Biking In Bangalore

Hi ,
was reading the newspaper in the morning when saw the news " * bikers get caught for racing "
They were racing on Kormangala Intermediate Ring Road.I remember the old days in Bangalore when we used to race( Just within the limits ) at MG Road , now its Kormangala Ring Road.
So my question is Is it good to race like this?
Is it dnagerous?
But as an youngster i feel we shoudl get the permission to do it under law.I like driving a lot and enjoy it a lot.What do you guys say???
Let me know....

LEONIDAS