OK, I will update this post from time to time, but for starters:
Rs. 15000 range laptops have finally hit india. ACi Has made a laptop based on VIA's NanoBook specification available for indians @ 15K. It has 1 GHz ULV proccy, 40 gig HDD, 512 MB ddr2 ram, 7" 800x400 screen.
HCL is releasing a 14K EEE Like notebook with 2GB flash, and the rest like the one above.
Data:
1.
HCL MiLeap 
* Intel Celeron M Processor clocked at 900MHz
* Intel 915GMS Chipset
* 512MB DDR2 RAM
* 7″ (17.7cm) Wide 800×480 Resolution LCD
* 2 built-in stereo speakers
* 2GB Solid State Drive (SSD) NAND Flash Storage
* Built-in Microphone
* Headphone, Mic-in, AC-in ports
* Integrated 10/100Mbps Ethernet
* Keyboard, Touchpad,
* 802.11 b/g WiFi
* 2 x USB 2.0 ports
* 4 hrs battery life under idle state with the 6-cell battery pack
* Linux Operating System
* Dimensions: 245mm x 196mm x 44mm
* Weight: 1.44kg with 6-cell battery pack
* Price: Rs. 13,990 + Taxes
The ACi Ultra Mini
* 7-inch LCD screen
* VIA 1.0 GHz ULV Processor
* 512MB Memory
* 40GB HDD
* WiFi & Bluetooth
* Webcam
* No Optical Drive
Acer Aspire 3680
Here are THE specifications of the Rs. 20,000/- laptop, the Aspire 3680:
* Intel Celeron M processor 430 (1 MB L2 cache, 1.73 GHz, 533 MHz FSB)
* Mobile Intel 940GML Express chipset
* 256 MB of DDR2 533 MHz memory, upgradeable to 2 GB using two soDIMM modules (dual-channel support)
* 14.1″ WXGA Acer CrystalBrite TFT LCD, 1280 x 800 pixel resolution
* Intel’s GMA 950 graphics core with up to 224 MB of shared system memory (Support for DirectX 9.0)
* Intel HD Audio, S/PDIF output, Two built-in stereo speakers, microphone
* DVD/CD-RW combo drive
* 40/60GB HDD
* 5-in-1 Card Reader (SD, MMC, MS, MS PRO, xD)
* 802.11b/g WiFi, 10/100 Mbps Ethernet, 56k Modem
* Three USB 2.0 Ports, VGA port for External Display, S-video out, PC Card Slot II, Headphones/speaker/line-out jack
* 6-cell 44.4 W 4000 mAh Li-ion battery pack providing 2-2.5 hours of battery life
* Size - 341×251x28~35 (mm)
* Weight - 2.4Kg (5.28 lbs.)