Asus has released the X101h in India along with Intel and Reliance. Reliance will be giving a 50 dollar discount that will be spread over the 6 month period. Priced under 300 dollars, the X101h is one of the cheapest netbooks out there.
It will come loaded with the Meego app store that will allow you to install apps with single click. For storage, you get 250GB hard disk. You will also be able to increase the RAM to 2GB even though you get only 1GB RAM out of the box. You can read of its cousin, X101 here.