Today the much awaited Made In India tablet was launched.Its named as Aakash
(meaning Sky in Hindi). Its mainly meant for Students and will be available at
subsidised rate while for masses its cost is ~$60
It was about an year ago the prototype was shown to the public and its cost
was estimated at $35. "Has the device lived up to the $35 price tag?"
Technically, it hasn't. The HRD ministry has informed us that the manufacturing cost of the device is $37.98. The sales price of the device however is $49.98 after adding the transportation cost, warranty and other costs. The manufacturer will be able to deliver 1,00,000 units of the device to consumers at $49.98 that is approximately Rs. 2276. So the $35 claim does not hold true in real terms. “
“So, if $37.98 is the cost of the device, what will the institutes have to pay? How much is the government going to subsidize the device? The answer is 50%. An institute that wishes to make this tablet available to its student will pay Rs. 1500 or less, the ministry has informed us.”
(Source NDTV)
Complete Specs -
Name: Akaash (Not Sakshat as was originally called)
Manufacturer:
Datawind
Price : Rs 2,276 (about $50)
Dimensions: 190.5x118.5x15.7mm
Screen: 7" resistive
Weighs: 350gms
Operating System: Android 2.2
(Doesn’t have Android Marketplace has Getjar instead)
Processor: 366MHz
Wi-fi enabled only
Connectivity: 2 full USB ports
Memory: 256MB RAM
Storage: 2GB Flash memory + 2GB Micro SD card (expandable to 32GB)
Battery: 2100mAh (Lasts 1.5 to 2 hours when watching HD videos & 3 hours
on average use)
(Source NDTV chat )
Comparison Chart (Courtesy NDTV.com)



You do have the option to purchase a carrying case for the device that also
supports a keyboard. This will cost you an additional Rs.300 in the retail
market. For more photos please visit : NDTV.com
It will be sold as the DataWind Ubislate for Rs 2999 (~$60) inclusive of taxes from Nov.2011

For more details, review, pics, video etc please visit these NDTV.com source links
$50 tablet: From prototype to reality
What features will the Made in India Tablet have?
GadgetGuru Video Review : The Aakash: At $50, the world's cheapest tablet
(Source: $50 Aakash Tablet launched ($30 for Students) – Specs / comparison chart )