I need some guide and help from you guys, What i want is as follows:
Create a whitelist of acceptable URLs (no other URLs will be accepted)
Enable/Disable native Samsung Android device following features.
Android Market (App Store)
Camera
WiFi
Bluetooth
Microphone
Access Point
Now can anybody guide me what to do and where to start in android? Your help will be really appreciable.
Thanks
As mentioned by Evan, this is really the domain of Mobile Device Management (MDM) and involves a pretty heavy-handed control from the app.
There are a number of solutions already available such as Air-Watch or Good who specialize in exactly this sort of thing.
I think building your own from scratch would certainly not be trivial, though there is a lot of discussion which could help in getting you started (check here for instance).
Good luck!