We can provide you with the following hosting plan:

- 10 MB disk space
- 100 MB data transfer per month
- cPanel web based control panel
- unlimited sub-domains
- PHP, Perl
- unlimited mySQL databases

... for $2.25 per year

Add $10 per year for domain name registration.
That comes to about Rs. 570 (may vary depending on exchange rate)
Please visit http://www.globedomain.com/web_hosting.html for all the plans we offer.