And mostly these regulations are used by more established aka politician & bureaucrat bribing companies and conglomerates to kill competition in the market. I

And mostly these regulations are used by more established aka politician & bureaucrat bribing companies and conglomerates to kill competition in the market. In India regulations are not for consumer rights protection but for highest bidder so that regulatory mechanism can be unleashed with full wrath on the competitor. In his book the former head of central bank wrote that in the Indian state of Madhya Pradesh no one could set up any industry in mining if there were not part of the Jindal group. No entrepreneur or businessmen would get license from the state government if they were not part of the Jindal group. The Jindal group would in turn pay the politicians and bureaucrats in money and sex. Thank god that Soviet Union failed and global economic conditions with that forced India to become more market friendly. But these regulations are still there.