Broadly, the policy approach adapted to financial inclusion in India can be divided in two categories – the minimalist approach and the expanded approach. The minimalist approach for financial inclusion focuses on the provision of a bouquet of basic financial products and services, including thrift, credit, remittance and payment facilities for the vulnerable and financially excluded sections.
It is my personal conviction that compensation for risk taking should be based on the following principles: 1)  An executive compensation scheme should adequately reflect the performance of the executive in the medium and long term. Therefore, executives and traders should not be compensated based on current year revenue but the average income of a financial institution in a defined period.