigma, as we know that six sigma itself is not 100%, so it cant be possible to remove all black
money from the market but taking some measures we can reduce the black money.
Measures As PM of the country has taken measures such as removing the high currency
which is 500 and 1000. an introducing the new notes of 2000. The reason being removing of high
currency is that the people in India keep their black money in high currency so that is the measure
that PM of India has taken.

There can be another measures to stop black money that are given below

Tax on agriculture income, ignoring small farmers

Making the county digital
Introducing plastic money in the market
Limiting the cash withdrawal

Analyze
Prime minister Narendra Modi has taken step of demonitriistion on 8 November 2016 which
was shocking for all the people, the system was shock, and the decision which was taken by
prime minister was good, because that was the only solution which would stop black money
in Indian market, and through this decision the India can become digital.

Improve
Its means determine if the process is capable of producing the customer requirement. so
which measures we have taken it will surely help people, and the people who dont pay tax
or the people who hide their money will stop, and through that black money will get reduce
in the Indian market. People in India mostly like to keep cash with them, they prefer less
doing to bank, but through this measures they have to change their mentality, so people will
keep less cash, and as it will all digital they cant hide anything.

Control
Demonstrate how the improvements and/or change can be sustained. In this we have to
manage the risk. Proper information is to be given to the people. This is long process but it
should be done in proper manner. As it will change the whole economy of the country.

Fishbone analysis
It is done to identify the root causes of the problem, by focusing on this root causes we can
eliminate the problem.

Although it was originally developed as a quality control tool, we can use the technique just as well
in other ways such as

Discover the root cause of a problem

Uncover bottleneck in the processes
Identify where and why a process is not working

Scarcity Inflation Agriculture

income
 Black money

Unrealistic tax
Large public Control policy
laws and tax
expenditure
funds

Agricultural income
The unwillingness of the rulers on the political ground to bring agriculture income in the ambit of
income tax also contributed of black money. Big industries houses, over the past few decades, have
entered the agriculture sector in a big way by acquiring large farm, growing and producing nothing

Inflation
The expansion in costs of items like petrol, and so forth., in universal market, increment in costs of
wares because of high increment in obligations and assessments forced by the legislature,
prominent utilization in-dulged in by individuals with unaccounted cash, occupying assets from
generation to hypothesisall these cause swelling which thus makes black money.

Scarcity
Black money is additionally created by shortage and inadequate open dissemination framework. At
the point when fundamental products turn out to be rare, individuals need to pay higher than the
controlled value, which creates black money.

Control policy
Another reason for black money is the value control approach of the govern-ment. In choosing
wares for control and in deciding their costs, the administration neglects to consider the versatility's
required popular and supply.

Conclusion
Through six sigma it cant be possible to reduce the black money from Indian market because
people in India convert their money to gold or any other security bond , so it cant be possible but it
can work on two sigma which is 95% but it cant be possible to work on six sigma