Expense Account, Mint
It is only when the volume of traffic increases to a certain intensity that the need for a set of road rules is felt by all parts of the system—the users of the roads, the pedestrians, the vehicle manufacturers and the traffic police. Retail financial products are in the same space—the volume of products and consumers is such that most parts of the market (manufacturers, distributors, consumers and regulators) feel the need for some road rules. Those opposing benefit from the current lawlessness as they sit in parts of the market protected by archaic regulations that have no place in the contemporary Indian financial marketplace.